Industry Odisha Bureau, May 27: Odisha is going to host another prestigious international sporting event, the Asian Indoor Athletics Championships 2027. The decision was taken at the Asian Athletics Council in Hongkong today. Apart from Odisha, Chandigarh will host the Asian Relays 2028, officials said. Receiving the news of Odisha being awarded this prestigious continental event, Chief Minister Mohan Charan Majhi has congratulated Indian Athletics. Expressing his happiness, the CM has said that it’s a very proud moment for India and Odisha. With this award, Odisha has strengthened its position as a host for global sporting events, he added. It’s…
Author: Industry Odisha
Industry Odisha Bureau,May 27: In response to the India Meteorological Department’s (IMD) forecast of below-normal South-West monsoon rainfall and potential El Nino impacts in the state, the Odisha government has rolled out robust contingency and preparedness strategy to deal with the situation. Odisha Deputy Chief Minister Kanak Vardhan Singh Deo today chaired a high-level virtual review meeting to deploy a comprehensive Kharif 2026 crop contingency and preparedness strategy. Addressing district administrations via video conference, Singh Deo issued a directive for all departments, district authorities, and research institutions to work in absolute coordination to safeguard farmers’ interests during the upcoming season.…
Industry Odisha Bureau, May 27: The prompt action of the Indian Navy has reportedly been successful in neutralizing a piracy attempt on a merchant vessel as well as ensuring its safety near the Gulf of Aden in the Western Indian Ocean. The official post today on social media platform X by Spokesperson Navy captioned “Piracy attempt thwarted #INSKolkata” reads: “Responding swiftly to inputs of pirate activity near merchant vessel MV Mashallah 1 in the Western Indian Ocean, #INSKolkata undertook prompt action to investigate and deter the threat. This timely intervention ensured safety of the merchant vessel and prevented a possible…
Industry Odisha Bureau, May 27: In a bid to make a mark overseas, especially in the urban markets there, by supplying indigenously-built high-tech and cost-effective trains running on standard-gauge rail tracks, India has reportedly geared up to build and export its already tried and okayed Vande Bharat model trains, but of standard-gauge versions used globally. Accordingly, both the Indian Railways and the Rail India Technical and Economic Service (RITES) have reportedly initiated their concerted efforts for designing such standard-gauge Vande Bharat trains for the exporting purpose since most of the urban-based rail networks are reportedly operating on standard-gauge rail tracks…
Industry Odisha Bureau, May 27: In a bid to avert the threat and risks posed by the quantum technology in the financial sector, the Reserve Bank of India (RBI) on Monday has reportedly set up a panel of experts under its initiative of ‘Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE)’. In its press statement, the RBI reportedly said, “Quantum Technology represents a paradigm shift compared with traditional systems as it leverages the principles of quantum mechanics, such as superposition and entanglement. This enables quantum systems to address complex financial problems such as portfolio optimization, risk assessment, macroeconomic modelling, etc. However,…
Industry Odisha Bureau, May 26: The Comptroller and Auditor General (CAG) of India has decided to undertake a Citizen-Centric Compliance Audit on Urban Mobility in 101 cities across the country under its Annual Action Plan 2026–27. Bhubaneswar and Cuttack have been selected from Odisha for the proposed audit exercise, officials said today. In this connection, an Entry Conference on Urban Mobility was held under the chairpersonship of Additional Chief Secretary Usha Padhee here at the 3rd Floor Conference Hall of Kharabela Bhawan today. Principal Accountant General (Audit-I), Odisha, Subu R, Deputy Accountant General Balakrishna, and members of the audit team…
Industry Odisha Bureau, May 26: Since advertising serves as a bridge between businesses and consumers, it is deemed to be a key marketing tool that informs, persuades and influence consumers while building brand awareness and driving sales. Hence, AI-influencers are seen to be calling the shots in the current era of Artificial Intelligence (AI) technology dominating the scene. Moreover, an AI-influencer is being claimed to be cheaper than a human creator for which commercial establishments are said to be preferring AI-influencers to the human counterparts. Nevertheless, the human creators “with genuine audience trust and scale are deemed to be more…
Industry Odisha Bureau, May 26: Lacking a legally robust norm to curb the ongoing practices of ‘surrogate advertising’ allegedly by the Indian liquor firms, Government of India (GoI)’s Department of Consumer Affairs is said to have shelved its plan for the time being. As per sources, the GoI has opted for such a postponement owing to the absence of a “legally sustainable definition to curb the practice” anticipating backlash and legal challenges from the influential liquor lobby in India. However, the GoI would “regulate such surrogate advertisings on a case-by-case basis under the existing Guidelines for Prevention of Misleading Advertisements…
Industry Odisha Bureau, May 25: Although India is reportedly trying to reduce its trade deficit, India’s solar export boom to America is reportedly at low pace owing to the sharp American tariffs and duties being levied resulting in a “multi-billion-dollar-high-margin export opportunity” being reportedly getting marred. Reports claimed that “a top-listed solar module company experienced nil exports during the quarter ended March 31 in the fiscal year (FY) 2025-26.” Reports also claimed that “a market leader in the solar module export to the USA experienced fewer outbound shipments during the fourth quarter of FY 26”. On the contrary, analysts had…
Industry Odisha Bureau, May 25: Due to the forecast made by the India Meteorological Department (IMD) hinting at early onset as well as below-normal monsoon this year, the Government of India (GoI) is expected to make a review of the inflationary pressures on the country’s economy after June 15 so that the necassry decisions could be undertaken to contain the situation having emerged then. Sources informed that the GoI is very much concerned about the Super El Nino affecting the monsoon this year, as has been warned well in advance both by the IMD and several other international agencies, and…