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Category: Transport

  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah thanks Prime Minister Shri Narendra Modi for the Cabinet decision to fix the FRP of sugarcane at ₹355 per quintal for year 2025-26 and approve 4-lane Greenfield National Highway from Mawlyngkhung in Meghalaya to Panchgram in Assam

    Source: Government of India

    Union Home Minister and Minister of Cooperation Shri Amit Shah thanks Prime Minister Shri Narendra Modi for the Cabinet decision to fix the FRP of sugarcane at ₹355 per quintal for year 2025-26 and approve 4-lane Greenfield National Highway from Mawlyngkhung in Meghalaya to Panchgram in Assam

    This decision of the Modi Government will benefit about 5 crore sugarcane farmers and their families as well as about 5 lakh workers employed in sugar mills

    Committed to the prosperity of sugarcane farmers and increasing their income, this decision by Modiji will make the lives of farmers even better and easier

    Home Minister says, development of the Northeast has always been a top priority of the Modi government

    This decision will open a new fast lane of development for the Ashtalakshmi of Bharat by making transportation safer and seamless

    Posted On: 30 APR 2025 8:21PM by PIB Delhi

    Union Home Minister and Minister of Cooperation Shri Amit Shah has expressed gratitude to Prime Minister Shri Narendra Modi for the Cabinet decision to fix the FRP of sugarcane at ₹355 per quintal for year 2025-26 and approve 4-lane Greenfield National Highway from Mawlyngkhung in Meghalaya to Panchgram in Assam.

    On a post on X platform, Union Home Minister and Minister of Cooperation said that Modi Government’s gift to sugarcane farmers, this decision will benefit about 5 crore sugarcane farmers and their families as well as about 5 lakh workers employed in sugar mills

    Shri Amit Shah said that committed to the prosperity of sugarcane farmers and increasing their income, this decision by Modiji will make the lives of farmers even better and easier.

    In another post, Union Home Minister and Minister of Cooperation said that development of the Northeast has always been a top priority of the Modi government. He congratulated our sisters and brothers of the Northeast on the approval of the 4-lane Greenfield National Highway from Mawlyngkhung in Meghalaya to Panchgram in Assam. Shri Shah said that this decision will open a new fast lane of development for the Ashtalakshmi of Bharat by making transportation safer and seamless. He expressed gratitude to Prime Minister Shri Narendra Modi ji for this game-changing decision.

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    RK / VV / RR / PS

    (Release ID: 2125604) Visitor Counter : 79

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Parliamentary Affairs Ministry Observes Swachhata Pakhwada

    Source: Government of India

    Posted On: 30 APR 2025 5:39PM by PIB Delhi

    The Ministry of Parliamentary Affairs observed Swachhata Pakhwada from 16th to 30th April, 2025, as part of the Government of India’s flagship Swachh Bharat Mission, aimed at realizing Mahatma Gandhi’s dream of a clean and hygienic India. The “Swachhata Pakhwada” is a concept inspired by the Prime Minister’s vision. The Pakhwada was organized in accordance with the Calendar of Swachhata Pakhwada 2025 issued by the Cabinet Secretariat, Government of India.

    The observance commenced on 16th April 2025 with the administration of the Swachhata Pledge by Shri Umang Narula, Secretary, Ministry of Parliamentary Affairs, to all officers and other staff of the Ministry.

     

    [Shri Umang Narula, Secretary, Ministry of Parliamentary Affairs administering ‘Swachhata Pledge’ to officers/officials of the Ministry]

     

    Throughout the fortnight, various activities were carried out to promote cleanliness and sustainability within the Ministry premises, including:

    • Intensive cleanliness drives in office spaces,

    • Reviewing, recording, and weeding out of old physical files,

    • Identification of old and obsolete items for auction,

    • Cleaning of electrical switchboards, fans, and air conditioners,

    • Whitewashing and maintenance of office rooms.

    • Placing indoor plants to promote a green and clean office environment.

         

        [Cleanliness Drive]                                                  [Reviewing of  files]

     

        

    [cleaning of electrical fan/switch board]                           [whitewashing]

           

       

     

    [Placing of green plants]                 [Collection of old and obsolete electronic items for disposal]

     

    On 29th April, 2025, Secretary, MoPA, along with senior officers, conducted a cleanliness inspection of office premises. Following the assessment, three sections were ranked first, second, and third based on their Swachhata standards.

     

    [Secretary, MoPA inspecting Cleanliness in Sections]

    The Swachhata Pakhwada culminated in a Prize Distribution Ceremony where Shri Umang Narula, Secretary, Ministry of Parliamentary Affairs, recognized the top three Sections for their outstanding commitment to cleanliness.

    [Secretary, MoPA chairing closing ceremony of pakhwada]

     

     [Shri Umang Narula, Secretary, Ministry of Parliamentary Affairs giving swachhata prizes to officers/officials of winning Sections]

    The Secretary, MoPA, appreciated the enthusiastic participation of the Ministry’s employees, stressing that Swachhata should be a year-round personal and professional responsibility. The Secretary also emphasized the importance of digital cleanliness, including removing unwanted data to improve computer efficiency and longevity, alongside strong cybersecurity practices. The Ministry reaffirms its commitment to the Swachh Bharat Abhiyan and will continue promoting cleanliness and sustainability.

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    SS/ISA

    (Release ID: 2125513) Visitor Counter : 54

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Louisville Felon Pleads Guilty to Illegally Possessing Firearm

    Source: Office of United States Attorneys

    Louisville, KY – Yesterday, a Louisville felon pled guilty to illegally possessing a firearm.

    U.S. Attorney Michael A. Bennett of the Western District of Kentucky, Special Agent in Charge John Nokes of the ATF Louisville Field Division, and Chief Paul Humphrey of the Louisville Metro Police Department made the announcement.

    According to court documents, Dajuan Simonton, 31, pled guilty to illegal possession of a firearm by a convicted felon. According to the plea agreement, on January 12, 2022, Simonton unlawfully possessed a Glock, model 41 Gen4, .45 caliber handgun, and ammunition.

    Simonton is prohibited from possessing a firearm because he had previously been convicted of the following felony offenses.

    On January 14, 2019, in Jefferson Circuit Court, Simonton was convicted of 3 counts of receiving a stolen firearm.

    On January 14, 2019, in Jefferson Circuit Court, Simonton was convicted of complicity to possession of a controlled substance in the first degree – methamphetamine, complicity to receiving stolen firearm, and tampering with physical evidence.

    Simonton is scheduled for sentencing on August 5, 2025, before a United States District Judge for the Western District of Kentucky. Simonton is detained in federal custody pending sentencing. He faces a maximum sentence of 10 years in prison. The judge will determine the sentence after considering the sentencing guidelines and other statutory factors.

    There is no parole in the federal system.

    This case was investigated by the ATF Louisville Field Division and LMPD.

    Assistant U.S. Attorney Alicia P. Gomez is prosecuting this case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

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    MIL Security OSI –

  • MIL-OSI Economics: Press Briefing Transcript: Staff Level Agreement on the Fourth Review of the Sri Lanka’s Reform Program Supported by the IMF’s Extended Fund Facility Arrangement

    Source: International Monetary Fund

    April 29, 2025

    PARTICIPANTS: 

    EVAN PAPAGEORGIOU, Mission Chief for Sri Lanka, IMF

    PAVIS DEVAHASADIN, Communications Officer, IMF

    MARTHA TESFAYE WOLDEMICHAEL, Resident Representative in Sri Lanka, IMF

    *  *  *  *  * 

    DEVAHASADIN: I welcome you to the press conference on Sri Lanka, the Staff-Level Agreement of the Fourth Review of the economic program support by the EFF.  Today we have here Mr. Evan Papageorgiou, IMF Mission Chief for Sri Lanka.  He’s joined by Martha Woldemichael, IMF Representative in Sri Lanka. 

    Again, this is on the record.  The transcript will be available later.  We have a lot of people here, so we’re just going to start with Mr. Evan giving the brief remarks and then we move on to the Q&A session.  All right, Evan, over to you on the remarks.

    PAPAGEORGIOU: Yeah, thank you. Thank you, Pavis. Thank you also to Martha for being here.  And hello, everybody.  Good evening to those of you in Sri Lanka and good morning to the few folks here in Washington.  I thank you all for being here today.  I would have preferred to be with you in Colombo, but unfortunately this is not feasible this time.  We will have to talk through a screen. 

    By way of short introduction, as you heard, my name is Evan Papageorgiou.  I am the new Mission Chief for Sri Lanka for the IMF.  And some of you may know already that there has been a change in Mission Chief with this review, which is part of a routine rotation of people in the team.  I look forward to seeing some of you again.  I already had a chance to meet you a few weeks ago, or otherwise to meeting you all next time we’re in the country.  We had the opportunity to be in the country.  I led a team of economists visiting Colombo earlier this month, where we had productive discussions with the authorities.  These discussions continued here last week here in Washington, D.C., on the occasion of our Spring Meetings. 

    Okay.  So, as you may be aware, we have reached a staff-level agreement with Sri Lankan authorities on key economic policies, marking an important milestone toward concluding the Fourth Review of Sri Lanka’s reform program supported by the IMF’s Extended Fund Facility. 

    The staff-level agreement is contingent on two conditions.  First, the implementation of prior actions relating to restoring electricity cost-recovery pricing and ensuring proper function of the automatic electricity price adjustment mechanism.  And second, the usual completion of financing assurances review by multilateral and bilateral partners.  After successful implementation of these conditions and approval from the IMF Executive Board, Sri Lanka will unlock approximately USD $344 million in financing.  This funding will be crucial as the country navigates the recovery from economic challenges. 

    We are now halfway through the four-year EFF program, and I’m very pleased to stand before you today to share significant development regarding Sri Lanka’s economic journey.  The performance of the reform program has remained strong overall.  Economic growth is on the rebound.  We are seeing advancements in revenue mobilization, reserve accumulation is proceeding, and structural reforms continue, and some of them are well underway. 

    Very important to note also that debt restructuring is nearly complete and the government’s commitment to program objectives remains steadfast, and we got new assurances of this as recently as last week.  However, we must also acknowledge the significant downside risks posed by global trade policy uncertainty.  Should these risks materialize, we are prepared to work collaboratively with the authorities to assess their impact and formulate appropriate policy responses within the framework of the IMF-supported program.

    The country’s achievements under the ambitious reform agenda have been commendable.  The rebound in growth, for example, 5 percent year-on-year real growth in 2024, is a testament to the country’s resilience and determination and remarkable turnaround.  Furthermore, there has been significant improvement in the revenue performance, with revenue to the GDP climbing to 13.5 percent in 2024 from 8.2 percent in 2022.  Gross official reserves have also risen to $6.5 billion in end of March 2025, given the very good and strong FX purchases by the Central Bank of Sri Lanka.

    Now, as we move forward, it is essential that the government continues to prioritize sustained revenue mobilization efforts and prudent budget execution.  These measures are vital in preserving and continuing to build fiscal space and ensuring that there is room to respond to any shocks that may arise.  To that end, restoring cost-recovery electricity pricing is essential to minimize fiscal risks and enable appropriate electricity infrastructure and investments. 

    The tax exemption framework should be well designed to reduce fiscal costs and corruption risks while at the same time enabling necessary growth for the country.  Reforms to boost tax compliance are important to deliver revenue gains without resorting to additional tax measures. 

    We also recognize the critical responsibility of the government to protect the most vulnerable members of society during these uncertain times.  Improving the targeting adequacy of social safety nets will be a priority as they strive to provide support where it’s needed the most. 

    In conclusion, the sustained commitment of the government to the program objectives is commendable.  It ensures continuity and puts Sri Lanka on a path to continuing success and strong recovery.  We are determined to continue working with the authorities to safeguard their hard-won gains and pave the way forward towards robust and inclusive growth.  Thank you for your attention.  Martha and I look forward to your questions.  Thank you.  Pavis, back to you. 

    DEVAHASADIN: Thank you, Evan. We now move on to the Q&A section. But before we begin, I would like to say that for those who just joined, this session is being recorded.  Therefore, the transcript will be posted later, and otherwise we move on to the Q&A, and I just want to remind you to keep your questions short because we have a full house so we can give opportunity to other participants as well and stay on topic.  We can also follow up with you afterwards.  But please be mindful that we are discussing the SLA – the Fourth Review, today. 

    May I call — actually I saw your hand was up earlier, and then you put it down.  May I call you for the first question from Economy Next?

    QUESTIONER: Thank you.  Yes, my question is there has been some delay on the restructuring.  How concerned is the IMF on SOE restructuring?

    DEVAHASADIN: On the restructuring, debt restructuring, right?

    QUESTIONER: SOE.

    DEVAHASADIN: SOE.

    QUESTIONER: state-owned enterprise, yeah. 

    DEVAHASADIN: Okay. Anyone else on state-owned enterprise? And you can also just jump in.  I see some hands up, but I’m not sure if those participants are talking about — would like to talk about SOE, but otherwise we want to take questions on SOE first. 

    QUESTIONER: If I may add on the SOEs?  Just to add to that, specifically about Sri Lankan Airlines.  How concerned are you about Sri Lankan Airlines?  Because this is something that has been discussed for several years with a lot of other people as well as with the IMF.  Thank you. 

    DEVAHASADIN: Okay. Thank you so much.

    PAPAGEORGIOU: Yes, thank you. These are good questions. So let me start in general to make some points. 

    So under the program there has been, in general, commitment by the government from the beginning of the program until now to strengthen the governance of SOEs, to get to the bottom of their outstanding debt and resolving legacy debt that they — that’s out there — and implementing those that’s relevant to implementing cost recovery pricing to ensure that they remain financially viable.  These are all very important conditions because they will reduce fiscal risks to the government, to the states, and avoid that they become a burden for public finances, ultimately taxpayers, and all Sri Lankans. 

    So, within those commitments, it’s important to highlight a few that, under the program, these include also containing risks from the guarantees issued to SOEs.  For example, the EFF program includes indicative targets, which are setting ceilings on total and foreign currency treasury guarantees for SOEs.  Another condition is to refrain from new FX borrowing by non-financial state-owned enterprises that already have limited FX revenue so that we don’t introduce more wrong-way risk into these entities.  And also, another one, obviously very important one, is making SOEs more transparent.  You may be aware that we have been advocating and mandating to publishing audited financial statements for the 52 largest SOEs in a timely manner, and that will help bring more light and greater scrutiny. 

    It is also important to ensure that consumers of services of these SOEs receive the best value for the price they pay.  And obviously, that relates to a wider range of SOEs, including also the electricity and the fuel sector.  And this is the same thing as you would expect from a private company.  In other words, you would want SOEs run in the most efficient manner purely on commercial basis and ensuring that they are dependable and, of course, that they are free of corruption.  That is greater big disclosure, good disclosure to that extent. 

    There was a question on Sri Lankan Airlines.  So, we understand that the authorities are underway in preparing a medium-term strategic plan to restore Sri Lankan Airlines’ operational viability and to resolve its legacy debt.  We know that the current budget, the 2025 budget, has set aside 20 billion rupees to pay off some of the debt of the airline.  And we are also aware that Sri Lankan Airlines has also hired a financial advisor to restructure its international bond.  So, these are all steps in the right direction.  But we think these need to pick up pace and take up a little bit faster pace so we can have a good resolution of all these outstanding issues.  So, in general with SOEs, we think there is a way forward, and we want to see more progress there. 

    Thank you.  That was a good question.  Pavis, back to you. 

    DEVAHASADIN: Thank you, Evan. We have hands up.

    QUESTIONER: Thank you, Pavis, and thank you, Evan, for your presentation.  From News 1st here.  The conditions of the Fourth Review include implementing fire actions related to electricity cost-recovery pricing and ensuring that the automatic electricity price adjustment mechanism functions properly.  In your meetings with the government, do you see this realizing anytime soon?  Because according to the statement that was released earlier, it says that this condition is yet to be met.  Thank you. 

    PAPAGEORGIOU: Thank you. Thank you, I don’t know if — should we take another question? Maybe related to electricity to bunch them up a little bit? 

    DEVAHASADIN: Yep. Anyone else on electricity just come in please.

    QUESTIONER: What we expected the timeline to complete the required by actions such as electricity pricing and financing assurance for Board approval?

    QUESTIONER: I have also question on electricity.  Now, the current problem seems to have been coming from, because of a price cut by the regulator, which the utility didn’t ask for.  So, is there any attempt to give technical assistance or something so that the way the regulator calculates the profits or how they deal with the price proposal of the utility is improved so that this kind of thing doesn’t happen again?

    PAPAGEORGIOU: Thank you for the question. Let me first say that the issue of electricity is one where both the government and us see eye to eye, and there’s strong commitment in seeing these reforms take place because, as you know very well, electricity and dependability of electricity and the high price of electricity have been an issue for a very long time in Sri Lanka. So, government is committed to seeing, to taking the reforms and owning those reforms and making significant progress. 

    So yes, during the review mission discussions that we had in Colombo earlier in April, earlier this month, and here in Washington last week, we discussed many issues.  Our assessment is as early as back in February, when we went to the Board for our Third Review, our assessment of the time, and still is the same, is that the continuous structural benchmark on electricity cost recovery pricing is still not met.  And that means that the price of the tariff – it does not match, does not create enough of an ability for the utility, for the CEB, to be able to meet its costs, the generation costs, and transmission and distribution. 

    In addition to that, the automatic tariff adjustment mechanism based on the bulk supply transaction account, the BSTA, has not operated as we envisaged.  And the April tariff revision that was meant to take place in the second quarter of this year was not implemented.  So as a result of that, given the criticality of electricity cost recovery and under the program, we have proposed, IMF has proposed, the introduction of prior actions relating to restoring electricity cost-recovery pricing and ensuring proper function of the automatic electricity price adjustment mechanism, the BSTA, that I mentioned a few moments ago. 

    The implementation of these prior actions is an important milestone as a requisite, if you will, for the completion of the Fourth Review.  And in terms of the timing; there was a question — of course, we defer to the authorities and to the regulator, the PUCSL, on the exact timing for implementing these actions, these prior actions. But we urge them to do so as soon as possible so that the utility company, CEB, is not incurring financial losses on a forward-looking basis.  In other words, we should avoid, the authorities should avoid, a situation where debt is building up at the CEB, so that the utility company does not become again a significant contingent liability to the government and a burden to the taxpayer. so, it doesn’t become a fiscal drought. 

    I think this is well understood by the authorities.  It has been explained time and time again.  It’s a core pillar of the program that once it is resolved and properly held, it will help fiscal sustainability, and it will make electricity price generation more dependable.  And down the road this will allow for more stability, for more investment, and for the necessary steps to see electricity prices coming down. 

    Hopefully that answers your question, but I’m happy to follow up on anything else.  Thank you.  Pavis, back to you. 

    DEVAHASADIN: Thank you, Evan.

    QUESTIONER: I don’t think my question about whether you consider technical assistance to the regulator was answered.  I also have another question if you can answer. 

    PAPAGEORGIOU: Sure, sure. So yeah, thank you. There’s no technical assistance at the moment in terms of the electricity price generation or any other issues related to this.  In general, the energy policy and the policy for the energy sector, we think the pillars are — there should be a cost reflective energy pricing which is a building block of the program, and we think that within that there should be a greater stability, but it will allow for more reforms. 

    So now we know we understand that there are some proposed amendments to the Electricity Act that are underway, and these are expected to reflect the authority’s strategy to reform the electricity sector.  We understand also there is an intention to have unbundling of generation of transmission and distribution of power.  We obviously take note that there has been action and proposals for greater investment, including also for solar energy projects.  Again, we’re not advising exactly on these issues, but we look forward to seeing more. 

    Now, of course, on the strategy that should be supported by the key stakeholders.  I know that other multilateral, several development partners such as the World Bank and ADB are closely involved on electricity, and they are providing technical assistance to Sri Lanka. 

    So I think that goes to your point. Did you have another question as well? 

    QUESTIONER: Yes.  Regarding the — can you give us any idea about the timing of the review that might take place?  And also, when you said, policy responses that may be needed to meet the tariff problem, what kind of things were you thinking on?  Is it likely to jeopardize the targets and were you planning to give any waivers or what kind of policy responses?

    PAPAGEORGIOU: When you say tariffs do you mean not electricity tariffs, you mean export tariffs, right?

    QUESTIONER: No, no, sorry.  You said because of the tariff shock, from possible tariffs from the U.S. 

    PAPAGEORGIOU: Yes, that’s right.

    DEVAHASADIN: U.S. tariffs.

    QUESTIONER: Yeah.  So then that Sri Lanka might have to do some policy responses.  What kind of policy responses were you thinking?  And also, it jeopardizes the targets in the IMF performance criteria, will they be kind of given waivers? 

    PAPAGEORGIOU: Thank you.

    DEVAHASADIN: Before you begin, I would like to read this question. How do you see the impact U.S. labor tariff on Sri Lanka’s ability to secure and sustain the SLA with global partners?

    PAPAGEORGIOU: Yeah, great. Thank you; these are good questions. In terms of the timing, obviously things are still underway.  This is only a staff-level agreement, which means we have agreed on principle on many things of the underlying Fourth Review and conditions of the prior actions that I mentioned a few minutes ago.  I think there’s good momentum from the authorities’ and everybody else’s point of view in completing the review.  That takes a little while because we understand a lot of these issues are still being discussed and there is more work to be done, both from the authority side and from our side as well.  It’s a long process, as you probably know, in terms of us consulting and redrawing our numbers and our assumptions and having a great confidence in the direction of policy reforms and of the outlook and everything else.  I would say that it will take a little while, maybe a couple more months at least, in terms of finalizing the review.  So hopefully in two months’ time or so, by, let’s say, June, we should be able to have some more news for you on this front. 

    Now, on the issue of U.S. tariffs and how does it affect the country?  Obviously, as I mentioned, trade policy uncertainty is one of the issues that we have discussed quite extensively with the authorities on what could that mean for Sri Lanka’s economy and economic performance.  We know that, obviously, the authorities are committed to achieving program objectives and to see how the targets are being met.  They have also committed to addressing any sort of underperformance or deviation for program targets with remedial measures.  So, we think that we take this commitment very seriously, and we note their strong impetus for delivering on those. 

    Obviously, the global trade policy uncertainties, as I mentioned, is a significant risk.  All I can say at this point is that if these risks materialize, we will work with the authorities to assess the impact of those shocks, and we will support the country in formulating specific policy responses within the contours of the existing IMF program.  We have very frequent discussions with the authorities.  We were discussing, we were talking to them as recently as last Friday, as a few days ago.  We continue talking to them on a daily basis.  Martha talks to them on a constant basis.  And we continue conducting weekly monitoring meetings with the entire team, both here in Colombo as well, so that we can ensure that program performance remains on track. 

    This is all I can say for the moment, but it is very important to note also that the Sri Lankan authorities, the Sri Lankan government, have made great progress in establishing greater connection with bilateral trade partners, including the United States.  And we encourage more action and greater discussion in ensuring that there is a good outcome from these discussions and that the trade policy uncertainty gets resolved and there’s greater certainty. 

    DEVAHASADIN: Thank you. I just got the five minutes remaining warning. I would like to open the floor to anyone who hasn’t asked any questions.  Please feel free to jump in.  Otherwise, I’ll go back to the hand.  Anyone else who hasn’t asked any question?  Well, all right, I see one hand up.

    DEVAHASADIN: Thank you. We’ll come back to you.

    QUESTIONER: Thank you.  I just have a question.  It’s kind of a follow-up to Evan’s previous answer.  You talked about a very limited response that you can give talking about trade policy and the impact of the U.S. tariffs.  But you did say that Sri Lanka had expressed a sort of a commitment to work and work towards the targets it has agreed with the IMF.  But in the most recent weeks post those tariff announcements, targets, as much as you said that they have expressed a willingness to work within the framework – I think you said, within the contours of the agreement – has Sri Lanka expressed concerns about reaching those targets, particularly because these tariffs are believed broadly to have a potential impact on its export earnings?  Obviously, it’s foreign currency earnings and things like that.  So how much of a concern have you heard from the Sri Lankan authorities?  And what is the sort of leeway or the kind of flexibility that Sri Lanka would have within the agreement with the IMF?  I’m sure you have this with a lot of sort of your agreements, but, yeah, where Sri Lanka is concerned, how do you see it?  Thank you. 

    PAPAGEORGIOU: Thank you. That’s a good question. It follows through a little bit from my previous answer, as you said.  I don’t know, given that we don’t have much time, let me go ahead and answer this and maybe we can give five more minutes, Pavis, to other people to ask questions as well. 

    DEVAHASADIN: Sounds good.

    PAPAGEORGIOU: So, first of all, every review, now we’re on the Fourth Review, of the program is an opportunity to assess the economic developments, to review program targets, and to determine the reform agenda and the reform measures that the authorities plan for the period ahead. It just happened that in this review we have a significant trade policy shock. So, in these discussions, we’ve had an understanding of what are the concerns and what is the kind of shock.  And by the way, this is something that we also, as Fund staff, are trying to implement, to understand, to comprehend, and to put into our outlook. 

    So obviously, the 44 percent tariff on Sri Lanka that was announced on April 2nd would have a significant impact, and the authorities understand this very well.  The impact obviously will be on the apparel and rubber industries.  Obviously, as you know very well, these account for a very large share of the country’s exports to the United States.  I believe it’s almost three-quarters, or over 70 percent.  And also, the real sector implications of these are very important because these two sectors, apparel and rubber, employ a lot of workers, in Sri Lanka. Just the apparel industry alone is over 300,000 workers or 320,000 workers.  So, the 90-day pause that was announced has allowed the authorities to engage constructively with the United States.  And we take, take very positive note on this. 

    Now, within, in general, as I mentioned, the global trade policy uncertainty for any small open economy and definitely for Sri Lanka poses significant downside risks.  For these discussions, we understand, obviously, the issues that arise and how they should be baked into the program.  If there is any substantial risk that may pan out either on the back of tariffs or some other disruption, we will work with the authorities to incorporate them to assess their impact and put them into policy responses. 

    At this point, it will be a little premature of me to talk about specific issues, but we’ve had a lot of discussions, and we think that the authorities are doing the best they can to address these issues.  It’s important to also mention that here that any time is a good time for implementing more reforms for discussing greater options towards having more trade policy responses.  And we believe that Sri Lanka should continue exploring also additional ways in making its exports more marketable and appealing to a wider range of counterparts. 

    DEVAHASADIN: Thank you, Evan. I’ll give the final question. We are running out of time, but I think we have enough time for one last question.

    QUESTIONER: Thank you.  It’s about the tax revenues.  According to the 2025 budget, much of the tax revenue is expected from vehicle imports, and we have — from the dealers that of the vehicles have been imported in the last two months, about 75 percent have been sold.  Of course, even though 25 percent may not have been sold, still the government has got revenue for those because they have been cleared through customs. That is no issue, but it would probably have implications for future demand.  So, the market is sort of not as vibrant, as there doesn’t seem to be a huge pent-up demand.  How concerned are you that this one single item in the budget, which is sort of going to underpin tax revenue, may not materialize this year?  Thank you.  Thank you.

    PAPAGEORGIOU: So obviously the authorities have made significant progress on creating greater opportunities for revenue and for collecting more. You may very well know that the situation was far worse in terms of tax revenue, as I mentioned in my earlier remarks, as early as couple of years ago. So obviously there is definitely progress. On this year’s discussion,

    I think there is a lot of the progress; has been a positive one.  There has been greater progress towards ensuring more revenue that could be collected from a range of measures.  You mentioned very accurately that the lifting of the import ban on motor vehicles is a very, very important. I would say the primary measure underpinning the revenue package.  We saw that, also in the budget, it is expected to yield 1.2 percent of GDP in 2025.  And that’s about 80 percent of the 1.5 percent of GDP in all tax revenue.  So obviously, as you mentioned, this is very important to get right and to continue with the momentum. 

    We note from the latest data that we have monitoring and we’re getting is that there is actually a good momentum on those motor vehicle imports.  So as my latest data — I was trying to find them — from what I remember, there has been quite a lot of good increase in the letters of credit.  I believe it’s around USD $350 million that were open.  These are letters of credit that are attached to importing vehicles.  So, we think that the associated revenue that will be incurred from those imports is starting to come on pace, and that’s a very important and encouraging sign.  So, we look forward to seeing more. 

    Of course, I mentioned a moment ago as well that if there are signs that — that there is underperformance of revenues or if there is a revenue shortfall, we have discussed with the authorities, and they are committed to implementing contingency revenue measures, and this will go a long way in ensuring fiscal sustainability and greater revenue.  Thank you. 

    DEVAHASADIN: Thank you, Evan. Unfortunately, we’re at time. Before we close, Evan, do you have any parting words? 

    PAPAGEORGIOU: No, I thank you very much. I thank you all for being here. I look forward to continuing to engage with you, and Martha and I know that we have a great relationship with all of you and a frequent interaction.  We are happy to continue taking your questions.  We now are moving forward completing the Fourth Review in the next couple of months, so we will certainly communicate more as we get towards that goal.  We will also try to have another similar discussion and press conference at the end of that review if all goes well.  Let me just mention again that we are fully committed in supporting the economy and the Sri Lankan authorities, both in the current issues that they are facing and just more broadly on formulating the appropriate policy responses and the necessary form.  Thank you all very much for being here.  I wish I was in Colombo, but I look forward to seeing you again in the next few months.  Thank you. 

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    MIL OSI Economics –

  • MIL-OSI NGOs: Week 6 of “Dirty Dems” campaign highlights failures of Bakersfield legislators

    Source: Greenpeace Statement –

    BAKERSFIELD, CA (April 29, 2025)—As part of the ongoing “Dirty Dems” campaign, Greenpeace USA, in collaboration with the California Working Families Party and Courage California, continues to hold California State legislators accountable for their damaging connections to the oil and gas industry and their failure to support critical climate, economic justice, and progressive priorities.

    This week, the spotlight falls on Bakersfield – and two legislators who have continuously received failing grades from every major environmental and progressive scorecard across the state. Assemblymember Jasmeet Bains, who has accepted $54,000 from the oil and gas industry in just the last session alone, and Senator Melissa Hurtado, who has accepted $79,500 herself since 2018, have made a name for themselves through supporting corporate polluters instead of fighting for their communities. 

    Amy Moas, Ph.D., Greenpeace USA Senior Climate Campaigner, said: “Assemblymember Bains’s and Senator Hurtado’s behavior accepting dirty money, and then voting against policies that would have made their communities healthier and more resilient, is inexcusable. Bakersfield and its surrounding communities deserve elected leaders who are fighting for everyday, working families – not delaying protections that would keep people safe.”

    Assemblymember Jasmeet Bains – “Big Oil Bains” 

    Though Assemblymember Bains has only been in office for two full legislative sessions – and though she represents communities bearing the brunt of the toxic oil industry – she has repeatedly chosen not to protect the very people she was elected to represent. Assembly Member Bains was the only Democrat to choose corporate profits over protecting her constituents when she voted against a bill aimed at ensuring oil companies are not ripping off Californians in order to rake in historic profits (SBX1-2). During the same session, she also did the oil industry’s bidding by introducing a bill requiring an increase in toxic oil production in the state. 

    Some additional low points of Assembly Member Bains’ time in office include voting no on programs to lower air pollution and smog (AB 126) and skipping voting on a bill to monitor noxious pollutants in neighborhoods that have been linked to asthma and cancer (SB 674).  She also skipped a vote to mandate California speed up the plugging of the thousands of leaking idle wells throughout the state (AB 1866), as well as on a bill to incentivize the clean up of the low producing oil wells polluting the largest urban oil field in the country (AB 2716). Assembly Member Bains does not just vote down and skip votes on public health and environmental issues, however; she also skipped voting on a bill to improve the working conditions for janitorial labor in California (AB 2364). 

    Senator Melissa Hurtado

    Senator Hurtado’s contributions from Chevron, the California Independent Petroleum Association (CIPA), and one of California’s largest oil refiners, PBF Energy, show in her voting record. While it is common in the California Legislature for legislators to skip votes in order to avoid taking a stand on difficult bills, Senator Hurtado has one of the most up front and brazen records with her actual voting down numerous environmental justice and public health bills for the purpose of protecting the profits of her corporate donors. 

    Senator Hurtado’s time in office includes a series of low points. First, she voted no on one of the largest environmental justice priorities for more than a decade aimed at reducing pollution from oil drilling in neighborhoods (SB 1137), and voted no on multiple bills aimed at cleaning up toxic idle oil wells and ensuring taxpayers are not stuck with the bill (AB 1866 and AB 1167) – despite her district having more than 11,000 idle wells. Additionally, she voted against a bill to incentivize the cleanup of low producing wells in the largest urban oil field (AB 2716), and another to strengthen the enforcement measures for oil and gas regulations (AB 631). 

    Senator Hurtado has also pushed back against workers’ rights. She skipped voting on a number of other progressive priorities including a major labor priority bill in 2022 aimed at establishing a council to shape minimum wage and working conditions for fast food workers (AB 257), as well as a bill to end employment discrimination by outlawing forced arbitration agreements (AB 51). 

    Holding the Bakersfield Legislators Accountable

    Assemblymember Jasmeet Bains and Senator Melissa Hurtado are the eighth and ninth Dirty Dems to be named. They join a growing list of California’s elected officials who have repeatedly chosen to prioritize corporate donations over the well-being of their constituents. 

    Greenpeace USA is part of a global network of independent campaigning organizations that use peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future. Greenpeace USA is committed to transforming the country’s unjust social, environmental, and economic systems from the ground up to address the climate crisis, advance racial justice, and build an economy that puts people first. Learn more at www.greenpeace.org/usa.

    MIL OSI NGO –

  • MIL-OSI USA: The White House Council on Environmental Quality Establishes Permitting Innovation Center

    US Senate News:

    Source: The White House
    Today, the White House Council on Environmental Quality (CEQ) issued a memorandum to heads of Federal agencies establishing an interagency Permitting Innovation Center. The creation of the Permitting Innovation Center delivers on President Trump’s Memorandum, Updating Permitting Technology for the 21st Century, which directs the Federal government to leverage modern technology to effectively and efficiently conduct environmental reviews and evaluate permits for infrastructure projects of all kinds.
    Under President Trump’s leadership, the CEQ-led Permitting Innovation Center will consult with the National Energy Dominance Council (NEDC) and relevant permitting agencies to issue a Permitting Technology Action Plan that will provide technology guidance to agencies, while developing an initial National Environmental Policy Act (NEPA) data and technology standard.
    In addition, the Permitting Innovation Center will collaborate with the General Services Administration (GSA) to design and test prototype software systems for potential implementation by agencies pursuant to the Permitting Technology Action Plan.
    “The Trump Administration is making unprecedented progress toward modernizing permitting,” said Katherine Scarlett, Chief of Staff at the White House Council on Environmental Quality. “The establishment of the Permitting Innovation Center is a major milestone on the road to permitting reform and demonstrates this Administration’s commitment to expediting the environmental review and permitting process through emerging technologies, providing much needed efficiency and transparency for project sponsors.”
    “GSA’s Technology Transformation Services (TTS) is committed to advancing the President’s agenda by supporting the accelerated development and building of the Permitting Innovation Center,” said Thomas Shedd, Technology Transformation Services Director at General Services Administration. “We look forward to working across the agencies involved in this process, and leveraging our Presidential Innovation Fellowship program to ensure that each agency’s technology requirements are understood and met. TTS remains a preferred shared service provider of software and services to advance critical White House initiatives such as this one.”
    To read the Memorandum for Heads of Federal Departments and Agencies, “Establishment of Permitting Innovation Center,” click here.
    ICYMI:

    MIL OSI USA News –

  • MIL-OSI USA: Gillibrand, Cotton, Nadler, Bacon Introduce Bipartisan, Bicameral Legislation To Protect Organ Donors

    US Senate News:

    Source: United States Senator for New York Kirsten Gillibrand

    Today, U.S. Senators Kirsten Gillibrand (D-NY) and Tom Cotton (R-AR) introduced legislation to protect the rights of living organ donors. The Living Donor Protection Act would ensure living donors do not face discrimination from insurance companies, codify Department of Labor (DOL) guidance that covers living donors under the Family Medical Leave Act (FMLA) in the private and civil service, remove barriers to organ donation, and provide certainty to donors and recipients. Representatives Jerrold Nadler (D-NY) and Don Bacon (R-NE) lead this legislation in the House of Representatives.

    Currently, there are roughly 8,000 New Yorkers on the national transplant waiting list, with approximately 7,000 waiting for a kidney.In NYS, the average wait time for a kidney transplant is about five to six years, and during that time, many patients become too sick to receive a transplant or die. Nearly 500 New Yorkers die each year waiting for an organ transplant. Receiving an organ from a living donor can shorten this wait time and ultimately allow the best chance for long-term success. Unfortunately, studies have found that up to one in four living donors report discrimination in the rates and provision of life insurance and disability insurance, and they can struggle to receive time off from work to complete their donation and recovery. Reducing barriers to living organ donation and educating potential donors on the protections provided to them under law will help to promote living organ donation and save the lives of those waiting for a transplant.

    “It’s a tragedy that so many people die while waiting for life-saving organ donations. We must do more to remove the barriers that keep Americans from donating,” said Senator Gillibrand. “The Living Donor Protection Act would help ensure that the individuals who are willing to save someone’s life through an organ donation can do so without worrying that they’ll face insurance discrimination or that they could lose their job as they recover. I am proud to be introducing this bipartisan legislation and will keep fighting to finally get it passed.” 

    “Organ donors make an extraordinary sacrifice so someone else can have a new chance at life,” said Senator Cotton. “The Living Donor Protection Act would encourage more donors to step forward by protecting them from adverse consequences like denial of coverage and job loss.”

    “When an organ donor decides to donate one of their organs to someone else, they aren’t just saving someone’s life—they’re making one of the most selfless, difficult decisions anyone could ever make. The last thing they need in the midst of that challenging process is to be confronted by needless roadblocks or insurance discrimination,” said Representative Nadler. “These roadblocks can make it economically impossible for potential donors to make that choice and, simply put, they are costing lives. April is National Donate Life Month, and I’m proud to introduce the Living Donor Protection Act to bring awareness to this issue and knock down these needless barriers to lifesaving organ donation.”

    “Our state is fortunate to have Nebraska Medicine, which has a robust living donor kidney exchange program, performing more kidney chains which involves anonymous donors donating to someone without a compatible living donor, than almost any hospital nationwide. However, some living donors are discriminated against when it comes to rates and provision of life insurance and disability insurance,” said Representative Bacon. “They also don’t always receive adequate time to recover from the surgeries related to their selfless gift. This legislation will help open the doors to more living donors so we can save more lives.”

    The Living Donor Protection Act would protect living organ donors and promote organ donation by: 

    1) Prohibiting life, disability, and long-term care insurance companies from denying or limiting coverage and from charging higher premiums for living organ donors; 

    2) Amending the Family and Medical Leave Act of 1993 to specifically include living organ donation as a serious health condition for private and civil service employees; and 

    3) Directing the U.S. Department of Health and Human Services (HHS) to update its materials on live organ donation to reflect these new protections and encourage more individuals to consider donating an organ.

    The Living Donor Protection Act is cosponsored bySenators Cindy Hyde-Smith (R-MS), Ben Ray Luján (D-NM), Shelley Moore Capito (R-WV), Angus King (I-ME), Richard Blumenthal (D-CT), Tim Kaine (D-VA), Amy Klobuchar (D-MN), Jeff Merkley (D-OR), Sheldon Whitehouse (D-RI), Chris Coons (D-DE), Marsha Blackburn (R-TN), Pete Ricketts (R-NE), Thom Tillis (R-NC), Dick Durbin (D-IL), Jeanne Shaheen (D-NH), Tina Smith (D-MN), Ron Wyden (D-OR), and Mark Kelly (D-AZ).

    The Living Donor Protection Act is endorsed by Alport Syndrome Foundation, American Association of Kidney Patients, American Council of Life Insurers, American Heart Association, American Kidney Fund, American Liver Foundation, American Nephrology Nurses Association, American Society of Nephrology, American Society of Pediatric Nephrology, American Society of Transplant Surgeons, American Society of Transplantation, Dialysis Patient Citizens, Global Liver Institute, IGA Nephropathy Foundation, International Society of Glomerular Disease, Kidney Transplant Collaborative, National Kidney Foundation, the Nonprofit Kidney Care Alliance (NKCA), North American Transplant Coordinators Organization, Northwest Kidney Centers, the PKD Foundation, the Rogosin Institute, Sanofi, the United Network for Organ Sharing (UNOS), Transplant Recipients International Organization (TRIO), and Renal Physicians Association.

    “The selfless individuals who give the gift of life by donating a kidney should not face discrimination by life, long-term care, or disability insurers,” said LaVarne Burton, President and CEO of the American Kidney Fund. “This legislation would be a significant step in efforts to encourage more living donors and reduce the kidney transplant waiting list by providing the protections that living donors should receive for their lifesaving actions.”

    “The Living Donor Protection Act is a critical step forward in protecting those who make the selfless choice to save lives through organ donation,” said Kevin Longino, CEO of the National Kidney Foundation and a transplant recipient. “By removing barriers and ensuring donors don’t face discrimination, we can help address the national organ shortage crisis and save more lives. I thank Senators Cotton and Gillibrand, and Representatives Bacon and Nadler, for their leadership, and I strongly urge Congress to pass this vital legislation this year.”

    “With nearly 9,300 people in the U.S. waiting for a liver transplant right now, the need for living donors is great. Approximately 25% of people on the liver transplant list will die waiting due to lack of available organs. The Living Donor Protection Act is critical to helping level the playing field for living organ donors, ensuring that they are not discriminated against in obtaining life, disability or long-term care insurance and have job protections for medical leave after donation. We are so grateful to Senators Cotton and Gillibrand and Representatives Bacon and Nadler for stepping up for living organ donors and patients throughout the country,” said Lorraine Stiehl, CEO, American Liver Foundation and caregiver to a transplant patient.

    “ASN commends the re-introduction of the Living Donor Protection Act, critical legislation which will remove barriers that discourage living donors from providing the life-saving gift of a kidney transplant,” said ASN President Prabir Roy-Chaudhury, MD, PhD, FASN. “Americans who are considering becoming living donors deserve more support than the current system provides for them, and ASN believes the Living Donor Protection Act is a critical step to achieve this goal.”

    “As a pioneer in transplantation since performing New York State’s first living donor kidney transplant in 1963, The Rogosin Institute believes that kidney transplantation is the ideal treatment for patients with end-stage kidney disease,” said the Rogosin Institute. “We are proud to wholeheartedly endorse the Living Donor Protection Act removing barriers to donation such as insurance uncertainty and financial insecurity. Rogosin extends our thanks to the bipartisan members of Congress supporting this critical legislation. We thank Senators Gillibrand and Cotton and Congressmen Bacon and Nadler for championing the Living Donor Protection Act.”

    “As nonprofit dialysis providers, kidney transplant is an ideal outcome for many of our patients and legislation to protect and support living donors is critical to our patient-centered mission,” said Monica Massaro, Executive Director of NKCA.

    “Living organ donors save people’s lives and should be able to give the gift of life without fear of insurance discrimination or financial retribution, especially as they recover from surgery. The Living Donor Protection Act rightfully protects these selfless individuals from this,” said Maureen McBride, Ph.D., CEO of the United Network for Organ Sharing. “Thank you, Sens. Cotton and Gillibrand and Reps. Bacon and Nadler for your bipartisan leadership and for standing up for living organ donors.”

    “On behalf of the American Society of Transplantation (AST), representing a majority of the nation’s transplant professionals, our Society strongly applauds and endorses the re-introduction of the Living Donor Protection Act (LDPA),” said Dr. Jon Kobashigawa, President, American Society of Transplantation (AST). “AST is grateful for the ongoing and steadfast leadership of Senators Cotton, Gillibrand and Representatives Bacon and Nadler to protect transplant patients and strengthen living donation.  The LDPA is a patient-focused bill seeking to remove policy barriers that might otherwise prevent an individual from providing a lifesaving donor organ.  AST greatly appreciates this bipartisan, bicameral, and patient centric legislation. We look forward to working with you to advance the LDPA in this 119th Congress.”

    “Life insurers support helping more people access financial protection for themselves and their families,” said American Council of Life Insurers President and CEO David Chavern. “The Living Donor Protection Act lets organ donors access life, disability, or long-term care coverage while recognizing fair underwriting practices. It’s an important initiative that will protect those who save lives through organ donations.”

    “On behalf of all kidney patients, organ donors and American taxpayers, the American Association of Kidney Patients salutes U.S. Senators Tom Cotton and Kirsten Gillibrand and U.S. Representatives Don Bacon and Jerrold Nadler for introducing the bipartisan Living Donor Protection Act so that living organ donors will no longer face the Hobbesian choice of saving an innocent human life at the risk of losing insurance coverages that provide economic security and peace of mind to their families and loved ones. The time is now for America to transcend high-cost, high-mortality dialysis care as the default solution for people living with kidney failure and to encourage greater living organ donation and greater transplant opportunities for all Americans in need of a life-saving organ,” said Edward V. Hickey, III, President of the American Association of Kidney Patients.

    MIL OSI USA News –

  • MIL-OSI USA: SCHUMER CALLS ON EPA TO CUT RED TAPE AND STOP DELAYING CONTRACT FOR CANANDAIGUA TO PROTECT DRINKING WATER FOR 40,000 IN ONTARIO & WAYNE COUNTIES

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Schumer Secured $1.75M In Fed Funding For Canandaigua to Upgrade Drinking Water System To Remove Toxic Chemicals Linked To Liver And Kidney Damage And Cancer

    Despite Canandaigua Having All Its Paperwork In Order For Months, EPA Has Delayed Signing Final Agreement And If They Do Not Sign Off In Next 30 Days Construction Will Not Be Able To Begin As Planned

    Schumer: EPA Must Cut Red Tape To Protect Thousands Of Families And Seniors Across Rochester-Finger Lakes

    U.S. Senator Chuck Schumer today called on the U.S. Environmental Protection Agency (EPA) to cut through the red tape and stop delays to help the City of Canandaigua install crucial equipment to remove disinfection by-product (DBP) chemicals – which have been linked to health issues including liver and kidney damage and cancer – from the water supply. Schumer explained that last year he secured $1.75 million in federal funding for Canandaigua, but the EPA has been dragging its feet on signing off on the final agreement, which the city needs in the next 30 days so construction can start this fall as planned.

    “Every family and resident from Canandaigua to Walworth deserves access to clean and safe drinking water. I was proud to secure $1.75 million so Canandaigua can upgrade its drinking water system and eliminate harmful chemicals that have been linked to liver and kidney damage and cancer, but if the EPA doesn’t stop its delays the project can’t move forward. We need the EPA needs to cut the red tape and sign off on the final agreement so construction can start this fall as planned, not to do so risks both public health and good jobs,” said Senator Schumer. “Every day the EPA drags its feet it is jeopardizing the health and safety of over 40,000 New Yorkers across Ontario and Wayne Counties. I will always fight to keep New York’s drinking water clean and our communities safe and healthy.”

    Disinfection by-products (DBP) have recently been found in excess of the maximum contaminant level established by the EPA in the water of systems that have purchased the city’s water. Schumer secured $1.75 million in federal funding in the fiscal year 2024 Interior, Environment, and Related Agencies Appropriations Act to enable the City of Canandaigua to install a new aeration system into its three water storage tanks that will eliminate the DPA chemicals. This system will specifically integrate aerators and mixers into the city’s water storage tanks to eliminate the harmful DBPs from the drinking water supply. These DBPs are formed when disinfectants, like chlorine, react with naturally occurring substances in the water which have known toxicity and carcinogenic impacts that have been linked to liver and kidney damage and cancer.

    Canandaigua City Manager John Goodwin said, “We appreciate Senator Schumer’s support to secure and obligate this federal funding that will ensure that the City will continue to be able to provide high quality and safe drinking water to not just city residents, but to residents in towns across Ontario and Wayne County.”

    The city needs the EPA to sign off on the final agreement so it has the funding it needs to go out to bid in the next 30 days and construction can start this fall as planned. Schumer in a letter to EPA Administrator Lee Zeldin explained this funding is key to improving water quality for approximately 40,000 New Yorkers in Canandaigua and surrounding communities across Ontario and Wayne Counties.

    Schumer’s letter to U.S. EPA Administrator Lee Zeldin can be found HERE or below:

    Dear Administrator Zeldin:

    I write to express my deep concern regarding the Environmental Protection Agency’s (EPA) unacceptable delay in finalizing the grant agreement necessary to release critical funding for the City of Canandaigua’s drinking water treatment system upgrade. This funding is essential to safeguard the health and safety of over 40,000 residents across Ontario and Wayne Counties, from Canandaigua itself to neighboring towns like Bristol, Hopewell, Farmington and Manchester and communities served by the Wayne County Water Authority like Macedon, Walworth, and Palmyra.

    I was proud to secure a bi-partisan $1.75 million Congressionally Directed Spending investment in fiscal year 2024 to enable Canandaigua’s installation of crucial equipment to remove hazardous disinfection byproducts from the public water supply – chemicals which are known to cause serious health issues, including liver and kidney damage, as well as cancer. This project, developed through collaboration between city officials and state regulators, directly responds to urgent mandates to improve water quality and protect public health.

    Now, despite the clear congressional intent and urgent public health need, the City of Canandaigua is facing severe uncertainty. The City must go out to bid within the next 30 days in order to begin design and construction this fall and stay on track to deliver safe, clean drinking water to its residents. Yet, EPA’s persistent delays in approving the final agreements threaten to derail this delicate timeline, jeopardizing both the health of thousands of New Yorkers and the public’s trust in federal responsiveness.

    The EPA’s delay in obligating this funding is unacceptable and is placing entire communities at risk. Every day that passes without final approval raises the risks to public health, increases potential project costs, and undermines the ability of responsible municipalities to deliver safe and essential drinking water services to local residents, farms, businesses, and organizations.

    Therefore, I urge EPA to immediately approve the final grant agreement and release the $1.75 million funding to allow the City of Canandaigua to move forward without delay. The lives, health, and well-being of tens of thousands of Upstate New Yorkers depend on swift and decisive action.

    I stand ready to work with you to resolve any outstanding issues, but make no mistake: delay is not an option. The residents of Ontario and Wayne Counties deserve safe drinking water, and they deserve it without obstruction.

    MIL OSI USA News –

  • MIL-OSI USA: SCHUMER, GILLIBRAND, MANNION SLAM RUMORED ‘DOGE’ CUTS TO DFAS ROME WORKFORCE, DEMAND DEPARTMENT OF DEFENSE IMMEDIATELY REVERSE COURSE & PROTECT THE MOHAWK VALLEY WORKERS VITAL TO AMERICA’S MILITARY…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Nearly 100 Full-Time DFAS Rome Workers Have Already Left Amid ‘DOGE’ Chaos, And ‘DOGE’ Has Already Targeted Nearly 100 Probationary Workers To Be Fired, Which Is Currently Under Litigation  – In Total, This Would Slash DFAS Rome Workforce By Over 20%, With More Rumored Cuts Still On Horizon

    DFAS Rome’s Civilian Workforce Manages All Financial Services for Military Operations, Providing Defense Department And Our Troops With Mission-Critical Accounting Services, Logistical Support, And More

    Schumer, Gillibrand, Mannion: Protecting DFAS Rome Is Essential To Supporting Our Brave Warfighters And Their Families

    Amid ‘DOGE’ chaos and cuts impacting hundreds of workers at DFAS Rome, U.S. Senator Chuck Schumer, U.S. Senator Kirsten Gillibrand, and U.S. Congressman John Mannion urged the U.S. Department of Defense to preserve the civilian workforce at DFAS Rome, as they are vital to supporting the DOD and the brave men and women of our armed forces, including warfighters.

    Schumer said that, “’DOGE’ needs to get their hands off DFAS Rome. The world-class workers at DFAS Rome support America’s Armed Forces, and protecting the DFAS Rome workforce is vital to protecting our national security, our troops and the Mohawk Valley economy.”

    “‘DOGE’s shoot-first-and-ask-questions-later approach to DFAS Rome’s workforce will undermine their ability to effectively execute its vital mission in support of our Armed Forces and the DOD. DFAS in Rome is not only vital to the Department of Defense but also to the City of Rome and Mohawk Valley’s economy. This proposal would hurt every level of our Armed Forces, undermine America’s national security, and hurt the Mohawk Valley community,” said Senator Schumer. “I am all for cutting out inefficiency, but you use a scalpel, not a chainsaw. You don’t fire hardworking Americans, like those at DFAS, who have dedicated their careers to supporting our military servicemembers, families, and all DoD operations. The civilian workforce of DFAS Rome is not ‘government waste’ – they are what makes America great. That’s why I’m demanding the Department of Defense oppose and immediately reverse any plans to reduce DFAS Rome’s civilian workforce.”

    “DFAS employees in Rome and across the country provide mission-critical support to every level of our armed forces,” said Senator Gillibrand. “Firing these workers will jeopardize our national security, harm Rome’s economy, and make it more difficult for servicemembers, veterans, retirees, and military families to resolve payroll issues and get the health and retirement benefits they’ve earned. I’m urging the Department of Defense to immediately reverse its plans to cut DFAS employees, and I will stand steadfast in my commitment to protect these crucial workers.”

    Representative John W. Mannion said, “DFAS was created to bring consistency and accountability to the Department of Defense’s financial operations—critical principles it continues to uphold every day in service to our warfighters, their families, and American taxpayers. Workforce reductions at DFAS Rome undermine this mission and threaten jobs that are vital to the Mohawk Valley economy. These cuts are unnecessary and contradict our shared commitment to a responsive, effective, and fully supported Department of Defense.”

    DFAS / AFGE President Edward Abounader said, “For over 20 years Senator Schumer has been a staunch advocate for DFAS Rome and its employees, and we deeply appreciate his continued support alongside Senator Gillibrand and Congressman Mannion. With our workforce already down hundreds of employees and additional cuts on the horizon, it’s time for all of us to come together and fight to protect DFAS Rome before it’s too late. On behalf of the hard-working employees at DFAS Rome and DFAS locations across the country, I would like to thank our Senator Schumer, Senator Gillibrand and Congressman Mannion for standing up for the critical work we do to assist our Nations Warfighters through diligent fiscal oversight as the premier Government Working Capital Fund for the Department of Defense.”

    According to local representatives tied to DFAS Rome, ‘DOGE’ is actively attempting to cut around 100 full-time DFAS Rome workers because of their probationary status, but those workers are currently still on the jobs because of pending litigation. Since ‘DOGE’ has begun their plans to cut the federal workforce, 60 people at DFAS Rome have taken the ‘fork in the road’ offer for early retirement, while an approximately additional 40 have resigned since February amid fear of the impact ‘DOGE’ would have on their jobs. DFAS Rome is currently unable to replace any of this lost workforce because of the ongoing federal hiring freeze, and according to local representatives tied to DFAS Rome given the ongoing ‘DOGE’ chaos they expect to lose more workers to resignations and retirements.

    Even worse, there is also concerns of rumored even deeper cuts under consideration, as well as an attack on the DFAS union’s Master Collective Bargaining Agreement, which could put hundreds of additional workers at risk and create an existential threat to the future of DFAS Rome.

    The lawmakers in a letter to the U.S. Department of Defense explained these firings and inability to hire new workers would cripple a significant portion of DFAS Rome’s 1,100+ workforce, most of whom are civilians. DFAS Rome’s civilian workforce provides mission-critical financial services and logistical support to our Armed Forces and every element of DoD operations, from facilities sustainment and foreign military sales (FMS) to forward deployment. The lawmakers explained that DFAS Rome provides support services directly to servicemembers and their families, such as payroll, benefits enrollment, and reimbursement for travel related to deployment or Permanent Change of Station (PCS) for active duty servicemembers.

    The lawmakers added that the first round of cuts carried out by DOGE and DoD earlier this year has already set several of DFAS Rome’s operational cells responsible for providing these support functions—including the call center and travel section—on a trajectory towards mission failure. The impacts of these cuts will inevitably impose additional burdens and stress factors on our military servicemembers and their families that are otherwise avoidable, and will ultimately degrade readiness, recruitment, and retention among our Armed Forces.

    Schumer and Gillibrand have a long history of fighting to preserve jobs at Rome’s DFAS. Last year, the senators helped protect hundreds of DFAS employees in Rome from job displacement caused by automation and “rapid deployment” of bots. In 2020, the senators secured language in the FY2021 NDAA increasing Congressional oversight over DFAS personnel changes and adding additional protection for DFAS employees by requiring DoD to justify that proposed changes would yield significant cost savings before transitioning any functions that would result in the reduction or transfer of DFAS employees. In 2018, the senators went to bat for DFAS in the Senate, successfully ensuring that the Senate NDAA did not contain the 25% cut to agencies that employ civilian workers the House version did. In doing so, the Senators saved approximately 200 DFAS jobs. In 2017, after years of advocacy, the senators announced that a US Army pilot program jeopardizing over 1000 DFAS Rome jobs had concluded and there would be no changes or layoffs. Those advocacy efforts included FY2015 NDAA language requiring the Army Secretary to certify benefit prior to transferring functions away from DFAS, a personal call from Schumer to Army Secretary John McHugh, and a joint letter with Senator Gillibrand to Secretary McHugh.

    The Defense Finance and Accounting Service was created in 1991 to standardize and improve accounting and financial operations for DoD. They provide payroll services for DoD military and civilian personnel, retirees and other major contractors and vendors. DFAS operates as a separate and unique entity in DoD, to ensure transparency and accountability on behalf of DoD financing and accounting.

    Schumer, Gillibrand, and Mannion’s letter to U.S. Department of Defense Secretary Hegseth can be found HERE.

    MIL OSI USA News –

  • MIL-OSI Russia: Press Briefing Transcript: Staff Level Agreement on the Fourth Review of the Sri Lanka’s Reform Program Supported by the IMF’s Extended Fund Facility Arrangement

    Source: IMF – News in Russian

    April 29, 2025

    PARTICIPANTS: 

    EVAN PAPAGEORGIOU, Mission Chief for Sri Lanka, IMF

    PAVIS DEVAHASADIN, Communications Officer, IMF

    MARTHA TESFAYE WOLDEMICHAEL, Resident Representative in Sri Lanka, IMF

    *  *  *  *  * 

    DEVAHASADIN: I welcome you to the press conference on Sri Lanka, the Staff-Level Agreement of the Fourth Review of the economic program support by the EFF.  Today we have here Mr. Evan Papageorgiou, IMF Mission Chief for Sri Lanka.  He’s joined by Martha Woldemichael, IMF Representative in Sri Lanka. 

    Again, this is on the record.  The transcript will be available later.  We have a lot of people here, so we’re just going to start with Mr. Evan giving the brief remarks and then we move on to the Q&A session.  All right, Evan, over to you on the remarks.

    PAPAGEORGIOU: Yeah, thank you. Thank you, Pavis. Thank you also to Martha for being here.  And hello, everybody.  Good evening to those of you in Sri Lanka and good morning to the few folks here in Washington.  I thank you all for being here today.  I would have preferred to be with you in Colombo, but unfortunately this is not feasible this time.  We will have to talk through a screen. 

    By way of short introduction, as you heard, my name is Evan Papageorgiou.  I am the new Mission Chief for Sri Lanka for the IMF.  And some of you may know already that there has been a change in Mission Chief with this review, which is part of a routine rotation of people in the team.  I look forward to seeing some of you again.  I already had a chance to meet you a few weeks ago, or otherwise to meeting you all next time we’re in the country.  We had the opportunity to be in the country.  I led a team of economists visiting Colombo earlier this month, where we had productive discussions with the authorities.  These discussions continued here last week here in Washington, D.C., on the occasion of our Spring Meetings. 

    Okay.  So, as you may be aware, we have reached a staff-level agreement with Sri Lankan authorities on key economic policies, marking an important milestone toward concluding the Fourth Review of Sri Lanka’s reform program supported by the IMF’s Extended Fund Facility. 

    The staff-level agreement is contingent on two conditions.  First, the implementation of prior actions relating to restoring electricity cost-recovery pricing and ensuring proper function of the automatic electricity price adjustment mechanism.  And second, the usual completion of financing assurances review by multilateral and bilateral partners.  After successful implementation of these conditions and approval from the IMF Executive Board, Sri Lanka will unlock approximately USD $344 million in financing.  This funding will be crucial as the country navigates the recovery from economic challenges. 

    We are now halfway through the four-year EFF program, and I’m very pleased to stand before you today to share significant development regarding Sri Lanka’s economic journey.  The performance of the reform program has remained strong overall.  Economic growth is on the rebound.  We are seeing advancements in revenue mobilization, reserve accumulation is proceeding, and structural reforms continue, and some of them are well underway. 

    Very important to note also that debt restructuring is nearly complete and the government’s commitment to program objectives remains steadfast, and we got new assurances of this as recently as last week.  However, we must also acknowledge the significant downside risks posed by global trade policy uncertainty.  Should these risks materialize, we are prepared to work collaboratively with the authorities to assess their impact and formulate appropriate policy responses within the framework of the IMF-supported program.

    The country’s achievements under the ambitious reform agenda have been commendable.  The rebound in growth, for example, 5 percent year-on-year real growth in 2024, is a testament to the country’s resilience and determination and remarkable turnaround.  Furthermore, there has been significant improvement in the revenue performance, with revenue to the GDP climbing to 13.5 percent in 2024 from 8.2 percent in 2022.  Gross official reserves have also risen to $6.5 billion in end of March 2025, given the very good and strong FX purchases by the Central Bank of Sri Lanka.

    Now, as we move forward, it is essential that the government continues to prioritize sustained revenue mobilization efforts and prudent budget execution.  These measures are vital in preserving and continuing to build fiscal space and ensuring that there is room to respond to any shocks that may arise.  To that end, restoring cost-recovery electricity pricing is essential to minimize fiscal risks and enable appropriate electricity infrastructure and investments. 

    The tax exemption framework should be well designed to reduce fiscal costs and corruption risks while at the same time enabling necessary growth for the country.  Reforms to boost tax compliance are important to deliver revenue gains without resorting to additional tax measures. 

    We also recognize the critical responsibility of the government to protect the most vulnerable members of society during these uncertain times.  Improving the targeting adequacy of social safety nets will be a priority as they strive to provide support where it’s needed the most. 

    In conclusion, the sustained commitment of the government to the program objectives is commendable.  It ensures continuity and puts Sri Lanka on a path to continuing success and strong recovery.  We are determined to continue working with the authorities to safeguard their hard-won gains and pave the way forward towards robust and inclusive growth.  Thank you for your attention.  Martha and I look forward to your questions.  Thank you.  Pavis, back to you. 

    DEVAHASADIN: Thank you, Evan. We now move on to the Q&A section. But before we begin, I would like to say that for those who just joined, this session is being recorded.  Therefore, the transcript will be posted later, and otherwise we move on to the Q&A, and I just want to remind you to keep your questions short because we have a full house so we can give opportunity to other participants as well and stay on topic.  We can also follow up with you afterwards.  But please be mindful that we are discussing the SLA – the Fourth Review, today. 

    May I call — actually I saw your hand was up earlier, and then you put it down.  May I call you for the first question from Economy Next?

    QUESTIONER: Thank you.  Yes, my question is there has been some delay on the restructuring.  How concerned is the IMF on SOE restructuring?

    DEVAHASADIN: On the restructuring, debt restructuring, right?

    QUESTIONER: SOE.

    DEVAHASADIN: SOE.

    QUESTIONER: state-owned enterprise, yeah. 

    DEVAHASADIN: Okay. Anyone else on state-owned enterprise? And you can also just jump in.  I see some hands up, but I’m not sure if those participants are talking about — would like to talk about SOE, but otherwise we want to take questions on SOE first. 

    QUESTIONER: If I may add on the SOEs?  Just to add to that, specifically about Sri Lankan Airlines.  How concerned are you about Sri Lankan Airlines?  Because this is something that has been discussed for several years with a lot of other people as well as with the IMF.  Thank you. 

    DEVAHASADIN: Okay. Thank you so much.

    PAPAGEORGIOU: Yes, thank you. These are good questions. So let me start in general to make some points. 

    So under the program there has been, in general, commitment by the government from the beginning of the program until now to strengthen the governance of SOEs, to get to the bottom of their outstanding debt and resolving legacy debt that they — that’s out there — and implementing those that’s relevant to implementing cost recovery pricing to ensure that they remain financially viable.  These are all very important conditions because they will reduce fiscal risks to the government, to the states, and avoid that they become a burden for public finances, ultimately taxpayers, and all Sri Lankans. 

    So, within those commitments, it’s important to highlight a few that, under the program, these include also containing risks from the guarantees issued to SOEs.  For example, the EFF program includes indicative targets, which are setting ceilings on total and foreign currency treasury guarantees for SOEs.  Another condition is to refrain from new FX borrowing by non-financial state-owned enterprises that already have limited FX revenue so that we don’t introduce more wrong-way risk into these entities.  And also, another one, obviously very important one, is making SOEs more transparent.  You may be aware that we have been advocating and mandating to publishing audited financial statements for the 52 largest SOEs in a timely manner, and that will help bring more light and greater scrutiny. 

    It is also important to ensure that consumers of services of these SOEs receive the best value for the price they pay.  And obviously, that relates to a wider range of SOEs, including also the electricity and the fuel sector.  And this is the same thing as you would expect from a private company.  In other words, you would want SOEs run in the most efficient manner purely on commercial basis and ensuring that they are dependable and, of course, that they are free of corruption.  That is greater big disclosure, good disclosure to that extent. 

    There was a question on Sri Lankan Airlines.  So, we understand that the authorities are underway in preparing a medium-term strategic plan to restore Sri Lankan Airlines’ operational viability and to resolve its legacy debt.  We know that the current budget, the 2025 budget, has set aside 20 billion rupees to pay off some of the debt of the airline.  And we are also aware that Sri Lankan Airlines has also hired a financial advisor to restructure its international bond.  So, these are all steps in the right direction.  But we think these need to pick up pace and take up a little bit faster pace so we can have a good resolution of all these outstanding issues.  So, in general with SOEs, we think there is a way forward, and we want to see more progress there. 

    Thank you.  That was a good question.  Pavis, back to you. 

    DEVAHASADIN: Thank you, Evan. We have hands up.

    QUESTIONER: Thank you, Pavis, and thank you, Evan, for your presentation.  From News 1st here.  The conditions of the Fourth Review include implementing fire actions related to electricity cost-recovery pricing and ensuring that the automatic electricity price adjustment mechanism functions properly.  In your meetings with the government, do you see this realizing anytime soon?  Because according to the statement that was released earlier, it says that this condition is yet to be met.  Thank you. 

    PAPAGEORGIOU: Thank you. Thank you, I don’t know if — should we take another question? Maybe related to electricity to bunch them up a little bit? 

    DEVAHASADIN: Yep. Anyone else on electricity just come in please.

    QUESTIONER: What we expected the timeline to complete the required by actions such as electricity pricing and financing assurance for Board approval?

    QUESTIONER: I have also question on electricity.  Now, the current problem seems to have been coming from, because of a price cut by the regulator, which the utility didn’t ask for.  So, is there any attempt to give technical assistance or something so that the way the regulator calculates the profits or how they deal with the price proposal of the utility is improved so that this kind of thing doesn’t happen again?

    PAPAGEORGIOU: Thank you for the question. Let me first say that the issue of electricity is one where both the government and us see eye to eye, and there’s strong commitment in seeing these reforms take place because, as you know very well, electricity and dependability of electricity and the high price of electricity have been an issue for a very long time in Sri Lanka. So, government is committed to seeing, to taking the reforms and owning those reforms and making significant progress. 

    So yes, during the review mission discussions that we had in Colombo earlier in April, earlier this month, and here in Washington last week, we discussed many issues.  Our assessment is as early as back in February, when we went to the Board for our Third Review, our assessment of the time, and still is the same, is that the continuous structural benchmark on electricity cost recovery pricing is still not met.  And that means that the price of the tariff – it does not match, does not create enough of an ability for the utility, for the CEB, to be able to meet its costs, the generation costs, and transmission and distribution. 

    In addition to that, the automatic tariff adjustment mechanism based on the bulk supply transaction account, the BSTA, has not operated as we envisaged.  And the April tariff revision that was meant to take place in the second quarter of this year was not implemented.  So as a result of that, given the criticality of electricity cost recovery and under the program, we have proposed, IMF has proposed, the introduction of prior actions relating to restoring electricity cost-recovery pricing and ensuring proper function of the automatic electricity price adjustment mechanism, the BSTA, that I mentioned a few moments ago. 

    The implementation of these prior actions is an important milestone as a requisite, if you will, for the completion of the Fourth Review.  And in terms of the timing; there was a question — of course, we defer to the authorities and to the regulator, the PUCSL, on the exact timing for implementing these actions, these prior actions. But we urge them to do so as soon as possible so that the utility company, CEB, is not incurring financial losses on a forward-looking basis.  In other words, we should avoid, the authorities should avoid, a situation where debt is building up at the CEB, so that the utility company does not become again a significant contingent liability to the government and a burden to the taxpayer. so, it doesn’t become a fiscal drought. 

    I think this is well understood by the authorities.  It has been explained time and time again.  It’s a core pillar of the program that once it is resolved and properly held, it will help fiscal sustainability, and it will make electricity price generation more dependable.  And down the road this will allow for more stability, for more investment, and for the necessary steps to see electricity prices coming down. 

    Hopefully that answers your question, but I’m happy to follow up on anything else.  Thank you.  Pavis, back to you. 

    DEVAHASADIN: Thank you, Evan.

    QUESTIONER: I don’t think my question about whether you consider technical assistance to the regulator was answered.  I also have another question if you can answer. 

    PAPAGEORGIOU: Sure, sure. So yeah, thank you. There’s no technical assistance at the moment in terms of the electricity price generation or any other issues related to this.  In general, the energy policy and the policy for the energy sector, we think the pillars are — there should be a cost reflective energy pricing which is a building block of the program, and we think that within that there should be a greater stability, but it will allow for more reforms. 

    So now we know we understand that there are some proposed amendments to the Electricity Act that are underway, and these are expected to reflect the authority’s strategy to reform the electricity sector.  We understand also there is an intention to have unbundling of generation of transmission and distribution of power.  We obviously take note that there has been action and proposals for greater investment, including also for solar energy projects.  Again, we’re not advising exactly on these issues, but we look forward to seeing more. 

    Now, of course, on the strategy that should be supported by the key stakeholders.  I know that other multilateral, several development partners such as the World Bank and ADB are closely involved on electricity, and they are providing technical assistance to Sri Lanka. 

    So I think that goes to your point. Did you have another question as well? 

    QUESTIONER: Yes.  Regarding the — can you give us any idea about the timing of the review that might take place?  And also, when you said, policy responses that may be needed to meet the tariff problem, what kind of things were you thinking on?  Is it likely to jeopardize the targets and were you planning to give any waivers or what kind of policy responses?

    PAPAGEORGIOU: When you say tariffs do you mean not electricity tariffs, you mean export tariffs, right?

    QUESTIONER: No, no, sorry.  You said because of the tariff shock, from possible tariffs from the U.S. 

    PAPAGEORGIOU: Yes, that’s right.

    DEVAHASADIN: U.S. tariffs.

    QUESTIONER: Yeah.  So then that Sri Lanka might have to do some policy responses.  What kind of policy responses were you thinking?  And also, it jeopardizes the targets in the IMF performance criteria, will they be kind of given waivers? 

    PAPAGEORGIOU: Thank you.

    DEVAHASADIN: Before you begin, I would like to read this question. How do you see the impact U.S. labor tariff on Sri Lanka’s ability to secure and sustain the SLA with global partners?

    PAPAGEORGIOU: Yeah, great. Thank you; these are good questions. In terms of the timing, obviously things are still underway.  This is only a staff-level agreement, which means we have agreed on principle on many things of the underlying Fourth Review and conditions of the prior actions that I mentioned a few minutes ago.  I think there’s good momentum from the authorities’ and everybody else’s point of view in completing the review.  That takes a little while because we understand a lot of these issues are still being discussed and there is more work to be done, both from the authority side and from our side as well.  It’s a long process, as you probably know, in terms of us consulting and redrawing our numbers and our assumptions and having a great confidence in the direction of policy reforms and of the outlook and everything else.  I would say that it will take a little while, maybe a couple more months at least, in terms of finalizing the review.  So hopefully in two months’ time or so, by, let’s say, June, we should be able to have some more news for you on this front. 

    Now, on the issue of U.S. tariffs and how does it affect the country?  Obviously, as I mentioned, trade policy uncertainty is one of the issues that we have discussed quite extensively with the authorities on what could that mean for Sri Lanka’s economy and economic performance.  We know that, obviously, the authorities are committed to achieving program objectives and to see how the targets are being met.  They have also committed to addressing any sort of underperformance or deviation for program targets with remedial measures.  So, we think that we take this commitment very seriously, and we note their strong impetus for delivering on those. 

    Obviously, the global trade policy uncertainties, as I mentioned, is a significant risk.  All I can say at this point is that if these risks materialize, we will work with the authorities to assess the impact of those shocks, and we will support the country in formulating specific policy responses within the contours of the existing IMF program.  We have very frequent discussions with the authorities.  We were discussing, we were talking to them as recently as last Friday, as a few days ago.  We continue talking to them on a daily basis.  Martha talks to them on a constant basis.  And we continue conducting weekly monitoring meetings with the entire team, both here in Colombo as well, so that we can ensure that program performance remains on track. 

    This is all I can say for the moment, but it is very important to note also that the Sri Lankan authorities, the Sri Lankan government, have made great progress in establishing greater connection with bilateral trade partners, including the United States.  And we encourage more action and greater discussion in ensuring that there is a good outcome from these discussions and that the trade policy uncertainty gets resolved and there’s greater certainty. 

    DEVAHASADIN: Thank you. I just got the five minutes remaining warning. I would like to open the floor to anyone who hasn’t asked any questions.  Please feel free to jump in.  Otherwise, I’ll go back to the hand.  Anyone else who hasn’t asked any question?  Well, all right, I see one hand up.

    DEVAHASADIN: Thank you. We’ll come back to you.

    QUESTIONER: Thank you.  I just have a question.  It’s kind of a follow-up to Evan’s previous answer.  You talked about a very limited response that you can give talking about trade policy and the impact of the U.S. tariffs.  But you did say that Sri Lanka had expressed a sort of a commitment to work and work towards the targets it has agreed with the IMF.  But in the most recent weeks post those tariff announcements, targets, as much as you said that they have expressed a willingness to work within the framework – I think you said, within the contours of the agreement – has Sri Lanka expressed concerns about reaching those targets, particularly because these tariffs are believed broadly to have a potential impact on its export earnings?  Obviously, it’s foreign currency earnings and things like that.  So how much of a concern have you heard from the Sri Lankan authorities?  And what is the sort of leeway or the kind of flexibility that Sri Lanka would have within the agreement with the IMF?  I’m sure you have this with a lot of sort of your agreements, but, yeah, where Sri Lanka is concerned, how do you see it?  Thank you. 

    PAPAGEORGIOU: Thank you. That’s a good question. It follows through a little bit from my previous answer, as you said.  I don’t know, given that we don’t have much time, let me go ahead and answer this and maybe we can give five more minutes, Pavis, to other people to ask questions as well. 

    DEVAHASADIN: Sounds good.

    PAPAGEORGIOU: So, first of all, every review, now we’re on the Fourth Review, of the program is an opportunity to assess the economic developments, to review program targets, and to determine the reform agenda and the reform measures that the authorities plan for the period ahead. It just happened that in this review we have a significant trade policy shock. So, in these discussions, we’ve had an understanding of what are the concerns and what is the kind of shock.  And by the way, this is something that we also, as Fund staff, are trying to implement, to understand, to comprehend, and to put into our outlook. 

    So obviously, the 44 percent tariff on Sri Lanka that was announced on April 2nd would have a significant impact, and the authorities understand this very well.  The impact obviously will be on the apparel and rubber industries.  Obviously, as you know very well, these account for a very large share of the country’s exports to the United States.  I believe it’s almost three-quarters, or over 70 percent.  And also, the real sector implications of these are very important because these two sectors, apparel and rubber, employ a lot of workers, in Sri Lanka. Just the apparel industry alone is over 300,000 workers or 320,000 workers.  So, the 90-day pause that was announced has allowed the authorities to engage constructively with the United States.  And we take, take very positive note on this. 

    Now, within, in general, as I mentioned, the global trade policy uncertainty for any small open economy and definitely for Sri Lanka poses significant downside risks.  For these discussions, we understand, obviously, the issues that arise and how they should be baked into the program.  If there is any substantial risk that may pan out either on the back of tariffs or some other disruption, we will work with the authorities to incorporate them to assess their impact and put them into policy responses. 

    At this point, it will be a little premature of me to talk about specific issues, but we’ve had a lot of discussions, and we think that the authorities are doing the best they can to address these issues.  It’s important to also mention that here that any time is a good time for implementing more reforms for discussing greater options towards having more trade policy responses.  And we believe that Sri Lanka should continue exploring also additional ways in making its exports more marketable and appealing to a wider range of counterparts. 

    DEVAHASADIN: Thank you, Evan. I’ll give the final question. We are running out of time, but I think we have enough time for one last question.

    QUESTIONER: Thank you.  It’s about the tax revenues.  According to the 2025 budget, much of the tax revenue is expected from vehicle imports, and we have — from the dealers that of the vehicles have been imported in the last two months, about 75 percent have been sold.  Of course, even though 25 percent may not have been sold, still the government has got revenue for those because they have been cleared through customs. That is no issue, but it would probably have implications for future demand.  So, the market is sort of not as vibrant, as there doesn’t seem to be a huge pent-up demand.  How concerned are you that this one single item in the budget, which is sort of going to underpin tax revenue, may not materialize this year?  Thank you.  Thank you.

    PAPAGEORGIOU: So obviously the authorities have made significant progress on creating greater opportunities for revenue and for collecting more. You may very well know that the situation was far worse in terms of tax revenue, as I mentioned in my earlier remarks, as early as couple of years ago. So obviously there is definitely progress. On this year’s discussion,

    I think there is a lot of the progress; has been a positive one.  There has been greater progress towards ensuring more revenue that could be collected from a range of measures.  You mentioned very accurately that the lifting of the import ban on motor vehicles is a very, very important. I would say the primary measure underpinning the revenue package.  We saw that, also in the budget, it is expected to yield 1.2 percent of GDP in 2025.  And that’s about 80 percent of the 1.5 percent of GDP in all tax revenue.  So obviously, as you mentioned, this is very important to get right and to continue with the momentum. 

    We note from the latest data that we have monitoring and we’re getting is that there is actually a good momentum on those motor vehicle imports.  So as my latest data — I was trying to find them — from what I remember, there has been quite a lot of good increase in the letters of credit.  I believe it’s around USD $350 million that were open.  These are letters of credit that are attached to importing vehicles.  So, we think that the associated revenue that will be incurred from those imports is starting to come on pace, and that’s a very important and encouraging sign.  So, we look forward to seeing more. 

    Of course, I mentioned a moment ago as well that if there are signs that — that there is underperformance of revenues or if there is a revenue shortfall, we have discussed with the authorities, and they are committed to implementing contingency revenue measures, and this will go a long way in ensuring fiscal sustainability and greater revenue.  Thank you. 

    DEVAHASADIN: Thank you, Evan. Unfortunately, we’re at time. Before we close, Evan, do you have any parting words? 

    PAPAGEORGIOU: No, I thank you very much. I thank you all for being here. I look forward to continuing to engage with you, and Martha and I know that we have a great relationship with all of you and a frequent interaction.  We are happy to continue taking your questions.  We now are moving forward completing the Fourth Review in the next couple of months, so we will certainly communicate more as we get towards that goal.  We will also try to have another similar discussion and press conference at the end of that review if all goes well.  Let me just mention again that we are fully committed in supporting the economy and the Sri Lankan authorities, both in the current issues that they are facing and just more broadly on formulating the appropriate policy responses and the necessary form.  Thank you all very much for being here.  I wish I was in Colombo, but I look forward to seeing you again in the next few months.  Thank you. 

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/04/30/tr-042925-press-briefing-sla-4th-rev-sri-lankas-reform-program-supported-by-eff-arrangement

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Speaker Johnson Presents Congressional Gold Medal to the Six Triple Eight

    Source: United States House of Representatives – Representative Mike Johnson (LA-04)

    WASHINGTON — Tuesday afternoon, Speaker Johnson hosted a bipartisan Congressional Gold Medal Ceremony to honor the 6888th Central Postal Directory Battalion, commonly known as the Six Triple Eight. The battalion was the first and only all-Black, all-female unit to serve overseas in Europe during World War II. The Six Triple Eight, under the command of Lieutenant Colonel Charity Adams Earley, was instrumental in clearing the U.S. Army’s backlog of over 17 million pieces of mail in only three months, twice as fast as projected.

    The ceremony was held in Emancipation Hall in the U.S. Capitol and featured remarks from Speaker Johnson, Leader Thune, Leader Schumer, Leader Jeffries, Senator Moran, Senator Rosen, Representative Moore, former Representative LaTurner, and Colonel Edna Cummings. Stanley Earley III and Judith Earley, children of Lieutenant Colonel Charity Adams Earley, accepted the medal on behalf of the 855 women who served in the Six Triple Eight.

    Watch the Speaker’s remarks here

    Read Speaker Johnson’s remarks below:

    It’s a beautiful spring afternoon. We’re so happy to have you all, and I want to welcome my colleagues in Congress, of course, officials of the United States Army, distinguished guests. We’re so happy to have you at the United States Capitol today. We are honored to be joined by over 300 descendants and family members of the six triple eight.

    What a testament this is to the enduring impact of these remarkable women that we honor today. This ceremony reflects one of the highest and most cherished traditions of our republic, one that’s roots stretch back all the way to General George Washington, Ulysses S Grant and the Wright brothers.

    The Congressional Gold Medal is the highest honor this body can bestow. It’s reserved for those whose courage and service shaped our country and our nation’s story. It’s in this spirit that we gather to award this medal to the 6888, the Central Postal Directory. It’s 6888, but we call it the six triple eight.  

    This battalion was the first and the only unit of African American women to serve overseas during World War II. As tens of thousands of Allied forces made their final push across Europe, the mail system was stretched thin from scarce resources. It was crippling under the weight of wartime logistics.

    Then, just as today, letters of home were very, very important. They were lifelines that grounded the soldiers. They reminded our brave heroes of all they were fighting for, it was actually waiting back at home. Morale reports during the war underscore just how important mail was to the soldiers’ spirit, so much so that the phrase no mail, low morale became widespread. It was later adopted by the army as the official motto of the six triple eight yet for all the importance of mail, millions of undelivered letters piled up in dark warehouses across Europe, and those letters might well have stayed there, were it not for the work of the women that we celebrate today?

    Under the command of Lieutenant Colonel Charity Adams Earley, the battalion – Parenthetically, I just want to note she sounds like a Marvel, hero, that name is so awesome. Charity Adams Earley. The battalion deployed to England and got to work on the on the backlog. They worked in three ships, around the clock, day in and day out, to sort through the literal mountains of mail that had accumulated, all while navigating troop movements that turned on a dime, incomplete addresses, illegible writing, and thousands of soldiers who shared the same names.

    Listen to this. This is just one example. Okay, my name is Mike Johnson. Right, at this time, I know it’s sad. At this time, Michael was the ninth most popular name, and Johnson was one of the top five surnames. So, my staff did the math. They said, Sir, it’s pretty safe to assume that roughly 30,000 Mike Johnson’s served in World War II, and that’s enough to fill Fenway Park.

    Now just imagine the challenge that these ladies have. They were trying to get the right letter to the right soldier, and that’s the kind of that’s the kind of challenge that they faced. With great ingenuity, they maintained a tracking system of 7 million ID cards to solve the issue of soldiers curing names. They didn’t have all the high-tech gadgets that we have today. They had to do it manually.

    Processing roughly 65,000 pieces of mail per shift, they cleared the entire backlog in no less than three months.

    Listen to this. By the war’s end, the Six Triple Eight had sorted over 17 million pieces of mail. They got the job done, even in the face of inadequate supplies and even in the face of discrimination, both for women within the Army and back home. These women were valiant members of our Greatest Generation, artists, academics, athletes, women who wanted went on to pursue higher education, to build families, to buy homes, and shape the very foundation of the American middle class.

    We remember women like Margaret Sales, who enlisted on her 20th birthday. She enlisted on her 20th birthday, and she had dreams of pursuing music and teaching. We remember women like Romay Davis. She used the GI Bill to attend fashion school, and decades later, earned her black belt in her 70s. Tough ladies.

    We also, of course, remember the incomparable Lieutenant Colonel Charity Adams Earley who guided her unit. She faced all those challenges and she guided her unit with unshakable grace and resolve. And even after earning her degree in mathematics, Latin and physics, she returned to her studies after the war, and she said this famously, “After handling 855 women, any course in college would be a cinch.”

    We’re blessed that two members of the Six Triple Eight are still with us today, watching from home. They are, and we want to salute them from here in the chamber. Fannie McClendon, who hails from my home state of Louisiana, all right. She went on to serve her country as a Major in the Air Force. We also have Anna Mae Robertson watching at home. Just last month, she celebrated her 101st birthday. Ms. Anna Mae, you got a big group here.

    Okay, these women and the entire Six Triple Eight, are great American patriots, loyal to a nation that, for far too long, failed to return that favor. And I’m glad to say that that’s changing, and we’re doing that here today.

    This remarkable story has rightly captured imaginations, it has now inspired books and movies, stirred the conscience of millions of Americans who are just now hearing and sharing this incredible story. Today here in the people’s house, we add to that story. So, thank you all for being here. We are honored to host you and to celebrate these exceptional women. God bless you.

    ###

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: WAVES 2025 CreatoSphere – Showcasing the Ingenuity of ‘Create in India Challenges’

    Source: Government of India

    WAVES 2025 CreatoSphere – Showcasing the Ingenuity of ‘Create in India Challenges’

    ‘WAVES Creator Awards’ to celebrate and foster creative talents and potential in India and the world

    Posted On: 30 APR 2025 7:28PM by PIB Mumbai

    Mumbai, 30 April 2025

     

    The Create in India Challenge (CIC) Season 1, launched as a flagship initiative under the World Audio Visual and Entertainment Summit (WAVES), is gearing up for a spectacular finale starting tomorrow at the Jio World Centre in Mumbai. Notably, CIC Season 1 has achieved a major milestone, crossing 1 lakh registrations, with the total number now standing at an impressive 1,01,349. The initiative has drawn participants from over 60 countries, underlining its global appeal and reach. From this exceptional pool of talent, 750 finalists will get the opportunity to showcase their creative skills and outcomes at CreatoSphere—a specially curated platform featuring innovation across animation, comics, AI, XR, gaming, music, and more, as part of WAVES 2025.

    What is CreatoSphere?
    CreatoSphere is an immersive universe of innovation and ingenuity, curated as the ultimate destination for transforming ideas into experiences. A space where creators take center stage, it celebrates the spirit of imagination, experimentation, and artistic excellence across a wide spectrum of media and entertainment sectors—from virtual reality to films, VFX to comics, animation to gaming, and from music to broadcasting and digital media. Here, the top creative minds from around the world—the finalists of the ‘Create in India Challenges’—come together to spark dialogue, ignite innovation, build partnerships, and showcase their work while connecting India’s creative energy with global audiences.

    Prime Minister Shri Narendra Modi’s vision and mission of “Create in India, Create for the World” lies at the heart of the ‘Create in India Challenges’ and is encapsulated in its motto ‘Connecting Creators, Connecting Countries’. This initiative, a core component of WAVES, has emerged as a powerful expression of India’s creative ambition, reaffirming the nation’s rising leadership in the global media and entertainment industry and shaping the future of the sector. It truly embodies the spirit of Vasudhaiva Kutumbakam—an ancient Indian philosophy that sees the world as one family.

    The scale and impact of Create in India Challenge Season 1 are unprecedented, transforming the initiative into a global creative movement. With over 1,100 international entries, these challenges have become truly global in their very first season. The top-class jury, with its keen insights and robust selection criteria, has shortlisted the best finalists across all challenges to showcase their ingenuity at CreatoSphere—including participants from all 28 States and 8 Union Territories of India, as well as from over 20 countries. These achievements underscore the diversity, excellence, and global resonance of the Create in India Challenge and CreatoSphere.

     

    Over four dynamic days, delegates, creators, and participants will experience a vibrant confluence of creativity, learning, and unity in diversity. Through specially curated masterclasses, panel discussions, workshops, presentations, and showcases, CreatoSphere fosters meaningful dialogue and forward-looking ideas in a professional setting. It brings together sectors such as AVGC-XR, broadcasting, films, music, digital, and social media. Nine specialised zones—Virtual Lok, VFX Vault, Film Fiesta, Animation Alley, Comic Kona, Music Mania, AIRWAVES, Digital Domain, and Game On—will showcase the pioneering outcomes of these challenges.

    To provide a platform for the young creators of tomorrow, CreatoSphere also features the grand ‘Creators Awards’ ceremony—a red-carpet event honouring the winners of the Create in India Challenges with the prestigious ‘WAVES Creator Awards’. This gala celebration will confer top honours on creative champions in the presence of renowned artists, celebrities, and industry leaders from the M&E sector. The winners of the musical challenges will captivate audiences with their most enchanting compositions. CreatoSphere thus serves both as a hub of innovation and a cultural carnival, celebrating the multiverse of India’s creative prowess.

     

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    PIB TEAM WAVES 2025 | Rajith/ Lakshmipriya/ Sriyanka/ Darshana | 120

     

    सोशल मिडियावर आम्हाला फॉलो करा: @PIBMumbai    /PIBMumbai     /pibmumbai   pibmumbai[at]gmail[dot]com  /PIBMumbai     /pibmumbai

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  • MIL-OSI Asia-Pac: Shri Gyaneshwar Kumar Singh Takes Charge as Director General & CEO of Indian Institute of Corporate Affairs(IICA), bringing Over 30 Years of Expertise in Finance, Law, and Governance

    Source: Government of India

    Shri Gyaneshwar Kumar Singh Takes Charge as Director General & CEO of Indian Institute of Corporate Affairs(IICA), bringing Over 30 Years of Expertise in Finance, Law, and Governance

    Shri Singh has served in key positions in the Ministry of Corporate Affairs including IEPFA, IBBI, and other important institutions

    Posted On: 30 APR 2025 7:51PM by PIB Delhi

     Shri Gyaneshwar Kumar Singh, a distinguished officer of the Indian Post & Telecommunication Accounts and Finance Service (IP&TAFS), 1992 batch, has assumed charge as the new Director General and Chief Executive Officer of the Indian Institute of Corporate Affairs (IICA), which is a think tank under the Ministry of Corporate Affairs, Government of India. With an illustrious career spanning over three decades, Shri Singh brings with him a wealth of experience in Finance, Corporate law, Insolvency, Corporate Social Responsibility, ESG Reporting, Public Policy, E-Governance, and Capacity Building.

     

    He has previously served in various key roles including Joint Secretary in the Ministry of Corporate Affairs, CEO of the Investor Education and Protection Fund Authority (IEPFA), and as Member of the Governing Body of the Insolvency and Bankruptcy Board of India (IBBI).  He was also Government nominee to the Central Council of the Indian Institute of Company Secretaries and Indian Institute of Chartered Accountants of India from 2019 -2021. Notably, he also held the position of DG & CEO of IICA during 2017–18, when he led a remarkable turnaround of the institute, making it financially self-sustaining.

    He was Member Secretary of the Insolvency Law Committee (ILC) from 2018 to 2021.He played an important role in implementation of the Insolvency and Bankruptcy Code and subsequent amendments to the code up including amendment Act on Pre-packaged insolvency resolution, thereby making the Code more responsive to the needs of the economy. He also made significant contribution in establishment and strengtheningof many new institutions in the Ministry of Corporate Affairs such as NCLT, NCLAT, IEPFA and IBBI.

     He possesses core competency in Corporate Social Responsibility (CSR) and played a pivotal role in assisting the Ministry of Corporate Affairs in launching the National CSR Awards Scheme, which aims to benchmark best CSR practices across the country. He also served as the Member & Convener of the High-Level Committee on Corporate Social Responsibility, contributing significantly to the finalization and submission of the committee’s report in 2019. Furthermore, he played a critical role in overhauling the CSR Rules, 2014, including revamping reporting formats and development of transparent systems for CSR disclosures, enhancing ease of doing business and minimising discretion.

    A thought leader in sustainable corporate governance, Shri Singh chaired the Committee on Business Responsibility Reporting (BRR) and submitted a comprehensive report in August 2020. This landmark work laid the foundation for SEBI’s mandate on Business Responsibility and Sustainability Reporting (BRSR) for the top 1000 listed companies on a voluntary basis from FY 2021–22.

    Shri Singh holds academic degrees from prestigious institutions including JNU (MA &M.Phil in Sociology), FMS Delhi (MBA in Finance), and Delhi University (LLB and BA Hons in History). His international stint as Capacity Development Advisor with UNDP Afghanistan adds a global dimension to his profile.

    His return to IICA signals a promising new chapter for the institute as it continues to serve as a think tank, policy laboratory, and capacity development hub under the aegis of the Ministry of Corporate Affairs. Shri Singh’s visionary leadership is expected to further IICA’s mission of promoting responsible corporate governance, sustainability, and innovation in India’s dynamic business environment.

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  • MIL-OSI Asia-Pac: NHAI to develop 6-lane Access Controlled Agra-Gwalior Greenfield Expressway on BOT (Toll) Mode

    Source: Government of India

    Posted On: 30 APR 2025 7:46PM by PIB Delhi

    To enhance connectivity between the tourism hubs of Agra and Gwalior, National Highways Authority of India (NHAI) will develop 88 km long 6-lane access controlled Agra-Gwalior Greenfield Expressway (NH-719D). NHAI, today signed a concession agreement for the implementation of project with M/s G.R. Infraprojects Ltd., in presence of NHAI Chairman, Shri Santosh Kumar Yadav and senior officials of NHAI and the Concessionaire. The Agra-Gwalior Greenfield Expressway will start from Deori village in Agra and terminate at Susera village in Gwalior. The project shall be developed at a Total Capital Cost  of Rs. 4613 crore (including LA cost) on Build Operate Transfer (Toll) Mode.

    The concession period of the contract is 20 years, including construction period of 30 months. The authority will provide construction support of Rs. 820 crore to the Concessionaire during the construction period, which will be linked to the project progress. Overlay/strengthening, road safety and improvement measures for the existing National Highway on NH-44 have also been included in the Agra-Gwalior project agreement.

    The project has been awarded on quoted @17 .170 % premium in the form of revenue shares of the realisable fee against expected premium @2.42%. The premium shall be payable from Second year post project completion which will be increased by 1% of the realisable free every year in subsequent years for remaining concession period.

    The greenfield access controlled expressway will traverse through the states of Uttar Pradesh, Rajasthan, and Madhya Pradesh. It will not only provide high-speed connectivity between Agra and Gwalior but also will help to decongest various cities and industrial areas on the existing Agra-Gwalior Section of NH-44. The expressway will cut travel time, reduce carbon footprint and enhance logistics efficiency of commercial and freight movement between Agra, Dholpur, Morena and Gwalior.

    The greenfield expressway will feature eight major bridges, 23 minor bridges, six flyovers, one Rail-Over-Bridge and 192 culverts. The project will also pass through the National Chambal wildlife sanctuary. As part of wildlife mitigation measures, a cable stayed bridge on river Chambal has been planned for the conservation of ‘Gadiyal’ in the river waters. Apart from this, other wildlife mitigation measures such as sound barriers and light cutters will also be provided on the bridge.

    The Government of India has been encouraging Public-Private Partnership for Build-Operate-Transfer (Toll) projects. Recently, NHAI signed a concession agreement to develop 121 km long Guwahati Ring Road on Build Operate Transfer (Toll) mode. Robust Public-Private Partnership in the road sector will contribute towards the development as well as operations and maintenance of world class National Highway Network in the country.

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  • MIL-OSI Asia-Pac: WAVES 2025 Transforming India into a Global M&E Powerhouse

    Source: Government of India

    Posted On: 30 APR 2025 6:43PM by PIB Delhi

    Introduction

    Get ready for a landmark celebration of creativity, technology, and storytelling as WAVES 2025 — the World Audio Visual & Entertainment Summit — takes center stage in Mumbai from May 1st to 4th. Hosted by the Government of India, this first-of-its-kind global event brings the spotlight to India’s vibrant Media & Entertainment sector, transforming the Jio World Convention Centre into a dynamic hub of imagination, innovation, and opportunity.

    With over 100,000 registrations, including 1,100+ international participants, WAVES 2025 is where filmmakers, tech pioneers, creators, investors, and industry leaders come together to shape the future of entertainment. From the legendary voices of Amitabh Bachchan and Shah Rukh Khan to the tech leadership of Satya Nadella and Sundar Pichai, the summit unites visionaries across sectors in a powerful showcase of talent and ambition.

    This is more than a summit — it’s a movement to position India as a global creative and digital powerhouse. With exciting highlights like the Create in India Challenge, cutting-edge exhibitions, startup pitches, cultural performances, and high-level dialogues, WAVES 2025 marks a bold step into the future—where culture meets code, and tradition meets transformation.

    Create in India Challenge Season 1

    The Create in India Challenge (CIC) is a strategic initiative aimed at empowering India’s content creators. By providing a platform for innovation and creative expression, CIC seeks to strengthen India’s creators’ economy, enhance soft power, and position emerging talent for global recognition. The initiative supports monetization of skills and contributes to the growth of the media and entertainment industry.

    CIC brings an exciting lineup of 32 unique challenges across creative, tech and cultural fields. Launched on August 22, 2024, it attracted massive participation from across India and around the world! The challenges have attracted entries from over 60 countries, reflecting the global appeal and reach of this pioneering initiative. From this exceptional pool of talent, 750 finalists will be given the opportunity to showcase their creative skills and outcomes at Creatosphere, a specially curated platform featuring innovation across animation, comics, AI, XR, gaming, music, and more, as part of WAVES 2025. The winners of these challenges will be conferred the prestigious ‘WAVES Creator Awards’ in a grand red carpet ceremony on Day 2 of the event.

    1. WAVES Promo Video Challenge: A unique contest designed to discover powerful and inspiring audiovisual content that captures and showcases the spirit and ambition of the WAVES 2025, through a video.

    Total Registrations

    164

    Finalists

    3
    1. Truth Tell Hackathon: Tech innovators, data experts, and media professionals were called to develop AI solutions that tackle misinformation and promote credible journalism.

    Total Registrations

    5650

    International Registrations

    186

    Finalists

    5
    1. Community Radio Content Challenge: This exciting competition aims to celebrate and showcase the creativity, innovation, and impact of community radio stations across India.

    Total Registrations

    246

    International Registrations

    14
    1. WAVES Hackathon Ad spend Optimizer: Participants worked on using data science, machine learning, and statistical modeling to create solutions that help advertisers make smarter, data-driven decisions. The goal was to maximize ROI and support marketing objectives.

    Total Registrations

    115

    International Registrations

    1
    1. Make The World Wear Khadi: Aims to blend India’s rich textile heritage with global fashion trends, offering an exciting challenge to advertising professionals and freelancers.

    Total Registrations

    770

    Finalists

    5
    1. Wah Ustad: It aims to nurture exceptional talent in Hindustani, Carnatic, and soulful Sufi music while preserving and promoting India’s rich musical legacy.

    Total Registrations

    300

    International Registrations

    3
    1. Battle Of the Bands: Designed to push the limits of creativity and music, while promoting a sense of community, innovation and growth within the industry

    Total Registrations

    200
    1. Symphony Of India: The event featured a diverse range of musical performances across various genres, celebrating the broad tastes of music lovers.

    Total Registrations

    212
    1. Theme Music Competition: Songwriters, singers, performers and music creators were invited to create and share a piece of music that resembles Indian classical music or a fusion of classical and contemporary music instruments and styles.

    Total Registrations

    212

    Runner-ups

    4

    Winner

    1
    1. Resonate EDM Challenge: Aims to spotlight and celebrate global talent in production of Electronic Dance Music (EDM), fostering collaboration, innovation, and creativity in music production and live performance. This initiative aligns with the “Create in India” mission, showcasing India as a hub for global creativity and entertainment.

    Total Registrations

    394

    International Registrations

    10

    Finalists

    10
    1. India A Bird’s Eye View: Passionate drone pilots and filmmakers were invited to capture the breathtaking beauty and diversity of India in a 2-3 minute video, showcasing the country from the unique perspective of aerial drone cinematography.

    Total Registrations

    1324

    Finalists

    5
    1. Anti-Piracy Challenge: This competition focuses on encouraging and supporting innovative solutions created by local companies in fingerprinting and watermarking technologies.

    Total Registrations

    1600

    Finalists

    7
    1. Comics Creator Championship: Comic Making Competition for amateur and professional artists.

    Total Registrations

    1560

    Finalists – Professional Category

    5

    Finalists – Amateur Category

    5
    1. WAVES Anime and Manga Challenge: An innovative initiative aimed at harnessing the growing interest in manga and anime in India.

    Total Registrations

    2400

    International Registrations

    7

    Runner-Ups

    3 (5 Different Categories)

    Winners

    7 (5 Different Categories)
    1. Animation Filmmakers Competition: Aimed at uncovering and empowering India’s storytellers in the field of animation.

    Total Registrations

    1290

    International Registrations

    19

    Finalists

    42
    1. Game Jam: An exciting opportunity for India’s game developers to showcase their creativity and innovation.

    Total Registrations

    5569

    Finalists

    10
    1. Esports Tournament: The eFootball and World Cricket Championship (WCC) competitions are held in batches, each offering thrilling matchups, with the champions being crowned at WAVES.

    Total Registrations

    35008

    Finalists (All Phases)

    10
    1. City Quest: Shades of Bharat: An educational game to celebrate Bharat’s urban development.

    Total Registrations

    2594

    International Registrations

    15
    1. XR Creator Hackathon: Challenge that invites developers from across India to push the boundaries of augmented and virtual reality.

    Total Registrations

    2205

    Winners (All Themes)

    5
    1. Innovate2educate Handheld Device Challenge: Academia, designers, engineers, and innovators were invited to develop a prototype of an educational handheld device that makes learning math, solving puzzles, and boosting cognitive skills fun and interactive.

    Total Registrations

    1826

    International Registrations

    513

    Finalists

    10
    1. AI Avatar Creator Challenge: The challenge focused on creating AI avatars: personalized, interactive digital personas that engage with users like human influencers in virtual spaces.

    Total Registrations

    1324

    International Registrations

    100
    1. WAVES Awards Of Excellence: A prestigious competition recognizing outstanding showreels and AdFilms in animation, VFX, gaming, and related fields, celebrating creativity and innovation.

    Total Registrations

    1331

    International Registrations

    63
    1. Bharat Tech Triumph Program: A contest to identify and empower the top gaming and interactive entertainment innovators.

    Total Registrations

    1078

    International Registrations

    12

    Winners

    20

     

    1. WAVES VFX Competition: Participants were tasked with creating a visual effects sequence or short film featuring a superhero with extraordinary powers, but using them in the context of everyday, mundane life.

    Total Registrations

    1367

    Finalists

    14
    1. WAVES Comic Chronicles: This competition invited comic submissions on any chosen theme, requiring a minimum of 60 panels, with each image or scene representing a single panel.

    Total Registrations

    1145

    International Registrations

    62

    Finalists

    50 (Both in General and Student Track)

     

    1. WAVES Explorer: Invited participants on a captivating journey to showcase India’s rich cultural heritage and creativity. Participants created YouTube videos (up to 1 minute) or vlogs (up to 7 minutes) highlighting their favorite aspects of India.

    Total Registrations

    6932

    International Registrations

    30

     

    1. Reel Making Competition: Participants were invited to create engaging reels on themes such as food, travel, fashion, dance, music, gaming, yoga & wellness and tech.

    Total Registrations

    7812

    International Registrations

    55
    1. Young Filmmakers Challenge: The competition aimed to foster innovation, storytelling skills, and digital literacy among young participants through a concise 60-second film format.

    Total Registrations

    905

    International Registrations

    2

     

    1. Film Poster Making Competition: A unique opportunity to create innovative and visually compelling reimagined film posters to celebrate and promote the rich film poster heritage of India.

    Total Registrations

    543

    International Registrations

    29

    Finalists

    50

    Winners

    3
    1. Trailer Making Competition: Filmmakers, both seasoned and emerging, were invited to craft compelling trailers using Netflix content, offering a chance to reimagine iconic scenes or highlight fresh perspectives.

    Total Registrations

    3500

    International Registrations

    36

    Finalists

    20
    1. Unreal Cinematics Challenge: The Unreal Cinematics Challenge by TVAGA provided a platform for artists, animators, and content creators to showcase their storytelling and technical skills using Unreal Engine.

    Total Registrations

    700

    International Registrations

    1
    1. WAVES Cosplay Championship: A grand celebration of pop culture, creativity, and craftsmanship, bringing together participants showcasing their talents on the final day. It highlights genres such as Indian history, manga, anime, comics and games.

    Total Registrations

    513

    International Registrations

    3

    Finalists

     29

     

    Conclusion

    As WAVES 2025 nears its grand finale, thousands of participants from across the globe will come together to showcase their creativity, innovation, and talent. With a diverse range of challenges and an unparalleled platform for collaboration, WAVES is set to make a lasting impact on the future of India’s media and entertainment landscape.

    References

    https://cic.wavesindia.org/cic-dashboard/

    https://wavesindia.org/challenges-2025

    https://pib.gov.in/PressReleasePage.aspx?PRID=2122688

    Kindly find the pdf file

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  • MIL-OSI USA: Governor Lamont Announces Launch of Connecticut’s e-Apprenticeship System

    Source: US State of Connecticut

    (CROMWELL, CT) – In commemoration of National Apprenticeship Day, Governor Ned Lamont and Connecticut Labor Commissioner Danté Bartolomeo today participated in the monthly meeting of the Connecticut State Apprenticeship Council, where they announced the upcoming launch of the Connecticut Department of Labor’s new e-Apprenticeship system.

    Going live on May 1, 2025, the e-Apprenticeship system will bring online the agency’s Registered Apprenticeship Training Program through the e-license system that is already in use by multiple Connecticut state agencies. The system will allow sponsor employers to register new apprentices, update information on their registered apprentices, and pay program fees, all over the internet. Additionally, registered apprentices will be able to use the system to track their progress.

    The Registered Apprenticeship Training Program connects employers to registered apprentices, who can receive on-the-job training and classroom instruction, master a trade, and earn while they learn. Thousands of businesses across Connecticut have participated in the program, helping them increase their workforce recruitment and proficiency. Depending on the trade, registered apprenticeship programs may last anywhere between one and four years. Upon completion, registered apprentices receive an industry recognized, portable credential that certifies completion of the program, distinguishes the apprentice as a master of their craft, and makes the apprentice eligible to take any state occupational licensing exams.

    Currently, there are more than 7,000 registered apprentices working for approximately 1,800 employers within more than 50 industries in Connecticut.

    “Registered apprenticeships are a great way for employers to train and build their workforce, and for workers to receive on-the-job training and master a trade that will benefit them throughout their careers,” Governor Lamont said. “Many businesses have job openings that need to be filled by workers trained with certain sets of skills, and filling those positions through registered apprenticeships is a great way for a company to build that talent and really invest in their workforce. Bringing this program online with the e-Apprenticeship system will make it even easier for businesses and workers to participate.”

    “Registered apprenticeships are tried and true training for skilled tradespeople like electricians and welders, and they are a great career pathway for other occupations,” Commissioner Bartolomeo said. “Over the past several years, employers in industries including childcare, education, health, and cosmetology have participated in apprenticeships to train their next generation workforce. Thanks to support from Governor Lamont, Connecticut’s Registered Apprenticeship program continues to expand and help employers meet their hiring needs.”

    “As demand for highly skilled workers increases, pre-apprenticeship and registered apprenticeship strategies have proven very successful in meeting both employer and industry need in training, acquiring, and retaining employees,” Todd Berch, director of the Connecticut Department of Labor’s Office of Apprenticeship Training, said. “Registered apprenticeships are rigorous and quite distinct from internships or corporate training programs. They must meet high standards of mastery, and registered apprentices put in thousands of hours before completing the program.”

    Today’s council meeting was held in Cromwell at Jessica’s Color Room Salon, the first business in the state to offer a cosmetology apprenticeship through the program. The salon’s registered apprentice completed 2,000 training hours over the course of 15 months and is now licensed by the Connecticut Department of Public Health as a hairdresser.

    “The Office of Apprenticeship Training helped me identify exactly what we needed to do to prepare and train our registered apprentice,” Jessica Dudley, owner of the salon, said. “It was a good solution to have someone on the job who was also building skills. It also helped me start looking at issues like succession planning and how to expand my business.”

    Businesses that want to participate in the program and workers who are interested in becoming a registered apprentice should visit the Office of Apprenticeship Training program’s website at portal.ct.gov/dol/divisions/apprenticeships.

    The new e-Apprenticeship system can also be accessed through that website when it launches on May 1.

     

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  • MIL-OSI Security: 18th Street Gang Member Sentenced to 45 Years in Prison for Racketeering Conspiracy and Two Murders

    Source: Office of United States Attorneys

    Defendant Recorded Victim Being Stabbed More than 100 Times and Sent the Video to Other Gang Members as a Warning Not to Cooperate with Law Enforcement

    Earlier today, at the federal courthouse in Brooklyn, Yanki Misael Cruz-Mateo, a member of the 18th Street gang, a transnational criminal organization, was sentenced by United States District Judge LaShann DeArcy Hall to 45 years’ imprisonment for racketeering conspiracy in connection with his participation in two murders: the October 25, 2017 murder of 20-year-old Jonathan Figueroa in Saugerties, New York, and the February 2, 2018 murder of 20-year-old Oscar Antonio Blanco-Hernandez in Queens.

    John J. Durham, United States Attorney for the Eastern District of New York, and Christopher G. Raia, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI), announced the sentence.

    “Cruz-Mateo committed two horrific murders and boasted about the carnage in video and text messages to instill fear, exact retribution, and promote gang violence,” stated United States Attorney Durham.  “The lengthy sentence imposed today delivers a powerful message that senseless violence carries serious consequences. My Office will continue our tireless efforts to investigate and prosecute violence carried out by the 18th Street and other transnational criminal organizations.  It is my sincere hope that the justice meted out today provides a measure of comfort and closure for the victims’ loved ones.”

    Mr. Durham expressed his appreciation to the United States Attorney’s Office for the Northern District of New York, the Ulster County District Attorney’s Office, the Queens County District Attorney’s Office, the New York State Police, the Kingston Police Department, and the New York City Police Department for their assistance on the case.

    “Yanki Misael Cruz-Mateo, an 18th Street gang member, lured two victims to their brutal murders as retribution for perceived disloyalty and affiliation with rival organizations,” stated FBI Assistant Director in Charge Raia.  “His actions mirror the gang’s depravity and its lawless prioritization of social status over human life.  May today’s sentencing offer a semblance of justice for the victims’ families and highlight the FBI’s continued determination to eradicate all brutal gang violence plaguing our communities.

    Today’s sentence is the latest achievement in a series of prosecutions by this Office and our law enforcement partners of the leaders, members, and associates of 18th Street.  According to court filings and proceedings, 18th Street is a transnational criminal organization and violent street gang with members and associates residing throughout New York State, including Queens and Long Island, elsewhere throughout the United States, including Houston, Texas, and Central America. Members of 18th Street regularly engage in murder, attempted murder, assault, extortion, illegal drug and firearms trafficking, false identification document production, witness tampering, and money laundering.

    October 25, 2017 Murder of Jonathan Figueroa

    As set forth in court filings, including the government’s sentencing memorandum, in the late evening hours of October 24, 2017, Cruz-Mateo lured and travelled with Figueroa from Queens to Kingston, New York. Upon their arrival in Kingston, they were met by Israel Mediola Flores and other 18th Street members and associates who, into the early morning hours the following day, brought Figueroa to Turkey Point State Forest, brutally stabbed him to death and buried him in a makeshift grave.  Cruz-Mateo ordered the murder to be video-recorded and captured multiple 18th Street members and associates repeatedly stabbing Figueroa, slashing his throat and severing his ear.  In the video, Cruz-Mateo stated that Figueroa was being murdered for “being a rat.” Cruz-Mateo then sent the video to other 18th Street members as a warning.  Figueroa’s body was discovered in February 2018 by the FBI, along with state and local law enforcement authorities, in a five-foot deep grave in Turkey Point State Forest.  The victim had sustained more than 100 stab wounds.

    Co-defendants Walter Fernando Alfaro Pineda, Israel Mediola Flores, and Jose Douglas Castellano pleaded guilty to Figueroa’s murder. Mediola Flores was sentenced to 425 months in prison; Pineda and Castellano are awaiting sentencing.

    February 2, 2018 Murder of Oscar Antonio Blanco-Hernandez

    On February 2, 2018, several gang members killed Blanco-Hernandez because they believed he was a member of the rival MS-13 gang.  Co-defendant Jose Chacon had met Blanco-Hernandez weeks earlier through their mutual employer, a New Jersey-based house painting company.  On the morning of the murder, co-defendant Carolina Cruz and Chacon picked up Blanco-Hernandez at his home in New Jersey under the guise of going to smoke marijuana as friends.  Cruz and Chacon drove Blanco-Hernandez to Queens where they met 18th Street gang members, including Cruz-Mateo and co-defendant Yoni Sierra, who entered the rear passenger seat of Cruz’s car on opposite sides, sandwiching Blanco-Hernandez between them.  Cruz drove Chacon, Cruz-Mateo, Sierra, and their victim about 1.6 miles away to a quiet residential neighborhood.  Cruz-Mateo, Sierra, and Blanco-Hernandez got out of the car and started walking eastbound, while Cruz and Chacon stayed behind with the car.  After walking for a few minutes, Cruz-Mateo drew a .380 caliber semiautomatic handgun and shot Blanco-Hernandez in the back of the head, killing him instantly. Blanco-Hernandez’s body was discovered on a residential street in the Jamaica Hills section of Queens.  He sustained three gunshot wounds: two gunshots to the torso and one to the head.

    Sierra, Chacon, and Cruz also pleaded guilty to Blanco-Hernandez’s murder.  Chacon was sentenced to 269 months in prison; Sierra to 204 months in prison; and Cruz to 150 months in prison.

    This case is part of an ongoing Organized Crime Drug Enforcement Task Forces (OCDETF) investigation led by the United States Attorney’s Office for the Eastern District of New York and the FBI.  The principal mission of the OCDETF program is to identify, disrupt, and dismantle the most serious drug trafficking, weapons trafficking, and money laundering organizations, and those primarily responsible for the nation’s illegal drug supply.  OCDETF uses a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    The government’s case is being handled by the Office’s International Narcotics and Money Laundering Section.  Assistant United States  Attorneys Jonathan P. Lax, Erin Reid, Margaret Schierberl, Adam Amir, and Rebecca Urquiola are in charge of the prosecution, with the assistance of Paralegal Specialists Tareva Torres and Samuel Ronchetti.

    The Defendant:

    YANKI MISAEL CRUZ-MATEO (also known as “Yenki Misael Cruz Mateo,” “Yankee Mateo,” “Doggy,” and “Wino”)
    Age: 25
    Jamaica, Queens

    Co-Defendants Previously Convicted:

    ERIC CHAVEZ (also known as “Lunatico”)
    Age: 25
    Jamaica, New York

    WALTER FERNANDO ALFARO PINEDA (also known as “Clever”)
    Age: 45
    Houston, Texas

    ISRAEL MEDIOLA FLORES (also known as “Chapito” and “Sinaloa”)
    Age: 29
    Kingston, New York

    YONI ALEXANDER SIERRA (also known as “Arca,” “Arc Angel” and “Wasson”)
    Age: 26
    Jamaica, Queens

    JOSE JIMENEZ CHACON (also known as “Little One”)
    Age: 26
    New Brunswick, New Jersey

    CAROLINA CRUZ (also known as “La Fiera”)
    Age: 31
    Elizabeth, New Jersey

    JOSE DOUGLAS CASTELLANO (also known as “Chino”)
    Age: 26
    Brooklyn, New York

    JUNIOR ZELAYA-CANALES (also known as “Terco”)
    Age: 28
    Jamaica, New York

    E.D.N.Y. Docket No. 18-CR-139 (S-7) (LDH)

    MIL Security OSI –

  • MIL-OSI Security: Fort Wayne Man Sentenced to 63 Months in Prison

    Source: Office of United States Attorneys

    FORT WAYNE – Neon L. Frazier, 50 years old, of Fort Wayne, Indiana, was sentenced by United States District Court Chief Judge Holly A. Brady following his conviction from a January 2025 jury trial for being a convicted felon in possession of a firearm, announced Acting United States Attorney Tina L. Nommay.   

    Frazier was sentenced to 63 months in prison followed by 2 years of supervised release.

    According to documents in the case, during a traffic stop on August 16. 2024, Frazier was found to be in possession of two firearms, one of which was stolen.  At the time, Frazier was prohibited from possessing firearms because of his prior Indiana state court felony robbery conviction. 

    This case was investigated by the Bureau of Alcohol, Tobacco, Firearms, and Explosives and the Fort Wayne Police Department. The case was prosecuted by Assistant United States Attorneys Stacey R. Speith and Dawn Ransom.

    This case was also part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    MIL Security OSI –

  • MIL-OSI Security: Five Men Charged Following Largest Single Seizure of Machinegun Conversion Devices in the Middle District of Alabama

    Source: Office of United States Attorneys

    Montgomery, AL. – Acting United States Attorney Kevin Davidson announced today that four men are facing federal charges in connection with the largest single seizure of machinegun conversion devices (MCDs) ever recorded in the Middle District of Alabama. A fifth individual is facing related state charges. Acting Special Agent in Charge Jason Stankiewicz of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) Nashville Field Division, and Alabama Law Enforcement Agency Secretary Hal Taylor joined Davidson in the announcement.

    Machinegun conversion devices are small, often easily concealed components that illegally convert semi-automatic firearms into fully automatic weapons. These devices are classified as machineguns under federal law, even if not installed on a firearm.

    On April 23, 2025, a federal grand jury indicted 22-year-old Maceo Levar Edwards and 22-year-old Elliott Arjuna Turner, both of Montgomery, Alabama, charging them with the illegal possession of 53 machinegun conversion devices and the unlawful transfer of a federally regulated firearm. According to the indictment and other court records, the charges stem from an April 3, 2025, operation during which Edwards and Turner were allegedly found with the illegal devices after leaving a residence in Montgomery.

    Later that day, agents made contact with 24-year-old Jemarion Fe’Qon Lausane at the same residence. Lausane was arrested on site and now faces federal charges of possession with intent to distribute marijuana and possession of a firearm in furtherance of a drug trafficking crime.

    On April 25, 2025, another individual connected to the investigation — 22-year-old Ke’Marcus Simmons of Selma, Alabama — was charged with the federal crime of illegal possession of a machinegun.

    In a related development, Jalen Rodgers is facing state charges for the possession of machinegun conversion devices following the execution of a search warrant at his home in Repton, Alabama, on April 18, 2025. The search of Rodgers home was part of the investigation that began on April 3, 2025.

    This investigation was led by the Metro Area Crime Suppression (MACS) Unit, a multi-agency task force that includes personnel from the Alabama Law Enforcement Agency, Montgomery Police Department, Montgomery County Sheriff’s Office, and ATF.

    An indictment or criminal complaint is merely an allegation. All defendants are presumed innocent unless and until proven guilty in a court of law.

    If convicted on all charges, Edwards, Turner, and Simmons each face up to 10 years in federal prison. Lausane faces a sentence ranging from five years to life. There is no parole in the federal system.

    Assistant United States Attorney Christopher P. Moore is prosecuting the four federal cases.

    These federal prosecutions are part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETF) and Project Safe Neighborhoods (PSN).

    MIL Security OSI –

  • MIL-OSI Global: Medicine’s over-generalization problem — and how AI might make things worse

    Source: The Conversation – Canada – By Benjamin Chin-Yee, Hematologist/Assistant Professor, Western University

    In medicine, there’s a well-known maxim: never say more than your data allows. It’s one of the first lessons learned by clinicians and researchers.

    Journal editors expect it. Reviewers demand it. And medical researchers mostly comply. They hedge, qualify and narrow their claims — often at the cost of clarity. Take this conclusion, written to mirror the style of a typical clinical trial report:

    “In a randomized trial of 498 European patients with relapsed or refractory multiple myeloma, the treatment increased median progression free survival by 4.6 months, with grade three to four adverse events in 60 per cent of patients and modest improvements in quality-of-life scores, though the findings may not generalize to older or less fit populations.”

    It’s medical writing at its most exacting — and exhausting. Precise, but not exactly easy to take in.

    Unsurprisingly, then, those careful conclusions often get streamlined into something cleaner and more confident. The above example might be simplified into something like: “The treatment improves survival and quality of life.” “The drug has acceptable toxicity.” “Patients with multiple myeloma benefit from the new treatment.” Clear, concise — but often beyond what the data justify.

    Philosophers call these kinds of statements generics — generalizations without explicit quantifiers. Statements like “the treatment is effective” or “the drug is safe” sound authoritative, but they don’t say: For whom? How many? Compared to what? Under what conditions?

    Generalizations in medical research

    In previous work in the ethics of health communication, we highlighted how generics in medical research tend to erase nuance, transforming narrow, population-specific findings into sweeping claims that readers might misapply to all patients.

    In a systematic review of over 500 studies from top medical journals, we found more than half made generalizations beyond the populations studied. More than 80 per cent of those were generics, and fewer than 10 per cent offered any justification for these broad claims.

    Researchers’ tendency to over-generalize may reflect a deeper cognitive bias. Faced with complexity and limited attention, humans naturally gravitate toward simpler, broader claims — even when they stretch beyond what the data support. In fact, the very drive to explain the data, to tell a coherent story, can lead even careful researchers to overgeneralize.

    Artificial intelligence (AI) now threatens to significantly exacerbate this problem. In our latest research, we tested 10 widely used large language models (LLMs) — including ChatGPT, DeepSeek, LLaMA and Claude — on their ability to summarize abstracts and articles from top medical journals.

    Even when prompted for accuracy, most models routinely removed qualifiers, oversimplified findings and repackaged researchers’ carefully contextualized claims as broader statements.

    AI-generated summaries

    Analyzing nearly 5,000 LLM-generated summaries, we found rates of such over-generalizations as high as 73 per cent for some models. Very often, they converted non-generic claims into generics, for example, shifting from “the treatment was effective in this study,” to simply “the treatment is effective,” which misrepresented the study’s true scope.

    Strikingly, when we compared LLM-generated summaries to ones written by human experts, chatbots were nearly five times more likely to produce broad generalizations. But perhaps most concerning was that newer models — including ChatGPT-4o and DeepSeek — tended to generalize more, not less.

    What explains these findings? LLMs trained on overgeneralized scientific texts may inherit human biases from the input. Through reinforcement learning from human feedback, they may also start favouring confident, broad conclusions over careful, contextualized claims, because users often prefer concise, assertive responses.

    The resulting miscommunication risks are high, because researchers, clinicians and students increasingly use LLMs to summarize scientific articles.

    In a recent global survey of nearly 5,000 researchers, almost half reported already using AI in their research — and 58 per cent believed AI currently does a better job summarizing literature than humans. Some claim that LLMs can outperform medical experts in clinical text summarization.

    Our study casts doubt on that optimism. Over-generalizations produced by these tools have the potential to distort scientific understanding on a large scale. This is especially worrisome in high-stakes fields like medicine, where nuances in population, effect size and uncertainty really matter.

    Precision matters

    So what can be done? For human authors, clearer guidelines and editorial policies that address both how data are reported and how findings are described can reduce over-generalizations in medical writing. Also, researchers using LLMs for summarization should favour models like Claude — the most accurate LLM in our study — and remain aware that even well-intentioned accuracy prompts can backfire.

    AI developers, in turn, could build prompts into their LLMs that encourage more cautious language when summarizing research. Lastly, our study’s methodology can help benchmark LLMs’ overgeneralization tendency before deploying them in real-world contexts.

    In medical research, precision matters — not only in how we collect and analyze data, but also in how we communicate it. Our research reveals a shared tendency in both humans and machines to overgeneralize — to say more than what the data allows.

    Tackling this tendency means holding both natural and artificial intelligence to higher standards: scrutinizing not only how researchers communicate results, but how we train the tools increasingly shaping that communication. In medicine, careful language is imperative to ensure the right treatments reach the right patients, backed by evidence that actually applies.

    Benjamin Chin-Yee receives funding from the Gates Cambridge Trust and the Social Sciences and Humanities Research Council of Canada.

    Uwe Peters receives funding from a Volkswagen research grant on meta-science (“The Cultural
    Evolution of Scientific Practice”; WBS GW.001123.2.4).

    – ref. Medicine’s over-generalization problem — and how AI might make things worse – https://theconversation.com/medicines-over-generalization-problem-and-how-ai-might-make-things-worse-252486

    MIL OSI – Global Reports –

  • MIL-OSI Global: The legal limits of Trump’s crackdown on sanctuary cities like Philadelphia

    Source: The Conversation – USA – By Jennifer J. Lee, Associate Professor of Law, Temple University

    Immigrant rights advocates call on Philadelphia officials to strengthen the city’s sanctuary policies at a rally on Dec. 10, 2024. Manuel Vasquez/Juntos, CC BY-NC-SA

    President Donald Trump signed an executive order on April 28, 2025, that demands the U.S. attorney general, in coordination with the secretary of Homeland Security, publish a list of cities and states that obstruct the enforcement of federal immigration laws, with the purpose of protecting Americans from “criminal aliens.”

    Philadelphia will likely end up on the list.

    Philadelphia is what’s known as a sanctuary city. While the term has no fixed definition, it usually refers to a city that has declared its refusal to cooperate – or even works at odds – with federal immigration enforcement.

    As a law professor at Temple University in Philadelphia, where I supervise students who represent low-wage immigrant workers, I know that sanctuary policies can slow the federal immigration enforcement system.

    But the bottom line is that federal immigration officers – usually U.S. Immigration and Customs Enforcement – can still carry out deportations in a sanctuary city.

    Further, there is no question that localities such as Philadelphia can legally decide not to cooperate with federal immigration enforcement. Cities, like states, have constitutional protections against being forced to administer or enforce federal programs. The Trump administration cannot force any state or local official to assist in enforcing federal immigration law.

    What remains to be seen is what, if any, action the administration will take against those jurisdictions that end up on their list of sanctuary cities.

    Philly’s sanctuary policies

    My work has involved researching sanctuary policies as well as how often ICE relies on local law enforcement to help identify and turn over immigrants.

    Philadelphia’s various sanctuary policies break that connection and leave ICE to its own devices. They also signal to immigrants that the city is not in the business of federal immigration enforcement. Research shows this helps immigrants feel safer to access public benefits and services such as getting care at a community health center or calling the police without fear of immigration consequences.

    Protestors participate in an ‘Abolish ICE’ march through downtown Philadelphia in 2018.
    Bastiaan Slabbers/NurPhoto via Getty Images

    Philadelphia’s most notable sanctuary policy, an executive order signed by then-Mayor Jim Kenney in January 2016, is its refusal to have its jails honor ICE detainers or requests for release dates. An ICE detainer is a voluntary request asking local officials to hold an immigrant, who is otherwise going to be released, for an additional 48 hours so ICE can pick them up.

    Failing to honor ICE detainers disrupts the deportation pipeline and makes ICE’s job more difficult.

    Another key Philadelphia sanctuary policy dates back to 2009 and was signed by then-Mayor Michael Nutter. It makes clear that city officials do not police immigration. Not only are all city workers – including police, firefighters and behavioral health workers – prohibited from asking about immigration status in most situations, but police are specifically directed not to stop, arrest or detain a person “solely because of perceived immigration status.”

    Yet there is no way to enforce these sanctuary policies. Under these laws, city officials who violate them do not face consequences. Compliance relies on a commitment from officials who believe that following these policies is the right thing to do.

    Philadelphia has also acted in other ways to break the link between the city and immigration enforcement.

    Since 2017, Philadelphia jails have had a protocol that discourages ICE from interviewing immigrants held in jail. Prior to providing ICE with access to such individuals, the jails must first send a consent form to an immigrant to inform them of their right to decline an ICE interview.

    In 2018, Philadelphia ended ICE’s access to the city’s preliminary arraignment reporting system used by the Philadelphia Police Department and district attorney’s office. The city said it terminated its database-sharing contract with ICE given the “unacceptable” way the agency used the system, which “could result in immigration enforcement action against Philadelphians who haven’t been arrested, accused of, or convicted of any crime.”

    While these policies cannot protect Philadelphia residents who have been arrested by ICE, the lack of help of local officials will make it more difficult for the administration to deliver on its promise to deport a record number of immigrants.

    ICE raided a car wash and arrested seven people in Philadelphia on Jan. 28, 2025.
    U.S. Immigration and Customs Enforcement via Getty Images

    Sanctuary campuses and churches

    Apart from the city itself, other public and private institutions within Philadelphia have created sanctuary spaces.

    In June 2021, the School Board of Philadelphia adopted a sanctuary resolution as part of an effort to create welcoming schools for immigrant children. In January 2025, the Philadelphia School District reaffirmed its commitment.

    Under the first Trump presidency, religious institutions, such as the Germantown Mennonite Church in Northwest Philly and the Tabernacle United Church in West Philly, provided sanctuary inside their churches to immigrants who had received final orders of deportation from ICE.

    The University of Pennsylvania declared itself a sanctuary campus in 2016 but is currently shying away from that label while faculty, staff and students demand that the university clarify its policies on immigration enforcement.

    Since 2011, ICE has had a “sensitive locations” memo that disfavors but does not entirely prohibit immigration enforcement in places of worship, as well as hospitals and schools. The Biden administration strengthened the “sensitive locations” memo in 2021. Trump rescinded the memo during his first month in office.

    Activists want Philadelphia Mayor Cherelle Parker to commit to defending Philadelphia’s sanctuary policies.
    AP Photo/Matt Rourke

    Retaliation against sanctuary cities

    From the viewpoint of the Trump administration, state and local officials who defy the enforcement of immigration law are engaged in “a lawless insurrection” that creates public safety and national security risks.

    Despite the administration’s strong rhetoric about the “criminal alien,” 46% of people currently held in immigration detention have no criminal record, according to the Transactional Records Access Clearinghouse at Syracuse University. Many others have minor offenses, including traffic violations.

    The executive order vows to terminate federal grants and pursue all enforcement measures to bring such jurisdictions “into compliance with the laws of the United States.”

    Such terminations may not be legal.

    On April 24, 2025, a federal judge enjoined language in an earlier executive order directing the government to take action against sanctuary cities to ensure that they do not receive access to federal funds.

    Past instances to pull federal funding from Philadelphia because of its sanctuary city status have also failed. The first Trump administration was unsuccessful at terminating a US$1 million federal grant to Philadelphia after the city sued and won in federal court in 2017.

    The executive order also makes legally questionable claims that state and local officials who follow their sanctuary policies are engaging in criminal activity, such as the obstruction of justice, unlawful harboring or activities that violate federal RICO law. Regardless, the administration may still choose to pursue high-profile prosecutions of state and local officials.

    The federal government’s efforts to punish sanctuary cities will undoubtedly be mired in legal challenges across the country. Yet Philadelphia officials must still decide in this moment whether to stand strong with the city’s current sanctuary policies. City Council member Rue Landau has been outspoken about maintaining Philadelphia’s sanctuary status to ensure that public resources will never be used to support federal deportation efforts. But Mayor Cherelle Parker has not committed to strengthening or even ensuring the city’s sanctuary protections.

    According to The Philadelphia Inquirer, the same day Trump signed the executive order, Parker reiterated that Philadelphia still operates under its 2016 sanctuary policy. However, she did not use the term “sanctuary city,” the Inquirer noted, and she “said she would not comment in more detail until Trump makes concrete moves that affect Philadelphia.”

    This is an updated version of a story originally published on December 18, 2024.

    Read more of our stories about Philadelphia.

    Jennifer J. Lee 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. The legal limits of Trump’s crackdown on sanctuary cities like Philadelphia – https://theconversation.com/the-legal-limits-of-trumps-crackdown-on-sanctuary-cities-like-philadelphia-255580

    MIL OSI – Global Reports –

  • MIL-OSI USA: CE Los Angeles, multiagency case dismantles identity theft mill, organized retail scheme spanning 7 California counties

    Source: US Immigration and Customs Enforcement

    LOS ANGELES — Felony charges were filed April 25 against three people involved in a suspected identity theft mill, where stolen identities were used in an organized retail crime scheme. The scheme involved suspects applying for store credit cards using stolen identities and credit lines to purchase merchandise. The fraud scheme was carried out in Los Angeles, Orange, San Bernardino, Riverside, Alameda, San Mateo, and Santa Clara Counties. U.S. Immigration and Customs Enforcement assisted the investigation led by the California Department of Justice based on a referral from a Signet Jeweler’s Corporate Fraud Investigator, in cooperation by Santa Maria Police Department, Los Angeles County Sheriff’s Department, California Highway Patrol and Westminster Police department.

    “These arrests are the result of excellent collaboration between HSI, private industry, state and local law enforcement partners,” ICE Homeland Security Investigations Orange County Assistant Special Agent in Charge Christopher Bracken. “HSI will work tirelessly with our partners in California to ensure that those who commit fraud will be held accountable.”

    As a result of the investigation, a 34-count felony complaint was filed against three defendants by DOJ. The charges include organized retail theft, grand theft, and identity theft of 13 victims.

    “I am committed to using the full force of the California Department of Justice to fight organized retail crime both in the field and in the courtroom,” said Attorney General Rob Bonta. “This was not a one-off shoplifting offense, it was a malicious, coordinated scheme. These crimes hurt our businesses and pose a serious threat to our communities. I am thankful to Signet Jewelers as well as our local and state law enforcement partners for their collaboration in the battle against organized retail crime. We will not give up until we put a stop to this criminal activity all together.”

    From March 2023 to July 2023, the defendants fraudulently obtained over $100,000 worth of merchandise from high end retail stores and Harbor Freight retailers.

    “The Los Angeles County Sheriff’s Department is deeply committed to tackling organized retail crime through strategic multiagency collaboration, intelligence sharing, and targeted enforcement,” said Los Angeles County Sheriff’s Department Detective Division Chief Joe Mendoza. “By working closely with our local, state, and federal partners, we continue to strengthen our efforts, disrupt criminal networks, protect both businesses and our communities, while holding individuals accountable.”

    A copy of the criminal complaint in this case is available here. Photos related to this investigation can be found here, here and here.

    MIL OSI USA News –

  • MIL-OSI: PayOS Teams Up with Mastercard and Visa Intelligent Commerce, Emerges From Stealth to Power AI-Driven Payments

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, April 30, 2025 (GLOBE NEWSWIRE) — PayOS, the first card-native payments infrastructure for AI agents, today emerged from stealth and announced collaborations with Mastercard and Visa. Through partnerships with Mastercard to leverage Mastercard Agentic Tokens, and with Visa Intelligent Commerce, an initiative that opens Visa’s payment network to developers building AI agents transforming commerce. PayOS will deliver AI developers direct, global access to the world’s leading payment networks.

    PayOS lets developers add checkout, billing, and money movement to agentic workflows unlocking new use cases in AI commerce.

    The card-native system lets users link a card once and enable it across agentic workflows—with human-in-the-loop controls, PCI security, support for every major card network, and full processor flexibility.

    “Our vision is simple: empower autonomous agents to handle money as effortlessly—and safely—as humans do,” said Johnathan McGowan, Co-Founder and CEO of PayOS. “PayOS makes that vision a reality, powering secure and frictionless commerce for the agent-driven economy.”

    “Agentic commerce won’t scale without fixing payments,” added Aparna Krishnan Girish, Co-Founder and CPO. “PayOS unlocks entirely new experiences by removing that friction.”

    The founding team brings deep payments expertise—solving the last-mile challenge for the agent-driven economy.

    Learn more in the PayOS launch blog: https://payos.ai/blog/payos-launch

    Partner Perspectives:
    Seema Chibber, Executive Vice President, Core Payments, Mastercard, North America: “Harnessing the potential of AI to enable seamless, secure, and intelligent transactions will define the future of commerce. With Mastercard Agent Pay, we are taking our proven tokenization technology to new heights and empowering people and businesses to transact with trust, security, and control. PayOS clearly shares this vision, and we’re excited to team up to expand the reach and impact of agentic commerce globally.”

    Rodney Robinson, CEO, TabaPay Inc: “We’re proud to partner with PayOS to power agentic payments—pull, push, and billing for AI agents — enabling seamless transactions at scale.”

    Howard Xiao, Head of Strategic Partnerships at VGS: “Tokenization is at the forefront of empowering agentic commerce and we’re proud to partner with PayOS, a pioneer for agentic card payment platforms.”

    Early-Access Partners Already Exploring Agentic-Commerce Applications

    PayOS has partnered with founding early-access partners INKPAY and Knowlee, who are currently exploring diverse agentic-commerce use cases alongside an expanding roster of AI-first startups.

    Robert Towles, CEO at INK Holdings, INK Games, and INKPAY stated: “Agentic Payments will change the future of payments in the gaming industry, and we are excited to be an early adopter and leader in agentic commerce. We’re proud to partner with PayOS, a pioneer in agentic card payment platforms.”

    Developers, fintechs, and AI platforms can apply for early access at https://payos.ai

    About PayOS
    PayOS is a next-generation card-native payments and billing platform powering agent-driven commerce. The platform enables agents to securely vault cards, streamline checkouts, send and receive payments, and manage billing—all through a unified, compliant system. Founded in 2025 and backed by industry veterans, PayOS is headquartered in San Francisco.

    Visa is a registered trademark of Visa International Service Association.

    Mastercard is a registered trademark of Mastercard International Incorporated.

    The MIL Network –

  • MIL-OSI USA: TRANSCRIPT: LEADER JEFFRIES REMARKS ON PRESIDENT TRUMP’S FIRST 100 DAYS

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Today, Democratic Leader Hakeem Jeffries delivered the following speech on what a disaster for the American people that Donald Trump’s first 100 days have been and how costs, chaos and corruption are all up, thanks to the President and his Rubber Stamp Republicans.

    Good morning. Good morning. Thank you. Thank you, everyone. Good morning. Good morning. Thank you. Good morning. Good morning. Good morning.

    Right at the top, let me make one thing clear: The Trump administration has been a disaster. 100 days in, Donald Trump and Elon Musk have failed to make your life more affordable. They failed to make you safer. They failed to make us more respected around the world. But their biggest failure is this: they have failed to appreciate the strength of the American people.

    During the dawn of the Republic, it was once observed that when people fear the government, there is tyranny. When the government fears the people, there is liberty.

    Donald Trump and Republicans thought they could shock and awe us into submission. They thought we would be too complacent to stand up for liberty and justice for all. They thought we would walk away from the principle of equal protection under the law. They thought wrong. They thought wrong. They thought wrong.

    Trump’s unconstitutional assault on the American way of life is unprecedented, but the so-called dictator on day one is learning an important lesson. Americans don’t bend the knee to bullies. In the face of tyranny, we join together. In the face of tyranny, we rise up together. In the face of tyranny, we get into some good trouble together. And we’re just getting started.

    100 days in, Donald Trump has the lowest approval rating of any president in modern American history. 100 days in, voters have elected Democrats in Republican-held districts all across the country, including in Iowa and Pennsylvania. 100 days in, Elon Musk spent $25 million to buy a state supreme court seat in Wisconsin, and lost by double digits. 100 days in, more than 200 different lawsuits have been filed against the unconstitutional and unlawful executive orders of Donald Trump, and the American people are winning in court. 100 days in, principled opposition to Republican extremism is taking shape from sea to shining sea. The American people are rising up and making it clear that the Trump administration has a lot to fear.

    When my oldest son JJ was 9 years old, he played travel baseball with a group of his friends. Many of you know that travel sports can be taxing on the schedule. It’s a labor of love for our children. During the season, it seems like almost every weekend for several months, you’re on the road. And so, this one particular Memorial Day weekend, JJ had a baseball tournament in a little town off the beaten path somewhere in the Northeast. 

    Travel sports can take you to some interesting places. I decided to make it a road trip and bring my youngest son, Joshua, with us. He was just 6 years old at the time. And so I said to him, he’s gonna come on this trip, and it’ll be like a vacation. What did I say that for, y’all? 

    When I mentioned vacation, he had visions of Atlantis. So we pulled up to the motel where we were staying, and the situation was a bit shaky. My 6 year old looked at the motel, looked at me, looked at the motel and looked at me and said: “Dad, is this where we’re staying?” I said, “Yes, Joshua, why do you ask?” He responded, “Oh my God, Dad, this is a debacle.” 6 years old. I looked at him and asked, “What does the word debacle mean?” He responded quickly. He said: “I don’t know Dad, it’s something bad.”

    This is the moment we are in right now in the United States of America, with Donald Trump and the Republicans in charge. 

    Crashing the economy is something bad. Destroying Medicaid as we know it is something bad. Taking a chainsaw to Social Security is something bad. Raising costs on hardworking American taxpayers is something bad. Firing federal workers, including thousands of veterans who served this country, is something bad. Canceling medical research for children with cancer is something bad. Destroying the retirement accounts of everyday Americans is something bad. Trying to whitewash the most painful parts of our history is something bad. Targeting law-abiding immigrant families is something bad. Undermining the rule of law is something bad. 

    The first 100 days of the Trump administration have been a debacle. Enough. Enough. America is better than this. 

    When the new Congress began in January, Democrats were prepared to get to work in a bipartisan way. The Trump administration chose a different path. Far-right Republicans are tearing America apart, targeting our democratic way of life and tarnishing our reputation as the land of the free. It is wrong, and we will continue to push back aggressively. Donald Trump and the Republicans in Congress have given us 100 days of chaos, 100 days of cruelty and 100 days of corrupt behavior. That is not constructive leadership, it’s a recipe for disaster. 

    The American people deserve common sense leadership, the American people deserve compassionate leadership, the American people deserve courageous leadership that changes things for the better. Our message to the American people is simple: We hear you. We see you. We feel you. Democrats are determined to make life better for you.

    Donald Trump and his sycophants spent yesterday bragging about the speed with which they’ve moved during these first 100 days. They’re right.  Never has a president failed so spectacularly, so often, so quickly as Donald Trump. The White House referred to its strategy for the first 100 days as “shock and awe.” Well, they’re half right. It is shocking how rapidly this administration collapsed into chaos, cruelty and corruption. It is shocking how quickly MAGA Republicans turned their backs on working class Americans. It is shocking how spineless Republicans have been in the United States Congress. And it is shocking and tragic and infuriating how much damage Donald Trump and the Republican party’s policies have already done.

    Here’s the thing. They expected us to step back. But the American people are here to fight back. On the campaign trail, Donald Trump promised to end inflation. He promised to lower costs on day one.  When he was asking for your vote, Donald Trump told you he would make life more affordable for everyday Americans. Now that he’s in office, it’s a different story.

    In March, President Trump was asked if he was worried that car prices would go up because of his tariffs. His reply? “I couldn’t care less.” The cost of living in the United States is too high. America is too expensive. And Donald Trump couldn’t care less. He couldn’t care less that housing costs are too high. He couldn’t care less that grocery costs are too high. He couldn’t care less that childcare costs are too high. He couldn’t care less that health insurance costs are too high. He couldn’t care less that utility costs are too high. Donald Trump couldn’t care less. Prices everywhere are too high, and Donald Trump couldn’t care less. 

    100 days in, Donald Trump is making life harder for you and your family. And every day his costly tariffs stay in place, life in America gets more expensive. American families will pay thousands of dollars more per year. Small businesses are shutting down. Corporations are not hiring. Businesses are unable to invest because of the uncertainty that has been created.  Inflation is on the rise, life is getting more expensive and the reckless economic policies of Donald Trump and House Republicans are driving us toward a recession.

    Republicans in Congress could put a stop to this insanity at any time. Since they won’t, next November, we will. Yes, we will. Yes, we will. Which brings me to Elon Musk. I knew he would get that reaction. 

    We all agree that government should be more efficient. But like most things in life, there’s the American way and then there’s the cruel way. 100 days in, it’s clear that DOGE is not the American way. Cancelling medical research for children with cancer is cruel. Denying relief for communities reeling from natural disasters is cruel. Firing thousands of our veterans, like Joseph Quintinella of Virginia, who served this country in the Marines, is cruel. 

    But their cruelty doesn’t stop there. Republicans actually believe that Social Security is a Ponzi scheme. And they want to take a chainsaw to it. During the first 100 days of the Trump administration, Social Security has faced an unprecedented attack. Social Security offices have been closed, wait times have dramatically increased and people are being denied access to benefits that they have earned. Republicans continue to insist that Social Security is an entitlement program. They think they are entitled to destroy it. 

    When I was 15 years old, I got my working papers and secured my first job. I was a messenger dropping off packages from office building to office building in Midtown Manhattan. My salary was $3.35 per hour. That was the minimum wage back in the day. And I thought that I had made it big, particularly upon learning that as a high school student who worked part time, I wouldn’t have to pay any income tax. So I couldn’t wait to get my first check. 

    On a piece of paper, I multiplied $3.35 by the number of hours I expected to work during my first pay period. I figured out the total, and in my mind, that money was already spent. I couldn’t wait to go to Albee Square Mall in downtown Brooklyn and get some new sneakers so I could dress like Run DMC. But then the check came, and some money was missing. 

    I had two questions, y’all: Who is FICA, and why is he taking my money? 

    Here’s what I learned. All of us pay the FICA tax in connection with Social Security and Medicare. We pay the FICA tax on our first job. We pay the FICA tax on our last job. We pay the FICA tax on every single job we have throughout our lifetime. 

    Social Security and Medicare are not entitlement programs. They are earned benefits. Earned benefits. You work hard for those benefits, pay into those benefits and deserve those benefits. They are earned benefits. 

    Democrats will make sure that Donald Trump and House Republicans keep their hands off your Social Security and your Medicare. Hands off today. Hands off tomorrow. Hands off this week. Hands off next week. Hands off this month. Hands off next month. Hands off this year. Hands off next year. Hands off Social Security and Medicare Forever. Forever. Forever.

    Now, if this administration actually had some common sense, it would look at the damage that it’s done, the rejection from the people, the historic unpopularity of this president, and they would change course. But Donald Trump is doubling down. And instead of being a check and balance on this president’s abuse of power, Republicans in Congress are nothing more than a rubber stamp for his extreme agenda.

    Recently, I met a woman named Mary Beth. She lives in Canton, North Carolina, a town of 4,400 people that is still rebuilding from Hurricane Helene. She has custody of her four grandchildren, ages 10, 12, 15 and 16. Their parents can no longer care for them due to addiction, domestic violence and homelessness. The moment you talk to Mary Beth, you know that caring for those grandkids is everything. 

    And she’s doing it on a fixed income, working part time making $8 an hour at a coin laundry— and is no longer employed—to supplement the disability support that she had received. Mary Beth has had to skip refilling her prescriptions to make sure her grandkids don’t have to skip any meals. 

    Medicaid is the only reason her grandchildren are able to see a doctor, including the youngest, who is dealing with ADHD and autism. Mary Beth works hard, loves her family and is a patriotic American. And Mary Beth is here with us today. 

    But her family, just like millions of others throughout America, is now at risk of losing their healthcare. Why? Republicans are trying to slash Medicaid by up to $880 billion, the largest healthcare cut in American history.  

    And why are Republicans trying to rip healthcare away from working people, from Americans with disabilities, from children, from grandmothers like Mary Beth? So that they can give their billionaire donors like Elon Musk another tax cut. These healthcare cuts will hurt families, hurt women, hurt children, hurt veterans, hurt seniors and hurt disabled Americans. Hospitals will close, nursing homes will shut down and people will die. 

    Here’s the thing, in the United States of America—this is the wealthiest country in the history of the world—healthcare is not a privilege, healthcare is a right for every single American. For every single American. 

    If we were in the majority right now, none of this would be happening. But even in the minority, we are going to do everything we can to protect the healthcare of the American people.

    And we’ll keep reminding our Republican colleagues—especially the ones who vote like extremists but then go home and pretend to be moderates when it’s time to run for re-election— that the people are watching. It’s time for Republicans in Congress to stop being a rubber stamp for Donald Trump’s extreme agenda.

    You don’t work for Donald Trump. You don’t work for Elon Musk. You don’t work for the far-right extremists. You work for the American people.

    As Democrats, we will fight as hard as we can, fight as hard as we can, over the next two years to stop bad things from happening. We will protect our system of free and fair elections.

    And then work hard to convince the American people to entrust us with the majority next November. At that point, we will be able to do much, much more for you.

    We will build an affordable economy that works for everyday Americans. We will confront the climate crisis with the fierce urgency of now. We will block any budget that goes after your Social Security, Medicare or Medicaid. And we will hold the Trump administration accountable for its corrupt abuse of power.

    Over these next 100 days, House Democrats are going to lay out a blueprint for a better America. And you will see a vision for this country’s future that isn’t about Donald Trump. It’s all about you. All about you. How can we make your life better? How can we put more money in your pocket? How can we lower your costs? How can we help you give your kids the future they deserve? These are the questions we are thinking about each and every day.

    Now, the American Dream isn’t about getting something for nothing. You have to work for it. But if you work hard and play by the rules, here’s what you should be able to have: A good-paying job. An affordable home. High-quality healthcare. Education for your children. And the ability to retire with grace and with dignity. That’s the American Dream. That’s the American Dream. That’s the American Dream. And when we’re back in charge, that’s what we will fight hard to deliver for you. 

    In January—late January—I had the opportunity to visit the Altadena community in Los Angeles County that was devastated by the wildfires. I met someone named Jackie Jacobs, an amazing 88-year-old woman who was raised in the Jim Crow South before moving to California. Her home was tragically burned to the ground.  She and her husband, David, who have been married for more than 50 years, barely managed to escape the raging wildfires. All they had was the clothing on their backs. They lost everything else. Photos gone. Possessions gone. Property gone. But the first thing Mrs. Jacobs said to us while touring the devastation was that she gave all glory, all praise and all honor to Almighty God—just as the Scripture teaches us. She believed that things would work out. Several of us teared up. Mrs. Jacobs lost everything, but she never lost her faith. She never lost her faith.

    Republicans have shown that their recipe for governing is chaos, cruelty and corruption. These first 100 days have not been easy. Everything we care about is under assault. The economy is under assault. Healthcare is under assault. Social Security is under assault. Veterans are under assault. Farmers are under assault. The right to organize is under assault. Public schools are under assault. The American way of life is under assault. Democracy itself is under assault. Everything we care about is under assault. 

    But just like Mrs. Jacobs, we must never lose faith. We must never lose faith. Faith in our community. Faith in our country. Faith in a brighter future. Faith in Almighty God. 

    America is a resilient nation. We are a resilient people. We have a resilient Constitution. We will never give up.  We will never give in. We will always show up. We will always speak up. We will always stand up. We will continue our march toward a more perfect union. We will not rest until we end this national nightmare and deliver an America with liberty and justice for all.

    God bless you. God bless our troops. May God continue to bless the United States of America.

    Full speech can be viewed here.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Weber Introduces Police Officers Protecting Children Act

    Source: United States House of Representatives – Congressman Randy Weber (14th District of Texas)

    Washington, D.C. – Today, U.S. Reps. Randy Weber (TX-14) and August Pfluger (TX-11) introduced the Police Officers Protecting Children Act to allow qualified law enforcement officers and retired law enforcement officers to carry a concealed firearm in a school zone. Senator Tim Sheehy (R- MT) introduced the companion bill in the U.S. Senate.

    “In Southeast Texas, we know that evil people do evil things, and in 2018 the unimaginable happened at Santa Fe High School, leaving ten people dead,” said Rep. Weber. “There is absolutely no reason we should prevent trained professionals—our law enforcement heroes—from stepping up to protect our children. This bill is about empowering those who are ready and able to respond in a crisis.”

    “Our children deserve to feel safe every time they step into a classroom,” said Rep. Pfluger. “The Police Officers Protecting Children Act would empower qualified law enforcement officers to carry concealed firearms within school zones, ensuring they can act quickly to safeguard students during emergencies. As a father of three school-aged daughters, I send my girls to school each morning with the hope that they are protected and secure, and this legislation will help me and parents across the country have greater peace of mind. I am honored to partner with Congressman Weber and Senator Sheehy to reintroduce this commonsense legislation.”

    Read the bill here.

    The legislation is cosponsored by U.S. Representatives: Rep. Don Bacon (NE-02), Rep. Claudia Tenney (NY-24), Rep. Jim Baird (IN-04), and Andrew Clyde (GA-09).

    MIL OSI USA News –

  • MIL-OSI USA: Governor Stein Champions Child Care and Early Education at Smart Start Conference

    Source: US State of North Carolina

    Headline: Governor Stein Champions Child Care and Early Education at Smart Start Conference

    Governor Stein Champions Child Care and Early Education at Smart Start Conference
    lsaito

    Raleigh, NC

    Today Governor Josh Stein joined the Smart Start Conference in Greensboro to highlight his priorities for child care and early education. Governor Stein also urged North Carolina’s federal delegation to oppose efforts to eliminate the Head Start program. 

    “Programs like Smart Start help North Carolina’s children live up to their full potential,” said Governor Josh Stein. “Federal proposals to eliminate the Head Start program are wrongheaded. Investing in our kids is investing in our future – and I’ll take that return every time.” 

    Today Governor Stein, Lieutenant Governor Hunt, and Superintendent Maurice “Mo” Green sent a letter to Congressional leaders, including North Carolina’s federal delegation, laying out the consequences of proposals to eliminate the Head Start program. There are more than 19,500 children in North Carolina who rely on Head Start and Early Head Start for high-quality child care, access to health screenings, and healthy food to prepare them for school and beyond. Head Start brings over $290 million in federal funds directly to local economies in North Carolina, supporting more than 5,600 jobs across local agencies, private nonprofit child care centers, and school systems. If federal Head Start funding were to be cut, as many as 500 child care programs that operate Head Start and Early Head Start may close. North Carolina is classified as a “child care desert” for infant and toddler care, where on average, five families with babies are competing for every available licensed child care slot.  

    In March Governor Stein launched the North Carolina Task Force on Child Care and Early Education. The task force seeks to identify solutions to expand access to affordable, high-quality child care and early education across North Carolina and to support and grow the early childhood education workforce. Governor Stein remains committed to ensuring that North Carolina’s children are able to learn and thrive in safe, nurturing, and supportive child care and early education settings. Investing in child care will also support parents and employers by reducing the number of people who would otherwise be pushed out of the workforce due to lack of child care. 

    Read Governor Stein, Lieutenant Governor Hunt, and Superintendent Green’s full letter to Congress here.  
     

    Apr 30, 2025

    MIL OSI USA News –

  • MIL-OSI: Calian to Hold Conference Call Following Announcement of Second Quarter FY 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, April 30, 2025 (GLOBE NEWSWIRE) — Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, will hold a conference call at 8:30 a.m. Eastern Time on Wednesday, May 14, 2025, to discuss results for the three-month period ended March 31, 2025. The results will be released before markets open.

    Interested participants from the financial and media community should join the live presentation by going to the Calian website and clicking on the Investors section to find the conference call link or directly via the following URL: https://edge.media-server.com/mmc/p/b8tamp8d/

    A replay of the audio webcast will be available at the same location a few hours after the conclusion of the call.

    About Calian

    www.calian.com

    We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

    Product or service names mentioned herein may be the trademarks of their respective owners.  

    Media inquiries:
    media@calian.com
    613-599-8600

    Investor Relations inquiries:
    ir@calian.com

    —————————————————————————–

    DISCLAIMER

    Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

    Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
    Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

    The MIL Network –

  • MIL-OSI: Bank of the James Announces First Quarter of 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LYNCHBURG, Va., April 30, 2025 (GLOBE NEWSWIRE) — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc. (“PWW”), an SEC-registered investment advisor, today announced unaudited results of operations for the three month period ended March 31, 2025. The Bank serves Region 2000 (the greater Lynchburg MSA) and the Blacksburg, Buchanan, Charlottesville, Harrisonburg, Lexington, Nellysford, Roanoke, and Wytheville, Virginia markets.

    Net income for the three months ended March 31, 2025 was $842,000 or $0.19 per basic and diluted share compared with $2.19 million or $0.48 per basic and diluted share for the three months ended March 31, 2024.

    Robert R. Chapman III, CEO of the Bank, commented: “Our focus during the past several years on managing interest expense in a significantly higher rate environment was reflected in the first quarter’s lower year-over-year interest expense. Appropriate adjustments to loan rates and optimizing the performance of the Bank’s investments continued to generate steady interest income growth. As a result, net interest margin and interest spread continued to trend positively. Strong, quality earnings over the years have supported our ability to build and maintain a strong cash position and exceptional liquidity.

    “The Company’s core operations for first quarter of 2025 produced solid earnings. However, our earnings were negatively impacted by a non-recurring expense paid to a consultant that we used to successfully negotiate a contract with our core service provider. We anticipate that this contract will result in significant long-term cost savings.

    “We anticipate that the holding company’s cash position will allow it to pay off approximately $10 million of capital notes as they mature in June, without the need to raise new capital. Eliminating this debt-related interest expense will reduce our interest expense by approximately $327,000 annually and will help reduce our overall interest-bearing liabilities rate. The Company and Bank will continue to maintain sound capital positions.

    “Operationally, the first quarter of 2025 was highlighted by steady growth of commercial real estate loans, with stable income contributions from a balanced portfolio of commercial, residential mortgage, construction, and consumer loans. Fee income contributions from commercial treasury services, credit and debit card processing, and PWW’s wealth management activities have continued to generate complementary noninterest income.

    “We continue to emphasize relationship banking with commercial and retail clients, providing the broad range of capabilities and expertise that position Bank of the James as the go-to source for financial services. We offer stability and security in a period of significant economic uncertainty.

    “The Company is building value for shareholders, as evidenced by growth in stockholders’ equity, retained earnings, and a higher book value per share in the first quarter. We remain focused on efficient operations, maintaining superior asset quality, and sustainable growth.”

    President Mike Syrek commented on expansion and growth opportunities, noting, “We are very excited to announce the addition of two accomplished commercial relationship managers, Brandon Caldwell and Kevin Flint. Both bring considerable experience in the commercial lending space and will further strengthen and grow our regional markets. Caldwell comes to Bank of the James from the USDA, having served there after an extended stint as the senior lending officer at Highlands Community Bank. Caldwell has experience at both small and large-sized institutions, and along with his experience with the USDA, we believe his experience will help us expand our reach in multiple markets. Flint comes to Bank of the James with a dual background in credit and investments. Flint spent most of his career with Truist and its predecessors, managing high-profile commercial clients within the markets we serve. Kevin also is a Certified Financial Planner and has spent the last few years working as a CFP. Flint’s dual roles will help further the growth in our Harrisonburg market as well as beyond.

    “These additions help strengthen an already high-performing commercial team and illustrate our focus on growth and obtaining additional market share in the regions that we serve. We are delighted to have both men as part of the Bank of the James family.”

    First Quarter of 2025 Highlights

    • Net income and earnings per share (EPS) in the first quarter of 2025 were impacted by higher noninterest expense, primarily reflecting a one-time approximately $1 million expense related to the negotiation of a contract with our banking core provider. Over the 65-month term of this contract, the Company anticipates realizing up to $5 million in savings as compared to our previous contract.
    • Total interest income rose 6.90% to $11.23 million in the first quarter of 2025 compared with $10.51 million a year earlier. The growth primarily reflected higher yields on loans, commercial real estate (CRE) growth, and the addition of higher-rate residential mortgages. The average yield earned on loans, including fees, increased to 5.56% compared with 5.28% a year earlier.
    • Net interest income after provision for credit losses increased to $7.58 million in the first quarter of 2025 compared with net interest income after recovery of credit losses of $7.50 million a year earlier for the full year of 2024. Interest expense in the first quarter declined from the previous year’s first quarter due to a decrease in the average rate paid on interest bearing liabilities.
    • Net interest margin in the first quarter of 2025 improved to 3.25%, reflecting a steady upward quarterly trend from 3.02% in the first quarter of 2024. Interest spread in the first quarter rose to 2.95% from 2.73% in the prior year’s first quarter.
    • Total noninterest income of $3.28 million in the first quarter of 2025 was stable compared with a year earlier, primarily reflecting continuing strong contributions from commercial treasury services, residential mortgage origination fee income, and wealth management fee income from PWW, which generated $0.09 earnings per share in the first quarter.
    • Loans, net of the allowance for credit losses, increased to $642.39 million at March 31, 2025 from $636.55 million at December 31, 2024 and $601.12 million a year earlier.
    • Commercial real estate loans (owner occupied and non-owner occupied) led lending activity, increasing to $359.76 million from $335.53 million at December 31, 2024 and from $305.52 million a year earlier.
    • Measures of asset quality remained strong, highlighted by a ratio of nonperforming loans to total loans of 0.28% at March 31, 2025, low levels of nonperforming loans, and zero other real estate owned (OREO).
    • Total assets grew 3% to $1.01 billion at March 31, 2025 from $979.24 million at December 31, 2024. Total assets increased by $26.84 million from March 31, 2024.
    • Total deposits were $911.68 million at March 31, 2025, up from $882.40 million at December 31, 2024, reflecting growth in core deposits (noninterest bearing demand deposits, NOW, money market and savings).
    • Shareholder value measures included growth in stockholders’ equity to $68.35 million at March 31, 2025 from $64.87 million at December 31, 2024, higher retained earnings, and a book value per share of $15.04, up from $14.28 at December 31, 2024.
    • On April 15, 2025, the Company’s board of directors approved a quarterly dividend of $0.10 per common share to stockholders of record as of June 6, 2025, to be paid on June 20, 2025.

    First Quarter of 2025 Operational Review

    The Company retained a consultant to assist it in negotiating an amendment to and extension of the contract with its provider of its core banking platform— the platform we use for processing transactions, maintaining customer accounts, and supporting other critical banking functions. As previously noted, first quarter 2025 net income and earnings per share reflected the expense associated with this engagement. The Company anticipates that the new contract with our core provider, which was effective April 1, 2025, will generate significant savings over the 65-month term of the contract.

    Net interest income after provision for credit losses for the first quarter of 2025 was $7.58 million compared to net interest income after recovery of credit losses of $7.50 million a year earlier. The provision for credit losses in the first quarter of 2025 was $137,000.

    Total interest income was $11.23 million in the first quarter of 2025 compared with $10.51 million a year earlier. The year-over-year increases primarily reflected upward rate adjustments to variable rate commercial loans and new loans reflecting the prevailing rate environment.

    Investment portfolio management and appropriate rate increases on loans continued to contribute to year-over-year growth in yields on total earning assets, which were 4.73% in the first quarter of 2025 compared with 4.60% a year earlier.

    Total interest expense in the first quarter of 2025 was $3.52 million compared with $3.56 million a year earlier, primarily reflecting a stabilizing interest rate environment and the Bank’s management of rates paid on interest-bearing deposits, including time deposits.

    A stabilizing interest rate environment and the Company’s upward adjustments to floating rate commercial loans and rates on originated and retained residential mortgages contributed to gradual margin pressure relief during the past several quarters. In the first quarter of 2025, the net interest margin was 3.25% compared with 3.02% a year earlier, while interest spread was 2.95% for the quarter compared with 2.73% a year earlier.

    Noninterest income in the first quarter of 2025 was $3.28 million compared with $3.31 million in the first quarter of 2024. The predominant amount of noninterest income in the first quarter of 2025 was generated by fees from debit card activity, commercial treasury services, gains on sale of loans held for sale, and wealth management fees generated by PWW. This slight decrease was due to a decrease in revenue from our mortgage division.

    Noninterest expense in the first quarter of 2025 was $9.83 million compared with $8.09 million a year earlier. The year-over-year increase primarily reflected the previously mentioned contract negotiation fee and higher salaries and employee benefits.

    Balance Sheet: Strong Cash Position, High Asset Quality

    Total assets were $1.01 billion at March 31, 2025 compared with $979.24 million at December 31, 2024. The increase was due primarily to increases in cash and cash equivalents, securities available for sale, and loans.

    Loans, net of allowance for credit losses, were $642.39 million at March 31, 2025 compared with $636.55 at December 31, 2024, reflecting growth of commercial real estate loans.

    Commercial real estate loans (owner-occupied and non-owner occupied, excluding construction loans) totaled $359.76 million at March 31, 2025 compared with $335.53 million at December 31, 2024, reflecting new loans and moderate loan payoffs. Of this amount in the first quarter of 2025, commercial real estate (non-owner occupied) was $205.13 million and commercial real estate (owner occupied) was $154.63 million. The Bank closely monitors concentrations in these segments and has no commercial real estate loans secured by large office buildings in large metropolitan city centers.

    Commercial construction/land loans were $11.54 million, declining from prior levels as projects concluded. Residential construction/land loans at March 31, 2025 were $26.36 million compared with $26.15 million at December 31, 2024. Commercial and industrial loans were $59.98 million at March 31, 2025 compared to $66.42 million at December 31, 2024.

    Residential mortgage loans that the Company intends to keep on the balance sheet totaled $111.65 million at March 31, 2025, essentially unchanged from December 31, 2024, and from a year earlier. Growth of these retained mortgages has been minimal, as the Bank has continued to focus on selling the majority of originated mortgage loans to the secondary market. Consumer loans (open-end and closed-end) totaled $80.12 million, compared with $78.31 million at December 31, 2024.

    Ongoing high asset quality continues to have a positive impact on the Company’s financial performance. The ratio of nonperforming loans to total loans at March 31, 2025 was 0.28% compared with 0.25% at December 31, 2024. The allowance for credit losses on loans to total loans was 1.08% at March 31, 2025 compared with 1.09% at December 31, 2024. Total nonperforming loans were $1.80 million at March 31, 2025 compared with $1.64 million at December 31, 2024. As a result of having no OREO, total nonperforming assets were the same as total nonperforming loans.

    Total deposits were $911.68 million at March 31, 2025 compared with $882.40 million at December 31, 2024. Core deposits (noninterest bearing demand deposits, NOW, money market and savings) were $698.92 million compared with $651.90 million at December 31, 2024. Time deposits declined during the period. At March 31, 2025, the Bank had no brokered deposits.

    Key measures of shareholder value were positive. Stockholders’ equity was $68.35 million at March 31, 2025, up from $64.87 million at December 31, 2024. Retained earnings increased to $43.19 million at March 31, 2025 from $42.80 million at December 31, 2024. Book value per share rose to $15.04 at March 31, 2025 from $14.28 at December 31, 2024, and continued to reflect quarterly fluctuations in required fair market valuations of the Company’s available-for-sale investment portfolio.

    Interest rate fluctuations result in adjustments to the fair value in the Company’s available-for-sale securities portfolio (known as “mark-to-market”), which are reflected in accumulated other comprehensive loss. These mark-to-market losses are excluded when calculating the Bank’s regulatory capital ratios. The available-for-sale securities portfolio is composed primarily of securities with explicit or implicit government guarantees, including U.S. Treasuries and U.S. agency obligations, and other highly rated debt instruments. The Company does not expect to realize the unrealized losses, as it has the intent and ability to hold the securities until their recovery, which may be at maturity. Management continues to diligently monitor the creditworthiness of the issuers of the debt instruments within its securities portfolio.

    About the Company

    Bank of the James, a wholly-owned subsidiary of Bank of the James Financial Group, Inc. opened for business in July 1999 and is headquartered in Lynchburg, Virginia. The Bank currently services customers in Virginia from offices located in Altavista, Amherst, Appomattox, Bedford, Blacksburg, Buchanan, Charlottesville, Forest, Harrisonburg, Lexington, Lynchburg, Madison Heights, Nellysford, Roanoke, Rustburg, and Wytheville. The Bank offers full investment and insurance services through its BOTJ Investment Services division and BOTJ Insurance, Inc. subsidiary. The Bank provides mortgage loan origination through Bank of the James Mortgage, a division of Bank of the James. The Company provides investment advisory services through its wholly-owned subsidiary, Pettyjohn, Wood & White, Inc., an SEC-registered investment advisor. Bank of the James Financial Group, Inc. common stock is listed under the symbol “BOTJ” on the NASDAQ Stock Market, LLC. Additional information on the Company is available at www.bankofthejames.bank.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “plan” and similar expressions and variations thereof identify certain of such forward-looking statements which speak only as of the dates on which they were made. Bank of the James Financial Group, Inc. (the “Company”) undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Such factors include, but are not limited to, competition, general economic conditions, potential changes in interest rates, changes in the value of real estate securing loans made by the Bank, as well as geopolitical conditions. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company’s filings with the Securities and Exchange Commission.

    CONTACT: J. Todd Scruggs, Executive Vice President and Chief Financial Officer (434) 846-2000.

    FINANCIAL RESULTS FOLLOW

    Bank of the James Financial Group, Inc. and Subsidiaries
    Consolidated Balance Sheets
    (dollar amounts in thousands, except per share amounts)

      (unaudited)    
    Assets 3/31/2025   12/31/2024
           
    Cash and due from banks $ 25,760     $ 23,287  
    Federal funds sold   69,206       50,022  
    Total cash and cash equivalents   94,966       73,309  
           
    Securities held-to-maturity (fair value of $3,237 in 2025 and $3,170 in 2024)   3,602       3,606  
    Securities available-for-sale, at fair value   192,780       187,916  
    Restricted stock, at cost   1,821       1,821  
    Loans, net of allowance for credit losses of $7,022 in 2025 and $7,044 in 2024   642,388       636,552  
    Loans held for sale   4,739       3,616  
    Premises and equipment, net   19,257       18,959  
    Interest receivable   2,970       3,065  
    Cash value – bank owned life insurance   23,094       22,907  
    Customer relationship Intangible   6,585       6,725  
    Goodwill   2,054       2,054  
    Deferred tax asset   8,113       8,936  
    Other assets   9,357       9,778  
    Total assets $ 1,011,726     $ 979,244  
           
           
    Liabilities and Stockholders’ Equity      
           
    Deposits      
    Noninterest bearing demand $ 138,619     $ 129,692  
    NOW, money market and savings   560,300       522,208  
    Time deposits   212,764       230,504  
    Total deposits   911,683       882,404  
           
    Capital notes, net   10,049       10,048  
    Other borrowings   9,146       9,300  
    Deferred tax liability   294       –  
    Income taxes payable   –       86  
    Interest payable   688       722  
    Other liabilities   11,518       11,819  
    Total liabilities $ 943,378     $ 914,379  
    Stockholders’ equity      
    Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,543,338 as of March 31, 2025 and December 31, 2024   9,723       9,723  
    Additional paid-in-capital   35,253       35,253  
    Accumulated other comprehensive (loss)   (19,819 )     (22,915 )
    Retained earnings   43,191       42,804  
    Total stockholders’ equity $ 68,348     $ 64,865  
           
    Total liabilities and stockholders’ equity $ 1,011,726     $ 979,244  
                   

    Bank of the James Financial Group, Inc. and Subsidiaries
    Consolidated Statements of Operations
    (dollar amounts in thousands, except per share amounts) (unaudited)

      For the Three Months Ended
      March 31,
    Interest Income 2025
    		   2024
    Loans $ 8,906     $ 8,024  
    Securities      
    US Government and agency obligations   454       338  
    Mortgage backed securities   387       809  
    Municipals – taxable   311       286  
    Municipals – tax exempt   18       18  
    Dividends   13       12  
    Corporates   135       135  
    Interest bearing deposits   123       133  
    Federal Funds sold   887       754  
    Total interest income   11,234       10,509  
           
    Interest Expense      
    Deposits      
    NOW, money market savings   1,248       1,275  
    Time deposits   2,079       2,090  
    Finance leases   17       20  
    Other borrowings   89       92  
    Capital notes   82       82  
    Total interest expense   3,515       3,559  
           
    Net interest income   7,719       6,950  
           
    Provision for (recovery of) credit losses   137       (553 )
           
    Net interest income after provision for (recovery of) credit losses   7,582       7,503  
           
    Noninterest income      
    Gain on sales of loans held for sale   837       927  
    Service charges, fees and commissions   981       953  
    Wealth management fees   1,255       1,163  
    Life insurance income   188       159  
    Other   22       105  
           
    Total noninterest income   3,283       3,307  
    Noninterest expenses      
    Salaries and employee benefits   4,777       4,445  
    Occupancy   570       493  
    Equipment   670       607  
    Supplies   142       145  
    Professional and other outside expense   1,715       801  
    Data processing   820       751  
    Marketing   198       30  
    Credit expense   186       188  
    FDIC insurance expense   142       109  
    Amortization of intangibles   140       140  
    Other   466       379  
    Total noninterest expenses   9,826       8,088  
           
    Income before income taxes   1,039       2,722  
           
    Income tax expense   197       535  
           
    Net Income $ 842     $ 2,187  
           
    Weighted average shares outstanding – basic and diluted   4,543,338       4,543,338  
           
    Earnings per common share – basic and diluted $ 0.19     $ 0.48  
                   

    Bank of the James Financial Group, Inc. and Subsidiaries
    Dollar amounts in thousands, except per share data
    Unaudited

    Selected Data: Three
    months
    ending
    Mar 31,
    2025
    		 Three
    months
    ending
    Mar 31,
    2024
    		 Change
    		      
    Interest income $ 11,234   $ 10,509     6.90 %      
    Interest expense   3,515     3,559     -1.24 %      
    Net interest income   7,719     6,950     11.06 %      
    Provision for (recovery of) credit losses   137     (553 )   -124.77 %      
    Noninterest income   3,283     3,307     -0.73 %      
    Noninterest expense   9,826     8,088     21.49 %      
    Income taxes   197     535     -63.18 %      
    Net income   842     2,187     -61.50 %      
    Weighted average shares outstanding – basic   4,543,338     4,543,338     –        
    Weighted average shares outstanding – diluted   4,543,338     4,543,338     –        
    Basic net income per share $ 0.19   $ 0.48   $ (0.29 )      
    Fully diluted net income per share $ 0.19   $ 0.48   $ (0.29 )      
                 
    Balance Sheet at
    period end:    		 Mar 31,
    2025    		 Dec 31,
    2024    		 Change Mar 31,
    2024    		 Dec 31,
    2023    		 Change
    Loans, net $ 642,388   $ 636,552     0.92 % $ 601,115   $ 601,921     -0.13 %
    Loans held for sale   4,739     3,616     31.06 %   4,640     1,258     268.84 %
    Total securities   196,382     191,522     2.54 %   218,440     220,132     -0.77 %
    Total deposits   911,683     882,404     3.32 %   893,494     878,459     1.71 %
    Stockholders’ equity   68,348     64,865     5.37 %   60,437     60,039     0.66 %
    Total assets   1,011,726     979,244     3.32 %   984,891     969,371     1.60 %
    Shares outstanding   4,543,338     4,543,338     –     4,543,338     4,543,338     –  
    Book value per share $ 15.04   $ 14.28   $ 0.76   $ 13.30   $ 13.21   $ 0.09  
    Daily averages: Three
    months
    ending
    Mar 31,
    2025
    		 Three
    months
    ending
    Mar 31,
    2024
    		 Change
    		      
    Loans $ 646,788   $ 608,172   6.35 %      
    Loans held for sale   2,391     2,481   -3.63 %      
    Total securities (book value)   219,550     248,748   -11.74 %      
    Total deposits   922,207     884,555   4.26 %      
    Stockholders’ equity   64,778     59,891   8.16 %      
    Interest earning assets   963,688     926,354   4.03 %      
    Interest bearing liabilities   800,249     765,728   4.51 %      
    Total assets   1,021,766     978,867   4.38 %      
                 
    Financial Ratios: Three
    months
    ending
    Mar 31,
    2025
    		 Three
    months
    ending
    Mar 31,
    2024
    		 Change
    		      
    Return on average assets   0.33 %   0.90 % (0.57 )      
    Return on average equity   5.27 %   14.69 % (9.42 )      
    Net interest margin   3.25 %   3.02 % 0.23        
    Efficiency ratio   89.31 %   78.85 % 10.46        
    Average equity to average assets   6.34 %   6.12 % 0.22        
                 
    Allowance for credit losses: Three
    months
    ending
    Mar 31,
    2025
    		 Three
    months
    ending
    Mar 31,
    2024
    		 Change
    		      
    Beginning balance $ 7,044   $ 7,412   -4.96 %      
    Retained earnings adjustment related to impact of adoption of ASU 2016-13   –     –   N/A      
    Provision for (recovery of) credit losses*   29     (501 ) -105.79 %      
    Charge-offs   (63 )   (65 ) -3.08 %      
    Recoveries   12     74   -83.78 %      
    Ending balance   7,022     6,920   1.47 %      
                 
    * does not include provision for or recovery of unfunded loan commitment liability
                 
                 
    Nonperforming assets: Mar 31,
    2025    		 Dec 31,
    2024    		 Change Mar 31,
    2024    		 Dec 31,
    2023    		 Change
    Total nonperforming loans $ 1,799   $ 1,640   9.70 % $ 558   $ 391   42.71 %
    Other real estate owned   –     –   N/A   –     –   N/A
    Total nonperforming assets   1,799     1,640   9.70 %   558     391   42.71 %
                 
    Asset quality ratios: Mar 31,
    2025    		 Dec 31,
    2024    		 Change Mar 31,
    2024    		 Dec 31,
    2023    		 Change
    Nonperforming loans to total loans   0.28 %   0.25 % 0.02     0.09 %   0.06 % 0.03  
    Allowance for credit losses for loans to total loans   1.08 %   1.09 % (0.01 )   1.14 %   1.22 % (0.08 )
    Allowance for credit losses for loans to nonperforming loans   390.33 %   429.51 % (39.18 )   1240.14 %   1895.65 % (655.51 )

    The MIL Network –

  • MIL-OSI Global: China has identified how to fight back against Trump’s tariffs, and is not ready to back down

    Source: The Conversation – UK – By Chee Meng Tan, Assistant Professor of Business Economics, University of Nottingham

    US ports are now starting to see scheduled shipments from China decline as the result of Donald Trump’s 145% tariffs on Chinese goods. The port of Los Angeles, the biggest port for Chinese goods in the US, is predicting scheduled shipments in early May to be about a third lower than the same time last year.

    Declining numbers of ships arriving stocked with Chinese imports are likely to affect US supermarket shelves soon, and after warnings from US supermarket bosses, Trump responded by saying trade talks between the US and China were under way in the past few days. But Chinese president Xi Jinping quickly denied talks were happening, suggesting he has no intention of backing away from a fight with the US.

    As one of the most powerful leaders in the history of the People’s Republic of China, Xi has fashioned himself as a nationalistic icon. So if China perceives Trump’s tariffs as a bully tactic designed to undermine it, backing down from a confrontation with the US would seriously undermine Xi’s strongman image and rhetoric.

    This is something that Trump probably hadn’t considered. At a rally marking his 100 days in office, the US president was still suggesting that China would just back down and “eat the tariffs”.

    While tariffs appear to be the primary weapon in the trade war, China might have more tactics to hit back at Trump and the US economy. The question is what might they be?

    A few weeks ago it seemed like Washington might punish China’s lack of willingness to negotiate with more tariffs, but now it’s clear that Trump is willing to make a deal and is trying to get China to come to the table. Trump is now implying that US tariffs on China could come down substantially. And US treasury secretary Scott Bessent has called the trade war with China “unsustainable”.

    Leveraging agriculture and energy

    China has reduced its reliance on US farm imports since the trade war began in Trump’s first presidency. This is bad news for Washington as agriculture is one few sectors in the US that actually has a large trade surplus with China. The 125% retaliatory tariffs will harm the sector’s profitability.

    But China’s retaliatory tariffs aren’t the only issue American farmers have to contend with. As the trade war escalates, China has been using bureaucratic hurdles to restrict US agricultural products from entering China and as a potential negotiation tool. For instance, China has delayed the renewals of export license renewals of US pig farmers, and refused to renew licenses of poultry farmers for “health and safety” reasons.

    What’s the impact of tariffs?

    Beijing’s actions might be designed to particularly hit the economy in core Trump supporting states. A major part of Trump and the Republican party’s base lies in “red states”, such as Nebraska, Iowa and Kansas, all have significant farming communities. Focusing on agricultural issues is a tactic that Beijing realises will hit home with Trump voters.

    Out of the 444 US counties designated by the United States Department of Agriculture (USDA) as farming-dependent, 77.7% voted for Trump during the 2024 US presidential election. So, any hardship faced by the agriculture sector due to Trump’s own actions is likely to lose him support from a major political base. And with mid-term elections in 2026, Trump has to tread carefully when antagonising Beijing.

    Another support base that Beijing might seek to undermine is those involved in the fossil fuel sector. In the past, the US has been a top supplier of natural gas to China.

    China has not imported natural gas from the US since early February 2025, and has sought its natural gas from Australia, Indonesia, and Brunei. As the trade war continues, it is unlikely that the US would be able to sell its natural gas to China anytime soon, and this will have an impact on the energy industry – one of Trump’s major political support bases.

    Restricting minerals

    Another huge problem that the US faces stems from China’s restriction of the export of critical minerals. They include seven rare earth minerals namely samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium. While these are used in the clean energy and automobile sectors, the biggest concern would come from the US defence complex.

    These critical minerals are used in manufacturing fighter jets, submarines, missiles, and radar systems. China has an effective monopoly on the extraction and processing of rare earths, while the US lacks such capabilities. This means that China’s export restrictions are likely to affect America’s defence industry, while Beijing rapidly expands its ammunition and military technology.

    The White House probably anticipated export restrictions of critical minerals from China. After all, Beijing had banned the export of critical minerals to Japan in 2010 over a fishing trawler dispute, and stopped exporting “dual-use” metals that can be used to produce civilian and military technology, such as gallium, germanium and tungsten.

    What’s next?

    For the last few years, China has been trying to overcome an ailing economy that was primarily fuelled by a real-estate crisis. Trump probably expected China to buckle under pressure and come crawling to the negotiation table. After all, the Chinese Communist Party needs to fix its economy fast. The establishment has long relied on delivering economic prosperity to legitimise its rule over China.

    Right now the tit-for-tat battle continues. By April 11, US tariffs on China peaked at 145%, while China’s retaliatory tariffs on US goods reached an unprecedented 125%.

    Although it is clearly fighting back, China could go even further by selling off US treasuries and increasing US interest rates and thus borrowing cost. But unlike Trump, Xi often plays the long game. After all, Trump’s term as president will be over in less than four years, while Chinese president Xi has no term limits. All the latter has to do is exercise patience, and a friendlier US president might come around.

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

    – ref. China has identified how to fight back against Trump’s tariffs, and is not ready to back down – https://theconversation.com/china-has-identified-how-to-fight-back-against-trumps-tariffs-and-is-not-ready-to-back-down-255325

    MIL OSI – Global Reports –

  • MIL-OSI Global: Wealth, wellness and wellbeing: why healthier ageing isn’t just about personal choices

    Source: The Conversation – UK – By Simon Evans, Lecturer in Neuroscience, School of Psychology, University of Surrey

    Matej Kastelic/Shutterstock

    We’ve all heard it before: eat your five-a-day, and try to get some exercise. It’s advice that’s simple in theory, yet in practice, not everyone is able to follow it. So what’s standing in the way?

    Our research examined this question in depth. Using data from UK adults over the age of 50, we explored how socioeconomic status affects the likelihood of meeting the World Health Organization’s recommendations for physical activity and diet. These guidelines include at least 150 minutes of moderate-intensity (or 75 minutes of vigorous-intensity) physical activity per week and a daily intake of at least five portions of fruit and vegetables.

    What we found points to a clear and concerning disparity. Wealthier older adults are nearly twice as likely to meet both exercise and dietary recommendations compared to their less affluent peers. And perhaps even more striking, those who don’t meet these health guidelines are significantly more likely to suffer from depression.

    We analysed survey responses from more than 3,000 adults aged 50 to 90, using data from the English Longitudinal Study of Ageing. While nearly 70% of participants reported doing some form of physical activity, the data revealed a sharp wealth divide.

    Adults in the highest wealth quintile (the top 20%) were almost twice as likely to be physically active as those in the lowest quintile. A similar pattern emerged for diet. Over 70% of those in the wealthiest group reported meeting the five-a-day guideline, compared to just over 40% in the lowest income bracket.

    This matters, because not meeting government guidelines for physical activity and diet can have serious long-term health consequences. Regular exercise is known to increase HDL (or “good”) cholesterol, improve cardiovascular health, and reduce the risk of chronic conditions like type 2 diabetes, heart disease, and some cancers.

    It also benefits brain health by lowering inflammation and even promoting the growth of new brain cells. Similarly, diets rich in fibre, vitamins, and antioxidants – found in fruits and vegetables – are associated with lower the risks of disease and cognitive decline, including conditions like Alzheimer’s.

    Depression disparity

    But the impact isn’t just physical. Our research also explored links between lifestyle and mental health. Around 19% of participants met the criteria for clinical depression, with the highest risk found among women, people living alone, smokers and those with lower incomes.

    Alarmingly, rates of depression were nearly three times higher among those in the lowest wealth quintile (32.6% were depressed) compared to those in the highest (11.1%).

    Lifestyle clearly played a role in depression levels. Among inactive participants, 30% reported symptoms of depression – more than double the rate seen in those who were physically active (13.7%). Likewise, those who didn’t meet the five-a-day guideline had a depression rate of 23.4%, compared to 15.7% among those who did.

    These results suggest that staying physically active and eating well not only improves physical health but may also play a protective role in mental wellbeing. Yet not everyone has equal access to the resources, time, or environments that support healthy living. There is also the role of social isolation as a compounding factor.

    Social disconnection is strongly linked to both poor physical and mental health, including depression and even increased mortality risk. Physical activity programmes that also offer social interaction – such as walking groups or community exercise classes – may provide even greater benefits.

    Healthy ageing for everyone

    The evidence shows that health disparities in later life are deeply tied to wealth and socioeconomic status. This means that addressing them requires more than encouraging personal responsibility – it calls for policy action.

    Financial barriers to healthy food and physical activity need to be tackled through targeted programmes, subsidies and infrastructure investments. Making healthy options accessible and affordable – especially for those in lower-income groups – will benefit people and reduce strain on healthcare systems.

    As populations continue to age, promoting health in later life is a public health priority. But that effort will only succeed if it recognises – and works to reduce – the inequalities that hold people back from living healthy, fulfilling lives.

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

    – ref. Wealth, wellness and wellbeing: why healthier ageing isn’t just about personal choices – https://theconversation.com/wealth-wellness-and-wellbeing-why-healthier-ageing-isnt-just-about-personal-choices-250316

    MIL OSI – Global Reports –