Industry Odisha Bureau, Jun 9: The Central Government has released an interim allocation of Rs 95,692 crore to States and Union Territories under “Viksit Bharat GRAMG” and allocated Rs 30,000 crore under MGNREGA. The total allocation exceeded Rs1.25 lakh crore. Union Minister for Agriculture & Farmers Welfare and Rural Development Shivraj Singh Chouhan said today after chairing an important meeting of State Rural Development Ministers regarding the implementation of ‘Viksit Bharat GRAMG.’ Under the guidance of Prime Minister Narendra Modi, the Government of India has announced a comprehensive financial and policy initiative to provide fresh momentum to rural employment, workers’…
Author: Industry Odisha
Industry Odisha Bureau, Jun 9: Granting a major relief of Rs 24,000 crore to private telecom operators Bharti Airtel and Vodafone Idea (VI), the Bombay High Court (HC) yesterday (June 8) reportedly quashed the Central Government’s demand notices slapped against the duo seeking one-time spectrum charges (OTSC). Reportedly, the Central Government’s demand notices were slapped against Bharti Airtel and Vodafone Idea (VI) “seeking one-time spectrum charges (OTSC) over the levy on spectrum held beyond 6.2 megahertz (MHz) from 2008 onwards.” While the legal battle spanned over 13 years, the Bombay HC’s ruling would now reportedly “provide a total relief of…
Industry Odisha Bureau, Jun 9: An Indian delegation is expected to be on an important official tour to Russia by this month in a bid to hold high level talks on the Eurasian Economic Union (EAEU) free trade agreement (FTA). Notably, the “Eurasian Economic Union (EAEU) is an economic union of five post-Soviet states located in Eurasia, aimed at fostering economic integration and cooperation among its member countries. EAEU is a five-member economic bloc comprising Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia and was set up in 2015 to promote economic integration through a common market, removal of trade barriers and…
Industry Odisha Bureau, Jun 9: India’s marine products exports have increased by nearly 70 per cent in value terms over the last decade and currently accounts for around 4 per cent of global seafood trade, said Union Minister of Commerce & Industry Piyush Goyal here. Addressing at a workshop here, Goyal called upon stakeholders to work collectively towards achieving seafood exports of USD 30 billion within the next five years through value addition, branding, quality enhancement, sustainability and diversification of export markets. The Department of Commerce, Ministry of Commerce & Industry, in collaboration with the Department of Fisheries and the…
Industry Odisha Bureau, Jun 9: The Odisha government has decided to create 5,500 acres of land for tourism and hospitality projects sector across the State. The State Cabinet has approved the scheme titled “Land Bank for Hospitality Infrastructure”, of Department of Tourism aimed at creating a robust foundation for tourism-led economic growth and attracting large-scale investments in the hospitality sector across the State, Chief Secretary Anu Garg said. Tourism has emerged as one of the key drivers of economic development, employment generation, and regional prosperity. Odisha, endowed with rich natural beauty, cultural heritage, spiritual destinations, wildlife resources, and coastal attractions,…
Industry Odisha Bureau, Jun 9: The data released yesterday by the Reserve Bank of India (RBI) reported that country posted a current account surplus (CAS) of 0.7% of the gross domestic product (GDP) in the March quarter of fiscal year (FY) 2025-26. As per media reports, “The current account deficit (CAD) increased in absolute terms to $25.2 billion from $22.9 billion a year earlier, but remained steady at 0.6% of GDP, while the March-quarter (Q4FY26) current account surplus (CAS) marked a reversal from the $13.2 billion deficit recorded in the preceding quarter, although it was lower than the year-ago surplus…
Industry Odisha Bureau, Jun 9: Indian rupee (INR) reportedly registered a loss of 56 paise from its previous close at the interbank foreign exchange market yesterday and finally ended at 95.74 against the USD. Media reports quoting forex traders said that “a sharp jump in the global crude oil prices amid the escalating geopolitical tensions and a rise in the US dollar index dented investor sentiment.” Reportedly, the Indian rupee (INR) had “appreciated 56 paise to close at 95.18 against the US dollar (USD) on June 5 last week following the Reserve of India (RBI)’s measures announced in a bid…
Industry Odisha Bureau, Jun 8: In a major initiative to strengthen citizen-centric urban governance and deepen public participation in urban development, the Odisha Government is all set to launch a statewide “Saharanchala Janasamparka O Nagarika Bhagidari Karyakrama” (Urban Citizen Outreach and Civic Participation Campaign) across all Urban Local Bodies (ULBs) from June 9 to June 21. The 13-day campaign, organized by the Housing & Urban Development Department, aims to bring urban governance closer to citizens by creating awareness about civic services, government schemes and citizen responsibilities, while providing a platform for direct engagement between urban residents and local governments. The…
Industry Odisha Bureau, Jun 8: With three days to go, the global football extravaganza, ‘FIFA World Cup – 2026’ being co-hosted by USA, Canada and Mexico, is going to kickstart amid pomp and show from its illuminating inaugural session on June 11 to its grand finale on July 19. The month-long sporting spectacle has reportedly been scheduled to feature a record 104 matches across 16 host cities. To quote media reports, “FIFA World Cup – 2026 has an expanded format, that means more teams, more matches and a longer knockout stage, for which it makes this session FIFA’s biggest World…
Industry Odisha Bureau, Jun 8: In the wake of Iran’s latest missile launch against Israel yesterday amid the fragile ceasefire initiated unilaterally by US President Donald Trump in April this year, Trump reportedly spoke to Israel’s Prime Minister Benjamin Netanyahu over telephone immediately and restrained him from retaliating which could further escalate the conflict, while simultaneously urged trusted ally Israel and bête noire Iran to return to the negotiating table. Reportedly, Trump posted a loud and clear message to both sides saying: “You’ve fired your missiles. That’s enough. Get back to the table.” While directly speaking to Netanyahu, Trump reportedly…