Industry Odisha Bureau, Aug 22: Since handling the formal tax compliance and maintaining the requisite financial records turn out to be a complicated affair for the self-employed individuals, especially for the small businesses and professionals, financial experts have reportedly suggested for the ‘Presumptive Taxation’ as it is claimed to be offering a simpler alternative. Talking about the purpose of the ‘Presumptive Taxation’, financial experts have reportedly stated that, “It is a simplified tax scheme under the Income Tax Act, 1961 (and consolidated under Section 58 of the Income Tax Act, 2025 from Tax Year 2026‑27). It reduces compliance burden for…
Author: Industry Odisha
Industry Odisha Bureau, Aug 22: India has reportedly received 29 Foreign Direct Investment (FDI) proposals worth Rs 4,895.65 crore under the eased norms for land-border countries. Citing information received from the Government of India (GoI), media reports have stated that, “India received 29 foreign direct investment (FDI) proposals under a revised framework that allows automatic ownership of up to a 10% stake for certain investments. The proposed investments totalling Rs 4,895.65 crore as of August 20, 2026 are in the sectors, such as information technology (IT), artificial intelligence (AI), information and communication (I&C), manufacturing, pharmaceuticals, data centres and transport services.”…
Industry Odisha Bureau, Aug 22: Going by the ‘stronger-than-expected high-frequency indicators’, the Reserve Bank of India (RBI) is now reportedly optimistic of India’s economy outshining its earlier forecast of 6.7% in the ongoing fiscal year 2026-27 (FY27). Quoting incumbent RBI Deputy Governor Poonam Gupta’s speech on August 20, media reports have stated that, “India’s economy based on stronger-than-expected high-frequency indicators could exceed RBI’s earlier forecast of 6.7% growth in FY27 and may move closer to 7-7.5%, and we should aspire to do better than that. The country is set to remain the world’s fastest growing major economy.” Citing the RBI’s…
Industry Odisha Bureau, Aug 22: Sugar prices surged from ₹48.18 to ₹58.20 per kilogram over a one-month period in July-August. The government attributed the increase primarily to lower-than-expected domestic sugar production rather than ethanol diversion. Higher festive-season demand and weather-related crop damage have further tightened India’s domestic sugar availability. Current-season domestic sugar production is estimated at approximately 30.6 million tonnes overall. This represents a significant shortfall from the initial production estimate of 34.35 million tonnes. The production decline reflects substantial weakness in sugarcane output during the growing period. Crop damage drove the shortfall through multiple agricultural challenges affecting India’s sugarcane…
Industry Odisha Bureau, Aug 22: Forecast models indicate that El Niño could reach unprecedented strength this year, with Pacific waters potentially warming more than three degrees above historical averages. For India, this represents additional pressure on both the monsoon and agricultural production immediately. The prospective warming would dwarf most El Niño events recorded in modern climate history, according to Britain’s Met Office. Adam Scaife, head of long-range forecasting at the UK Met Office, calls the forecast unprecedented in intensity and scale. A two-degree Pacific warming is typically considered a major climate event globally, yet current projections exceed three degrees substantially.…
Industry Odisha Bureau, Aug 22: The Odisha Government on Friday approved 14 proposals across food processing, textiles, chemicals, medical devices, electronics, metals and infrastructure industries with a total investment of Rs 2,780 crore. State Level Single Window Clearance Authority (SLSWCA) led by Chief Secretary Anu Garg has approved the projects, which will create employment for 14,104 individuals. The approved projects cover a diverse range of sectors, including Food Processing, Agro& Food Processing, Textiles & Apparel, Chemicals & Chemical Products, Medical Devices, Pharma, Electronics System Design and Manufacturing (ESDM), Steel, Iron & Ferro Alloys, Steel Downstream Manufacturing and Infrastructure. The projects…
ଭୁବନେଶ୍ୱର, ୨୧/୦୮/୨୦୨୬: ଔଦ୍ୟୋଗିକ କାର୍ଯ୍ୟକଳାପର ମୂଳରେ ଥିବା ଦାୟିତ୍ୱ ଗ୍ରହଣ କରି, ଉତ୍ପାଦନ କ୍ଷେତ୍ରର ଭବିଷ୍ୟତକୁ ରୂପ ଦେବାରେ ମହିଳାମାନେ ଅଧିକରୁ ଅଧିକ ଗୁରୁତ୍ୱପୂର୍ଣ୍ଣ ଭୂମିକା ଗ୍ରହଣ କରୁଛନ୍ତି। ଭାରତର ସର୍ବବୃହତ ଆଲୁମିନିୟମ ଉତ୍ପାଦନକାରୀ ବେଦାନ୍ତ ଆଲୁମିନିୟମରେ ଏହି ପରିବର୍ତ୍ତନ ଏହାର ଲାଞ୍ଜିଗଡ଼ ବିଶୋଧନାଗାରରେ ସ୍ପଷ୍ଟ ହୋଇଛି, ଯେଉଁଠାରେ ମହିଳାମାନେ ଆଜି କଣ୍ଟ୍ରୋଲ ରୁମ୍ ଅପରେଟର (ସିଆରଓ) କାର୍ଯ୍ୟବଳର ୧୦୦% ଗଠନ କରନ୍ତି, ଯାହା ବିଶ୍ୱର ସର୍ବବୃହତ ଆଲୁମିନା ବିଶୋଧନାଗାର ମଧ୍ୟରୁ ଗୋଟିଏ । ୯ ଜଣ ମହିଳା ଏବଂ ୭ ଜଣ ପୁରୁଷଙ୍କ ସମେତ ୪ ଜଣ ଡ୍ୟୁଟି ଅଫିସର (ଡିଓ) ଏବଂ ୧୬ ଜଣ କଣ୍ଟ୍ରୋଲ୍ ରୁମ୍ ଇଞ୍ଜିନିୟର (ସିଆରଇ) ଙ୍କୁ ନେଇ ଗଠିତ ଏକ ଦଳ ସେମାନଙ୍କୁ ସମର୍ଥନ କରୁଛନ୍ତି, ଯାହା ଏକ ସହଯୋଗୀ କାର୍ଯ୍ୟ ସଂସ୍କୃତିକୁ ପ୍ରୋତ୍ସାହିତ କରୁଛି। ସେମାନଙ୍କର ବର୍ଦ୍ଧିତ ଉପସ୍ଥିତି ଉତ୍ପାଦନ କ୍ଷେତ୍ରରେ ଏକ ଶକ୍ତିଶାଳୀ ପରିବର୍ତ୍ତନକୁ ପ୍ରତିଫଳିତ କରୁଛି, ଯେଉଁଠାରେ ଦକ୍ଷତା,…
भुवनेश्वर, 21/08/2026: औद्योगिक गतिविधि के केंद्र में कार्यभार संभालते हुए, महिलाएं विनिर्माण क्षेत्र के भविष्य को आकार देने में तेजी से महत्वपूर्ण भूमिका निभा रही हैं । भारत की सबसे बड़ी एल्यूमीनियम निर्माता वेदांता एल्यूमीनियम, यह बदलाव इसकी लांजीगढ़ रिफाइनरी में स्पष्ट है, जहां आज महिलाएं कंट्रोल रूम ऑपरेटर (सीआरओ) कार्यबल का 100 % हिस्सा हैं, जो दुनिया की सबसे बड़ी एल्यूमिना रिफाइनरियों में से एक है । 4 ड्यूटी ऑफिसर्स (डीओ) और 16 कंट्रोल रूम इंजीनियर्स (सीआरई) की टीम, जिसमें 9 महिलाएं और 7 पुरुष शामिल हैं, उनका समर्थन कर रही है, जो कि एक महत्वपूर्ण योगदान है ।…
Bhubaneswar, August 21, 2026: Women are playing an increasingly important role in shaping the future of manufacturing, taking on responsibilities at the heart of industrial operations. At Vedanta Aluminium, India’s largest producer of aluminium, this shift is evident at its Lanjigarh refinery, where women today make up 100% of the Control Room Operator (CRO) workforce, contributing to the efficient operation of one of the world’s largest alumina refineries. They are supported by a diverse operations team comprising 4 Duty Officers (DO) and 16 Control Room Engineers (CRE), including 9 women and 7 men, fostering a collaborative workplace culture. Their growing presence reflects a powerful…
Industry Odisha Bureau, Aug 21: Union Minister for Ports, Shipping and Waterways (MoPSW), Sarbananda Sonowal today inaugurated seven major infrastructure projects worth Rs 427.80 crore at Paradip Port Authority (PPA), marking the port’s 18.5-metre deep-draft capability while witnessing the signing of concession agreements for three mechanisation projects worth Rs 1,580.36 crore. The projects span navigation, connectivity, safety, sustainability, residential infrastructure and community development, while the mechanisation projects are aimed at improving cargo handling and reducing vessel turnaround time. He inaugurated 18.5-metre deep-draft capability at the port worth 352 crore. The capital dredging will enable the port to handle fully laden…