Industry Odisha Bureau, April 3: Despite being accorded due seal of approval by the Government of India (GoI) in October 2024, the nation’s first dedicated venture capital (VC) fund for the Space start-ups, investments are expected from the fiscal year (FY) 2027, according to an official blog posted on April 1, 2026 by the GoI-owned Press Information Bureau (PIB) of India, New Delhi. As per the blog posted under the heading ‘Department of Space’, Union Minister of State (Independent Charge) for Science & Technology Dr. Jitendra Singh on April 1 informed Lok Sabha that India’s dedicated venture capital fund for…
Author: Industry Odisha
Industry Odisha Bureau, April 3: In a bid to “deliver higher intelligence with fewer parameters” along with an improved efficiency, tech giant Google DeepMind has launched its Gemma 4 for laying foundation for building next-generation AI agents. While the media reported that it is a “new generation of open AI model that offers more powerful tools designed to deliver advanced reasoning and autonomous AI workflows,” Google DeepMind’s official blog claims, “Gemma 4 is designed to deliver higher intelligence with fewer parameters, making it more efficient for real-world applications.” The blog @GoogleAI posted on its official X handle is quoted hereunder:…
Industry Odisha Bureau, April 2: With the successful launch of NASA’s historic Artemis II reportedly from the Kennedy Space Center in the state of Florida at 6.35 pm yesterday (April 1), the United States of America (USA) has reportedly ventured into its long-cherished crewed moon mission after an interval of over five decades. As per media reports, NASA has created history as its first crewed moon mission, while the four-member crew comprises three NASA astronauts reportedly named as Reid Wiseman, Victor Glover and Christina Koch, and astronaut Jeremy Hansen who hails from the Canadian Space Agency. Media reports also revealed…
Industry Odisha Bureau, April 2: In his televised address to the nation last night (April 1 at US local time), US President Donald Trump categorically told all the nations (completely dependent on oil imports through the world’s most critical chokepoint of Strait of Hormuz) that they must either build up courage to protect Hormuz themselves from the clutches of Iran or buy the required oil from the USA as it is self-sufficient. Blaming Iran for the chaotic situation and the soaring oil prices globally, Trump thundered, “It’s entirely the result of the Iranian regime launching deranged terror attacks against commercial…
Industry Odisha Bureau, April 1: Odisha Governor Hari Babu Kambhampati has rolled out the self-enumeration facility for Census 2027 here on Wednesday. The Governor completed his self-enumeration online and urged all to do the same to ensure every household is counted in the Census. “On the commencement of Census 2027, I extend my greetings to the people of Odisha. As the first citizen of Odisha, I have fulfilled my duty by completing my self-enumeration and I urge each one of you to do the same,” the governor said in a video message. Census, an important national exercise, forms the foundation…
Industry Odisha Bureau, April 1: Odisha’s economy recorded moderate growth of 11.40 per cent in FY 2024-25 compared to previous year, the CAG said in one of its latest report on State Finance. The Gross State Domestic Product (GSDP) at current prices grew at a compound annual growth rate of 13.30 per cent from Rs 5,40,185 crore in 2020-21 to Rs 8,90,038 crore in 2024-25, the CAG said. During the year 2024-25, the State recorded a Revenue Surplus of Rs 22,651 crore (2.54 per cent of GSDP). The Fiscal Deficit of the State was Rs 25,042 crore (2.81 per cent…
Industry Odisha Bureau, April 1: As had been anticipated, the side-effects of the ongoing West Asia conflict, aggravated by the Hormuz standoff, and no let up to the unabated tug of war between belligerent armed US/Israel and Iran have started pricking and panging. Thus, the prices of the premium petrol and diesel have gone up, while the prices of regular petrol and diesel used by the common consumers have fortunately been kept unchanged for the time being. As per media reports, the price of XP100 petrol is now being charged Rs 160 per litre. Earlier, its rate had been Rs…
Industry Odisha Bureau, March 31: The Bhubaneswar Development Authority (BDA) has roped in Singapore-based Surbana Jurong for the preparation of a comprehensive master plan for a proposed New City in Bhubaneswar. The BDA has on Tuesday signed an agreement with Surbana Jurong here today. The agreement was signed by BDA Secretary Manas Ranjan Padhi and Surbana Jurong’s Deputy Director Manideep Dutta here. The ambitious project will span around 800 acres across the mouzas of Gothapatna, Malipada, and Daspur, and is envisioned as a multi-economic growth zone aligned with the state’s long-term development roadmap, “Vikshit Odisha 2036.” The proposed New City…
Industry Odisha Bureau, March 31: With the official fiscal year (FY) of 2025-26 that ends today in India, and the rating agency ICRA having reportedly projected earlier a heavy loss of about $2.16 billion (around Rs 18,000 crore) in the Indian aviation sector, various reasons are being attributed to such a grim scenario starting from the Pahalgam massacre of innocent tourists by the terrorists followed by Operation Sindoor against Pakistan last year (2025) to the ongoing tug of war between US-Israel and Iran in the West Asia region since February 28 this year (2026). It all appears that India’s aviation…
Industry Odisha Bureau, March 31: The Odisha government has allocated a total fund of Rs 762.38 Crore under six schemes for carrying out plantation activities during the financial year 2026-27. This was informed by Forest Environment & Climate Change Minister Ganesh Ram Singkhuntia in the Assembly on Tuesday. He said 3682.21 hectares Artificial Regeneration, 23979.50 hectares ANR (Assisted Natural Regeneration), 2059.45 Row Kilometer Avenue Plantation & 6.95 lakh seedlings Urban Tree Plantation are proposed to be planted under different plantation schemes during 2026-27, nearly 137.24 lakh seedlings are to be utilized. Besides, 550 lakh seedlings are to be distributed among…