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’…
Author: Industry Odisha
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…
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…
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…