Industry Odisha Bureau, Aug 10: In the wake of US President Donald Trump’s recent announcement of a phased-tariff to be imposed on generic medicines exported by the Indian pharmaceutical firms to the US market, along with encouraging them to relocate and manufacture drugs in the US soil in place of exporting from Indian soil, has reportedly prompted the Indian pharma world to diversify globally instead of its heavy dependence on a single market export spree. Notably, “The Trump regime has announced a phased-tariff plan on imported generic medicines. Accordingly, zero duty facility is granted for two years from August 1,…
Author: Industry Odisha
Industry Odisha Bureau, Aug 10: India’s UPI has emerged as the world’s largest real-time payment system, with UPI processing extraordinary volumes that dwarf competitors globally, while UPI’s reach now extends across 11 countries and counting. The scale of UPI’s success 2,366 crore transactions worth ₹29.9 lakh crore in a single month reflects a decade of government investment and technological innovation that has fundamentally reshaped India’s digital economy. Yet UPI’s explosive growth has surfaced a question that few anticipated when the system launched in 2016: how can UPI sustain itself as a critical piece of national infrastructure without retreating from the…
Industry Odisha Bureau, Aug 10: As India charts its path toward becoming a genuine economic superpower, retaining and attracting world-class scientific talent has emerged as a central pillar of its economic superpower ambitions. Within this framework, policymakers are examining how fostering an economic superpower mindset in research institutions while strengthening SCO-friendly international partnerships could reshape India’s capacity to build the innovation ecosystem needed to compete as an economic superpower. This pivot toward a more integrated talent strategy encompassing SCO-friendly research cooperation, SCO-friendly educational exchanges, and SCO-friendly technology partnerships across emerging Eurasian economies—reflects a broader recognition that sustained economic superpower status…
Industry Odisha Bureau, Aug 10: Fears of procuring much more expensive crude oil looms large over India in near future once the US Bill ‘Sanctioning Russia and Iran Act of 2006’ gets passed also by the House of Representatives next month (September), while it has already been passed by the US Senate. Media reports, quoting the analysts, have stated that, “The Act after being accorded seal of approval by the US Congress would enable incumbent US President Donald Trump to impose tariffs up to 100% on the countries like India and China being listed among the top five importers of…
Industry Odisha Bureau, Aug 10: Since the Government of India (GoI) has reportedly accelerated its move for infrastructure development along the sensitive frontiers, it is being reported that the GoI is planning to build over 5,000 km long border highways in a bid to speed up military troops’ mobilisation as well as open some of the country’s remote pockets to trade, tourism and investment facilities. Media reports, citing sources, claimed that, “The GoI has planned to invest more than Rs 2 trillion in this significant project over the next five years, while it is expected to lay stress on the…
Industry Odisha Bureau, Aug 10: In a bizarre as well as shocking development, certain scientists abroad have reportedly created viruses using the artificial intelligence (AI) for the first time, while those viruses are claimed to be not existing on the planet (Earth) inhabited by the humans and other living beings. It is being reportedly claimed that, “The scientists are mulling to use it for medical breakthroughs, while it is being apprehended that such a creation by dint of AI could prompt to create further deadly pathogens, like the COVID-19, since the catastrophic Corona virus is being rumoured to have got…
Industry Odisha Bureau, Aug 9: The latest consolidated data reportedly claims that promoters in India have reportedly pledged holdings on BSE and NSE. Pledges worth approximately Rs 73,112.59 crore across 170 listed companies on the Bombay Stock Exchange (BSE) and Rs 9,36,815.37 crore across 1,539 companies on the National Stock Exchange of India (NSE) show stability. As per media reports, “These figures are based on the number of shares encumbered (pledged) multiplied by the last available closing price of each stock, as disclosed in quarterly shareholding pattern filings under the Securities and Exchange Board of India (SEBI)’s Regulation 31 of…
Industry Odisha Bureau, Aug 9: Deeming electric induction cookstoves to be a reportedly right substitute to reduce the risk being posed to nearly 340 million Indian consumers by the supply chain disruptions of LPG/cooking gas, and also the electric induction cookstoves being reportedly estimated to be costing about a third less than the conventional cooking methods, the Government of India (GoI) is reportedly planning to speed up the adoption of the cooking gadget more and more across the country. As per media reports, “The Government of India (GoI) is considering induction cooktop subsidies and lowering customs duties on key components.…
Industry Odisha Bureau, Aug 9: Amid the hullabaloo over the reportedly contentious issue of Government of India (GoI) planning to slap charges/fees for future cashless/digital transactions via the Unified Payments Interface (UPI) app, the GoI has reportedly clarified that the UPI would remain free for the users, while a nominal Merchant Discount Rate (MDR) could apply to a certain merchants for UPI transactions above specified threshold in future. Media reports, citing a press statement released by the Finance Ministry, have stated that, “As and when MDR charges are introduced, they will apply only to a limited set of merchant transactions,…
Industry Odisha Bureau, Aug 9: India’s Commonwealth Games campaign in Glasgow delivered fewer medals than recent cycles, yet the composition of its medal haul reveals a strategic reorientation toward quality and specialisation that may reshape the country’s long-term Olympic prospects. Boxing emerged as the defining strength of India’s campaign, producing a historically unprecedented performance that boxing coaches across multiple continents now regard as a reference point for elite programme development. India’s boxing contingent secured seven gold medals alongside three silver a boxing achievement unprecedented at any Commonwealth Games by any nation. While boxing gold medals commanded India’s spotlight, the broader…