Industry Odisha Bureau, May 3: On the one hand, India is reportedly experiencing a massive data centre boom and transforming into a global digital hub, the requisite ‘absorption chillers’ installed there require more consumption of water. On the other hand, not only ‘Super El Nino’ risks looming large over India this year (that is already being bitterly experienced in shape of intense heatwave sweeping across the country), but also IMD’s forecast of below-normal monsoon means acute water scarcity lurking in the face. Owing to a potentially strong ‘Super El Nino’ (warm Pacific Ocean) risks in India, the higher temperatures would…
Author: Industry Odisha
Industry Odisha Bureau, May 3: While “Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025” was passed in December 2025 as a major reforms in India’s insurance sector, with the seal of approval accorded by the President of India, the Ministry of Finance yesterday (May 3) formally announced cent (100) per cent foreign direct investment (FDI) into the country’s insurance sector with a 20 per cent cap for Life Insurance Corporation of India (LIC). Thus, “full foreign ownership” will now reportedly be “allowed in the insurance firms and intermediaries and brokers via automatic route”, while the earlier limit was…
Industry Odisha Bureau, May 2: While ‘May 1’ is globally celebrated as “International Workers’ Day or May Day, honouring the labour movement and workers’ rights, particularly the 8-hour workday, arising from the 1886 Chicago Haymarket affair”, it is also a memorable day for the two Indian states of Maharashtra and Gujarat as their respective statehood day significantly. The two separate states were formed on this remarkable day in 1960 following the bifurcation of erstwhile Bombay State along linguistic lines since the then Bombay State was a multilingual territory during the British Raj. As per India’s Post-Independent Era’s history, the Bombay…
Industry Odisha Bureau, May 2: Chief Minister Mohan Charan Majhi has called for a ‘revolutionary change’ in the educational environment of the state to develop Odisha as the ‘knowledge hub’ of India. Addressing a two-day national-level workshop organized here on the implementation of the National Education Policy (NEP-2020), the Chief Minister said that the priority of his government is to overcome the inertia in the education sector for many years. The NEP, prepared under the guidance of Prime Minister Narendra Modi, is not just a government document, but it is a great mission to establish India as the ‘knowledge capital’…
Industry Odisha Bureau, May 2: Compelled to maintain the profit margins after encountering the rising production costs, companies have now reportedly switched over to the business strategy of “Shrinkflation” triggered by the unabated Middle East crisis and utter disruptions of supply chain. Without raising the sticker price so that the customers remain intact not alienated, “Shrinkflation is a practice of reducing a product’s size, weight or quantity while keeping its retail price the same that acts as a hidden form of inflation”. For instances, “A bag of chips containing fewer chips, a chocolate bar with larger gaps between pieces, toilet…
Industry Odisha Bureau, May 2: While Climate Change and Global Warming are already a pestering problem now globally, “Super El Nino” has been a blot from blue this year as its adverse effect is not only being experienced in shape of intolerable heatwave conditions sweeping India, but also poised to be murderous for the erratic monsoon as the season is imminent, studies by meteorologists and oceanographers warn. Media surveys have already reflected on the repercussions of the sizzling summer now sweeping across India unleashing an evil effect of eroding incomes of Indian street vendors as well as flinging them into…
Industry Odisha Bureau, May 1: As rumours were reportedly rife on social media in the concluding week of April and prior to the onset of May apprehending hike in the fuel prices across the country, it not only prompted the Fact-Check Unit of the Press Information Bureau of India (PIB) to rubbish such claims, but also reportedly compelled the Government of India (GoI) to dispel the apprehensions. GoI has reportedly come up with a clarification: “There is no change in excise duties on petrol and diesel meant for domestic consumption”. Notably, the oil marketing companies are reportedly incurring loss of…
Industry Odisha Bureau, May 1: The latest data of analysts has reportedly revealed that the US-imposed Naval blockade since April 13 this year at the Iran-controlled Strait of Hormuz (critical chokepoint of global trade transit point and shipping route) has resulted in a heavy loss to the revenue being earned earlier by Iran from crude oil exports. Citing latest shipping data, the analysts claim that the US Naval blockade of Iranian ports have taken a heavy toll on the Islamic Republic’s prime crude oil exports, because Iranian oil tankers and container ships are being repotedly intercepted by the US Naval…
Industry Odisha Bureau, May 1: Even though Iran had reportedly announced earlier its non-participation in this year’s Football World Cup being co-hosted by bête noire USA apart from neighbouring Mexico and Canada, incumbent FIFA President Gianni Infantino reportedly confirmed yesterday (April 30) about Iran’s participation during his inaugural address at the 76th FIFA Congress in Vancouver, Canada. FIFA has also reportedly posted a video on social media that vindicates its president’s comments of the confirmation. However, Iran’s delegation was reportedly conspicuous by its absence from the significant 76th FIFA Congress held in Canada’s Vancouver yesterday. BBC reported that the Iranian…
Industry Odisha Bureau, April 30: Union Minister for Agriculture & Farmers Welfare and Rural Development Shivraj Singh Chouhan will be on a visit to Odisha on Friday. During his visit, he will participate in a program being organised by the Ministry of Rural Development in Rayagada, where he will launch Pradhan Mantri Gram Sadak Yojana-IV which will extend a major developmental boost to the State, officials said on Thursday. Under this initiative, 827 road projects covering a total length of 1,701.84 kilometres will be taken forward at a cost of Rs. 1,698.04 crore. The initiative will pave the way for…