Industry Odisha Bureu, May 20: Buckled under the mounting pressure of crude oil import price volatility along with the catapulting crude oil trade deficit status of the country’s economy due to the ongoing geopolitical shock and upheaval in the West Asia region, Government of India (GoI) has reportedly pulled up its socks for going beyond its ‘E20’ to ‘E30’ petrol-ethanol blend mandate at the earliest. Notably, “India has mandated the sale of petrol blending with up to 20% ethanol and a minimum octane rating o 95 across all states and Union Territories (UTs) from April 1, 2026. The Union Government…
Author: Industry Odisha
Industry Odisha Bureau, May 19: The West Asia geopolitical shock as well as the soaring input costs has not only come as a bolt from the blue for the Indian industries, but has also taken a toll on the human resources employed there along with the manufacturers feeling the pricks and pangs of margin erosion triggered by soaring input costs. As per the analysts, instances galore across the country, while the gradually worsening scenario is apprehended to turn for the worst the more the geopolitical deadlock persists or escalates. A case in point is the disrupted supply of polyester filament…
Industry Odisha Bureau, May 19: Putting a full-stop to its long-standing financial link with the co-founded ‘Microsoft’, the world-aclaimed Bill & Melinda Gates Foundation reportedly fully exited from the investment position in the global technology leader Microsoft Corporation-an American multinational technology company headquartered in Redmond, Washinghton (USA). As per international media reports, the Bill & Melinda Gates Foundation’s full exit from its investment in the Microsoft Corporation was marked by “the selling of its remaining shares in the first quarter of 2026.” Citing the regulatory filings, the international media reported, “Bill & Melinda Gates Foundation’s trust sold its final 7.7…
Industry Odisha Bureau, May 19: Despite the unresolved West Asia conflict as well as the Hormuz hurdle that has triggered acute disruptions of supply chain resulting in imports of petroleum products along with fertilizers reportedly gone kaput, the Government of India (GoI) has reportedly assured that there would be no shortage of fertilizers for the Indian farmers since the annual Kharif season is knocking at the door. Speaking on the fertilizer stocks at present in India, Ministry of Chemicals & Fertilizers Additional Secretary Aparna S. Sharma reportedly said, “The fertilizer requirement for Kharif 2026 has been assessed by Department of…
Industry Odisha Bureau, May 19: Digital civic delivery gains momentum in the State with the Housing & Urban Development (H&UD) Department receiving over 6.59 lakh online applications under the Odisha Right to Public Services (ORTPS) framework. In a high-level review meeting held recently under the chairmanship of H&UD Minister Krushna Chandra Mahapatra, the operational efficiency and implementation status of the Odisha Right to Public Services (ORTPS) framework were comprehensively reviewed. The assessment reflected significant progress in the digital transformation of urban civic services, with nearly 94 percent of applications being approved and disposed of strictly within the legally mandated timelines.…
Industry Odisha Bureau, May 19: Justifying the hikes in the prices of petrol and diesel being effected of late including today, the Government of India (GoI) has reportedly argued that the state-owned Oil Marketing Companies (OMCs) have lessened their cumulative daily losses to Rs 750 crore from Rs 1,000 crore soon after the first hike of Rs 3 per litre in the prices of petrol and diesel imposed on May 15, but the losses still remain significantly under-recovered. Petroleum Ministry Joint Secretary Sujata Sharma in her media reactions yesterday reportedly said, “The cumulative daily loss of the three OMCs—Indian Oil…
Industry Odisha Bureau, May 18: Even though India has already implemented a nationwide “E20 Petrol Mandate” by blending 20 per cent ethanol with petrol to enhance energy security, reduce emissions, and support India’s sugarcane farmers, the unresolved West Asia crisis further aggravated by the Hormuz hurdle-triggered disruptions of crude oil supply chain has compelled India’s ethanol push to accelerate its Ethanol Blending Programme (EBP) to ‘E85’ and ‘E100’ in near future. As the age-old adage “Necessity is the mother of invention”goes, Brazil, globally acclaimed as ‘Sugar Paradise’, reportedly stole the show by calling the shots in “promoting ethanol production from…
Industry Odisha Bureau, May 18: To reach out more number of people and create financial awareness to investors, the Securities and Exchange Board of India (SEBI) is all set to open its office in Bhubaneswar very shortly. This was announced by SEBI Chairman Tuhin Kanta Pandey here on Monday. Pandey said the rental agreement to open the SEBI office will be signed today while permanent building of the office will be constructed very soon. Addressing an Investor Awareness Program here, Pandey said Odisha’s strong economic performance is reflected in rising market participation from the state, though significant potential remains untapped.…
Industry Odisha Bureau, May 18: The official visit of the Indian Prime Minister to Norway today reportedly after a long gap of 43 years is believed to prop up a ‘green strategic partnership’ as well as other bilaterial ties. As per media reports, Norway, being a major energy producer, is keen on sharing its ample technologies with India in the sectors of ‘renwable energy’, ‘green maritime solutions’ and ‘sustainable development’. Reportably, India has a ‘green strategic partnership’ only with Denmark. According to media reports quoting the Ministry of External Affairs (MEA), “The visit will provide an opportunity to review the…
Industry Odisha Bureau, May 18: In a bid to prop up loan growth since the volume of deposits is reportedly lagging behind, the public sector banks (PSBs) are reportedly opting for using their respective ‘surplus liquidity (funds)’ already available with them along with borrowing ‘short-term loans’ from the Reserve Bank of India (RBI). Notably, “The RBI lays stress on maintaining a minimum percentage of a commercial bank’s ‘Net Demand and Time Liabilities’ (NDTL) in the form of liquid assets like gold, cash and government-approved securities referred as Statutory Liquidity Ratio (SLR). SLR is mandated by the RBI to ensure liquidity,…