Industry Odisha Bureau, April 7: Data released by the National Securities Depository Limited (NSDL) reportedly showed that the maximum amount of Financial Services (FS) stocks were sold by the Foreign Investors (FIs) in this year’s month of March that has reportedly been registered as the highest since 2012. The NSDL data claimed that the withdrawals by the FIs amounted to a whopping $13 billion in the out-gone month of March. According to the NSDL data: “Overseas investors sold nearly $12.6 billion worth of equities in March”, while the Financial Services accounted for “51.6% of the total foreign investor outflows” during…
Author: Industry Odisha
Industry Odisha Bureau, April 7: In a major crackdown against cattle mafia in the State, the Police have launched raids at 32 places in three north Odisha districts on Tuesday morning and seized over Rs 50 lakh cash, huge gold ornaments, firearms, weapons, etc. On the instruction of the State Government and DGP YB Khurania, the police have launched searches at 32 locations in connection with illegal cattle transportation and smuggling, DIG (eastern range) Pinak Mishra told media persons. The places were identified earlier during an investigation as some people were indulging in the illegal practice like an organised crime,…
Industry Odisha Bureau, April 7: With no let up in sight to the ongoing tussle between US-Israel and Iran aggravated by the blockage of critical chokepoint Strait of Hormuz, the forecasts on the future surge in prices of crude oil have been frightening as well as making the hackles of one and all rise globally. As per media reports, the forecasts on the oil prices range from $250 to $372 per barrel the more the conflicts get escalated and irate Iran’s retaliatory blockage of Hormuz stay put infinitely. US President Donald Trump has further issued warnings to Iran that his…
Industry Odisha Bureau, April 7: Going by the ongoing Western Disturbances (distinct weather phenomena occurring in different regions, seasons, and with different characteristics), it is being anticipated that the Indian farmers and their agrarian economy are going to be in disarray straining both the livelihood and economy of the country this year. While the pre-monsoon Nor’westers (colloquially called ‘Kalbaisakhi’/’Bordoisila’) have already shown ugly faces since March and expected to extend till May, Nor’westers have reportedly wrecked havoc in most areas of Odisha, West Bengal and Assam lashing heavy rainfall, thunderstorms and hailstorms. Adding fuel to the fire, the back-to-back Western…
Industry Odisha Bureau, April 6: In a major move to check air pollution and boost state revenue, the Odisha government has imposed restrictions on the transfer of ownership of commercial public transport vehicles like buses and taxis that are more than 10 years old and registered in any other state. The State Transport Authority (STA) took this decision keeping the safety, comfort and convenience of the travelling public in view and issued an order in this regard. “The stage/contract carriers registered in other states which are more than 10 years old from the month and year of manufacturing shall not…
Industry Odisha Bureau, April 6: Since the significant Monetary Policy Committee (MPC) meeting (first one in the new fiscal year of 2026-27) has been officially scheduled to be held from today (April 6) till April 8 amidst the ongoing West Asia tensions that has triggered worldwide energy chaos, all are agog to know what wise decisions are on anvil to tackle the ongoing financial scenario that has been threatening economic developments globally. According to a report published by the SBI Research, the global uncertainties may prompt RBI keep its prime policy rates unchanged. As per media reports, the SBI Research…
Industry Odisha Bureau, April 6: Providing relief to students and migrant labourers, the Odisha Food Supplies and Consumer Welfare Department issued a clarification over the sale and distribution of 5 kg LPG cylinders in the state. Following the 5kg LPG refill mayhem, the department on Sunday banned the open sale of 5 kg LPG cylinders. Earlier, the department had laid a ban on the sale of 5kg small cylinders in the state. Clearing the air, the latest notification read that there is no complete ban on the refill of 5kg LPG cylinders. Students and migrant labourers can avail these by…
Industry Odisha Bureau, April 5: The ongoing tug of war between the defence forces of US-Israel and Iran along with the protracted blockage of world’s critical choke point called the Strait of Hormuz has now been evidently crystal clear that the fossil fuel is the arch apple of discord and the belligerent bone of contention. The queer Venezuela episode arbitrarily enacted by the incumbent Trump regime of the United States of America (USA) that has not only stunned the whole world, but has also been a testimony to the global notion that the fossil fuel is fuelling fierce fight between…
Industry Odisha Bureau, April 5: In a major move, the Odisha Government has decided to provide 11.25 percent reservation for Socially and Educationally Backward Classes (SEBC) students in technical, medical and other professional studies. The Cabinet headed by Chief Minister Mohan Charan Majhi has taken this decision while enhancing the quota for SC and ST students. Speaking to media persons after the Cabinet meeting, the Chief Minister announced that reservation for ST students in technical, professional, medical, and allied courses will increase from 12 percent to 22.5 percent, while SC students will see their quota rise from 8 percent to…
Industry Odisha Bureau, April 5: In a significant move for proper management of surplus rice with strengthening food security of poor people in the state, the Odisha Government has decided to distribute additional 5 kg rice to each person covered under Public Distribution System (PDS). The State Cabinet chaired by Chief Minister Mohan Charan Majhi has approved a new scheme named as ‘Mukhyamantri Annapurna Yojana’ (MAPY) for this purpose. Addressing the media after the Cabinet meeting, the Chief Minister Mohan announced that the scheme will provide additional 5 kg rice to beneficiaries under the National Food Security Act (NFSA) and…