Industry Odisha Bureau, April 30: In a bid to safeguard the Indian sectors of electric vehicles (EVs), green energy storage and electronics manufacturing from the onslaught of supply shocks as well as price volatility due to the much dependence on imports, Government of India (GoI) is reportedly contemplating to set up a vast reserve for storing critical minerals at least lasting for a six-month-long duration. Reports said that such a serious plan is on anvil for which the Ministry of Mines and the Ministry of Heavy Industries are working out the pros and cons so that both the imported and…
Author: Industry Odisha
Industry Odisha Bureau, April 30: No sooner did US President Donald Trump make it clear and loud that Hormuz blockade imposed against bête noire Iran’s port activities would continue than the price of globally essential Brent Crude oil spiked close to $120 per barrel. The US President reportedly averred that Washington would not budge from the ongoing US Naval blockade of Strait of Hormuz unless and until a nuclear deal is inked with arch rival Iran. Following such a stance by Trump on Iran reportedly stoked jitters of prolonged energy supply disruptions that have already been on since the tug…
Industry Odisha Bureau, April 29: The Marketing Department of SAIL’s Rourkela Steel Plant (RSP) has scripted history by achieving its highest-ever revenue collection of around Rs 3,325 Crore, surpassing previous best through strategic sales and operational efficiencies. This remarkable feat reflects robust growth across key commodities compared to FY 2024-25, with Iron & Steel leading the way at Rs 466 crore, a staggering 39 percent rise over last year, followed by Coal Chemical Items at Rs 386 crore, up by 8 percent. Similarly, the collection from Waste Products stood at Rs 298 crore with a growth of 7 percent and…
Industry Odisha Bureau, April 29: Aligned with the vision of Prime Minister Narendra Modi to achieve Net Zero emissions by 2070 and accelerate India’s transition to clean mobility, the Odisha Government has decided to set up 190 EV charging station in six cities under PM E-DRIVE Scheme. The Ministry of Heavy Industries (MHI) and Commerce & Transport Department are scaling up the efforts under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme. Notified on 29 September 2024 with a total outlay of Rs 10,900 crore, the scheme earmarks Rs 2,000 crore specifically for the development of…
Industry Odisha Bureau, April 29: Bagging a big deal amounting $500 million reportedly from US-based Truist Financial Corp. last month (March), Indian IT giant Infosys Ltd is reportedly all set to set up an enormous Global Capability Centre (GCC) in Hyderabad in near future. In accordance with the deal struck, it would be reportedly “India’s second largest IT services firm with employment opportunities for at least 4,500 employees.” The upcoming Infosys-built GCC in Hyderabad will reportedly be “under a built-operate-transfer (BOT) arrangement in which Infosys will run the facility for five years before transferring operations to the client.” Reports added,…
Industry Odisha Bureau, April 29: As the cloud of price-hike anticipations is already hovering over the Indian households and consumers owing to the ongoing West Asia standoff as well as the unresolved Hormuz hurdle, the Government of India (GoI) is most likely to hike further the prices of both domestic and commercial liquefied petroleum gas (LPG/cooking gas) cylinders from May 1. Besides, GoI has also tightened up the LPG booking and delivery rules, especially OTP-based delivery authentication rule, and Aadhaar eKYC has been mandated for the beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUJ) to avail subsidy. Reportedly, an urban LPG…
Industry Odisha Bureau, April 28: The Australian Government’s latest draft legislation christened “News Bargaining Incentive (NBI)” reportedly plans to levy 2.25 per cent news tax on the revenues earned by the world-renowned social media platforms Meta (Facebook/Instagram), Google and TikTok from the Australian news posted on them if they opt not to strike commercial deals with the Australian news organisations to fund for journalism. The initiative by the Australian Government is reported to be the second attempt “to pay for the Australian news text and images that the users of the social media platforms view.” Previously, the Australian Government had…
Industry Odisha Bureau, April 28: In a decisive move towards ensuring water sustainability and advancing a circular economy in urban development, the Odisha Government come up with a new Policy with an aim to reuse 50 percent of used water by 2023, when Odisha will complete 100 years of formation. The Housing and Urban Development Department has notified the Policy on Reuse of Treated Used Water (TUW) of Urban Odisha, 2026. The policy provides a comprehensive roadmap to transform used water from a waste by-product into a valuable economic resource, addressing the growing seasonal and spatial water stress across urban…
Industry Odisha Bureau, April 28: As part of a unique initiative, a comprehensive residential lifeguard training program has been launched at the Odisha State Watermanship And Lifeguard Institute (OSWALI), Konark, with the first batch commencing today, marking the beginning of an intensive capacity-building exercise. The program will be conducted over 11 continuous batches, each spanning 12 days, over a period of approximately one and a half months. A total of 176 Government and private lifeguards will be trained under this phase, officials said. The curriculum has been designed to cover critical competencies including rescue techniques, CPR and first aid, open…
Industry Odisha Bureau, April 28: Amidst the ongoing tug of war with arch rival USA, the Islamic Republic of Iran has reportedly geared up for implementing a new navigation law soon christened as “Strait of Hormuz Security Plan”. Iran’s National Security and Foreign Policy Committee member Alaeddin Boroujerdi informed Russian news agency TASS that “the new legislation has been prepared after thorough reviews of wide range of legal angles along with international laws”. Boroujerdi also informed TASS : “The new legislation has been scheduled to be passed in the upcoming session of Iranian Parliament called Majlis/Islamic Consultative Assembly”. Elaborating on…