Industry Odisha Bureau, Jun 5: As the FIFA World Cup-2026 is going to kickstart from June 11 cohosted by the USA, Canada and Mexico, and the online sale of tickets have already open, a bizarre turn of events has come to the forefront when the fans availed tickets intriguingly mentioned ‘0 USD’ reportedly due to technical glitch in the official website of the FIFA authorities. However, the FIFA reportedly regretted the technical error and immediately cancelled those tickets later on, while simultaneously asked those fans for completing the correct payment of the tickets being officially charged so that they could…
Author: Industry Odisha
Industry Odisha Bureau, Jun 5: Following the footsteps of its April month’s decision, the Reserve Bank of India (RBI) unanimously decided at its June month’s Monetary Policy Committee (MPC) meeting to keep the repo rate unchanged at 5.25% by maintaining a neutral stance despite the grave concerns over inflationary pressures triggered by the unresolved West Asia conflict as well as the geopolitical crises. Soon after the crucial MPC meeting, incumbent RBI Governor Sanjay Malhotra informed media that, “The MPC unanimously decided to keep the repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 5.25%.” The RBI Governor reportedly stated,…
Industry Odisha Bureau, Jun 5: In a bid to allow large financial investors (FIs) to have direct and early access to participate in developing greenfield projects across the country, the Government of India (GoI) is reportedly mulling on a new ‘public-private-partnership’ (PPP) framework. Sources reported that, “the new PPP framework, once ready and duly approved, would allow the private equity (PE) firms, pension funds, sovereign wealth funds and large financial investors to directly take part in developing greenfield infrastructure projects like power, railways, airports, urban infrastructure, water supply, et al, apart from the highway projects.” In this context, sources explained…
Industry Odisha Bureau, Jun 4: In a bid to allay the impacts of West Asia crisis and the global crude oil volatility on the Indian economy, the Union Cabinet has reportedly accorded its seal of approval for nearly Rs 20,000 crore package meant for price stabilization fund (PSF) for aviation fuel and a cleaner transport in Delhi-NCR (National Capital Region). As per reports, the approximately Rs 20,000 crore package comprises: “Rs 10,000 crore worth Aviation Fuel Price Stabilization Fund (AFPSF) and Rs 9,585 crore worth Clean Transport Scheme (CTS) for Delhi-NCR.” The objective behind the approval of Rs 10,000 crore…
Industry Odisha Bureau, Jun 4: India’s steel sector sustained its growth trajectory in May 2026, recording year-on-year gains across key production and consumption indicators. Crude steel production reached 14.21 million tonnes in May 2026, up 2.9% year-on-year (YoY). Hot metal production grew 2.0% YoY, while pig iron output (0.77 million tonnes) posted a growth of 1.1% YoY. Finished steel production reached 13.94 million tonnes in May 2026, up 7.7% YoY. Finished steel consumption in May 2026 was 14.33 million tonnes, registering growth of 9.0% YoY. Crude steel production was 28.04 million tonnes during Apr-May 2026, up 2.7% over the corresponding…
Industry Odisha Bureau, Jun 4: In a bid to resolve sports-related disputes and significantly reduce prolonged litigations in multiple lower courts, the Ministry of Youth Affairs and Sports (MYAS) has reportedly initiated the due process meant for constituting India’s first-ever “National Sports Tribunal (NST)” to be headquartered in the national capital city New Delhi. Reportedly, the MYAS has already invited applications for the “two member positions” in the country’s first ever apex quasi-judicial body by “June 18, 2026 as the deadline”. Appointments to the NST will reportedly be made by a high-level “Search-cum-Selection Committee (SSC) headed by the Chief Justice…
Industry Odisha Bureau, Jun 4: India men’s cricket team will reportedly be touring New Zealand from October 22 to December 1 to play the biggest-ever bilateral cricket series hosted by New Zealand. Reported to be a “historic 12 match all-format series”, the composition of the series is reportedly “5 T20 Internationals”, “5 One-Day Internationals”, and last but not the least, “2 Test Matches”. It has also been reported that the “40-day-span tour” by the India men’s cricket team will be played across “five major venues” in New Zealand. Significantly, the bilateral cricket series is a part and parcel of the…
Industry Odisha Bureau, Jun 4: Pin-pointing on the unsafe food risks as well as the fatal impact of foodborne diseases, the World Health Organization (WHO) has reportedly sounded an alarm and issued caution that unsafe food risks have been causing millions of illnesses and deaths annually worldwide, while children under five years of age are particularly vulnerable. Highlighting the “High Incidence of Foodborne Diseases”, the WHO’s analysis covering 194 countries between 2000 and 2021 reportedly states: “Unsafe food causes an estimated 866 million illnesses and 1.5 million deaths annually worldwide. Children under five are particularly vulnerable, suffering nearly one-third of…
Industry Odisha Bureau, Jun 4: Chief Minister Mohan Charan Majhi on Thursday inaugurated the BRICS Disaster Risk Reduction Working Group (DRRG) Technical Meeting in the holy city of Puri, reaffirming Odisha’s commitment to disaster resilience, climate adaptation and sustainable development while calling for enhanced international and inter-state cooperation to address the growing challenges posed by climate change and natural disasters. Welcoming delegates, experts and representatives from BRICS nations, the Chief Minister described the gathering as a significant platform for advancing global disaster risk reduction efforts. He highlighted that the meeting’s theme, “Building for Resilience, Innovation, Cooperation and Sustainability,” reflects the…
Industry Odisha Bureau, Jun 4: Dispelling doubts and refuting the political accusations published in a section of media that India’s part of gold reserves worth billions of dollars has covertly been sold off abroad, the Reserve Bank of India (RBI) has reportedly dismissed such a speculation outrightly affirming that the country’s gold reserves are all intact as well as the country’s pecuniary position is all well and good. Stepping in forthwith, the RBI yesterday issued a fact-check clarifying that “the reports are factually incorrect” and “India’s physical stock of gold remains unchanged at 880.52 tones. As per the RBI’s official…