Industry Odisha Bureau, March 31: The International Monetary Fund (IMF) has observed that the intense and immensely impactful shock sparked off by the Middle East tensions could cast an ‘asymmetric global economy’ that would witness ‘higher prices’ and ‘slower growth’. The IMF has drawn such a grim conclusion by closely gauging the pros and cons of the ongoing catastrophic conflict in the West Asia (Persian Gulf) region unleashed by the tug of war between the belligerent US-Israel and Iran’s top political leaderships, and above all the protracted blockage of the strategic chokepoint-Strait of Hormuz-that has triggered not only global energy…
Author: Industry Odisha
Industry Odisha Bureau, March 30: Cyber fraudsters have cheated Rs 972 crore from 80,000 people of Odisha in between June 2024 and December 2025, as per official data. More than 80,000 cyber fraud complaints involving cheating of Rs 972.60 crore were reported in Odisha durin the period. As per the data, 4,238 cyber cases involving cheating of Rs 260.61 crore reported in different police stations of the State. The police have arrested 868 persons for their alleged involvement in the cyber fraud cases, he said, adding, Rs 61.36 lakh was recovered and Rs 8.89 crore frozen in these cases. Apart…
Industry Odisha Bureau, March 30: In a shocking incident, an MBA student was found dead from her hostel room on Monday, in Chandrasekharpur area of Bhubaneswar. The Infocity police reached the spot and started an investigation. According to sources, a case of unnatural death was registered and the body has been sent for post-mortem. The reports will reveal the exact cause of her death. The incident has created a spark in the Chandrasekharpur area. Police is enquiring the matter and has interrogated the students and staff of the said management college. The girl was a resident of Dhenkanal district and…
Industry Odisha Bureau, March 30: The sojourn of Lord Lingaraj ends today and the deities (Rukmini, Chandrasekhar (Lord Lingaraj) and Basudeva will be beginning the return journey to their abode today. The chariot pulling of Lord Lingaraj has been scheduled to begin from 2.30 pm. On the occasion of Ashokashtami (Thursday), thousands of devotees pulled the chariots of Lord Lingaraj and the deities. The rituals prior to the journey began with Mangala Aarati at around 4.00 am. Significance of ‘Analeuta’ Rukuna Rath Yatra: While almost every chariot takes the same trajectory to return to their abode after a sojourn journey…
Industry Odisha Bureau, March 29: The proposed Bhubaneswar–Cuttack–Puri–Paradeep Economic Region (BCPPER) would promote integrated, inclusive and sustainable economic growth of Odisha, officials said. Economic Plan for Bhubaneswar–Cuttack–Puri–Paradeep Economic Region (BCPPER) has been prepared as a strategic regional planning framework under the NITI Aayog Growth Hub initiative and Odisha Vision 2047. It aims at integrated, inclusive and sustainable economic growth through convergence of infrastructure, sectoral development and governance reforms, the officials said. The Plan envisages transformation of the region into a major economic growth hub with a target of becoming a US$ 500 billion economy by 2047. It adopts a convergence…
Bhubaneswar, 27th March 2026: Vedanta Aluminium, India’s largest producer of aluminium, is strengthening learning outcomes across government schools in Jharsuguda and Sundargarh through Project Vidya, its education initiative launched in April 2025. Focused on foundational literacy and numeracy along with core subjects such as Mathematics, Science, and English, the programme has reached over 1,800 students across 17 rural schools by improving classroom engagement and student-teacher ratios through the deployment of 20 additional educators. Sundargarh has a high dropout rate, necessitating a targeted focus on foundational learning and a strengthened student-teacher ratio to address the risk. Aligned with these priorities, Project Vidya…
Industry Odisha Bureau, March 28: While the value of Indian currency (INR) is already on a depreciation spree against the reportedly robust value of dollar (USD) at least since last fiscal year of 2025-26 (FY25-26), and further being battered by the soaring global energy prices triggered by the ongoing Persian Gulf standoff, the ICRA has reportedly flagged that there is every possibility of a mounting pressure on Indian government’s fiscal health condition in the FY26-27. ICRA’s report has also hinted at the possible stress and strain on Indian government’s revenue collections like “softer excise collections” and “lower corporate tax inflows”.…
Industry Odisha Bureau, March 28: As the value of Indian rupee (INR) is on its depreciation spree against the value of dollar (USD) in the global markets and the Middle East conflict has further added fuel to the fire, the Reserve Bank of India (RBI) has now woken up to the occasion in a bid to daunt/discourage iffy/speculative trading in currency markets. As per media reports, such a move by the RBI is aimed at discouraging speculative trading in currency markets, and more measures by the RBI are expected keeping in view the depreciation spree of INR. Media reports quoted…
Industry Odisha Bureau, March 27: The proposal submitted by Odisha for development of a mega textile park in Ganjam district under the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) scheme has not been considered by the Centre. This was informed by Union Textiles Minister Giriraj Singh in the Upper House of Parliament recently. While replying to a question of BJD MP Niranjan Bishi, the Union Minister informed that, “With the aim to develop large scale and integrated world class industrial facilities, the Government has approved setting up of 7 mega textile parks under PM Mega Integrated Textile…
Industry Odisha Bureau, March 27: Even though the global crude oil prices are on a surging mode owing to the blockage of the strategic chokepoint of Strait of Hormuz imposed by Iran in retaliation to the US-Israel’s barrage of missile attacks, Indian government has reportedly cut the special additional excise duties levied on petrol and diesel in a bid to render relief to the oil companies not the consumers. Reports said that the initiative of cutting the special additional excise duties taken by the Government of India (GoI) yesterday reportedly slashed petrol price to “Rs 3 per litre from Rs…