Bhubaneswar, March 22: With the traditionally new financial year (FY) that officially begins from April 1 onwards till March 31 the next year across India, several banks in the country are reportedly all set to implement certain new rules for the usage of respective ATMs. Media reports stated that the new changes focus on “boosting up digital access” by “introducing QR-based cash withdrawals” and “free limits for UPI cash withdrawals” along with “transaction charges”. As reported, the public sector Punjab National Bank (PNB) has reportedly revised its daily cash withdrawal limits by debit card. The new rule would permit the…
Author: Industry Odisha
Bhubaneswar, March 22: While the ongoing turbulent tug-of-war between US-Israel and Iran has entered its 23rd day since February 28 this year and the strategic chokepoint-Strait of Hormuz-still forcibly closed by Iran stranding scores of oil-laden vessels at sea resulting in a gargantuan global energy crisis, a visibly peeved US President Donald Trump on Saturday (March 21) issued a stern warning against bête noire Iran to reopen Hormuz within 48 hours, or else face the more ferocious music of devastating strikes on all Iranian power plants. In a strongly worded statement on his official post on Truth Social, the enraged…
Bhubaneswar, March 21: Since the choking of the strategic chokepoint Strait of Hormuz by Iran has now sparked off a catastrophic global oil crisis apparently converting it into an economic warzone, incumbent US President Donald Trump seems to have planned for giving his bête noire Iran a taste of its own medicine by reportedly announcing a 30-day waiver/de-sanctioning sale of Iranian crude oil already loaded on vessels. Media reports said that those Iranian-crude-oil-loaded vessels, carrying nearly 140 million barrels, have been asked to be released immediately from the clutch of Iran’s Hormuz in a bid to flood the global market…
Bhubaneswar, March 20: Retired bureaucrat and HDFC Bank’s part-time chairman-cum-independent director Atanu Chakraborty has tendered his resignation with immediate effect on March 18. In his resignation letter, Chakraborty has cited his “ethical concerns” against the allegedly “happenings and practices” within the leading corporate bank. In his resignation letter addressed to the Chairman of Governance, Nomination, and Remuneration Committee of the HDFC Bank, the retired bureaucrat has reportedly mentioned, “Certain happenings and practices within the bank that I have observed over the last two years, are not in congruence with my personal values and ethics. This is the basis of my…
Bhubaneswar, March 20: The State Level Single Window Clearance Authority has approved 1073 large industrial projects involving an investment of Rs 24,28,989 crore since 2016. This was informed by Industries Minister Sampad Chandra Swain in the State Assembly on Friday. Out of the above approved projects, 118 large industrial projects worth Rs 1,88,582 crore have been established and have become partially or fully operational in the State, he said. A total of 93,276 jobs have been estimated to be created with the grounding of the above 118 industries, Swain said. Among these industries, Vedanta Ltd has made an additional investment…
Bhubaneswar, March 20: Since it has now appeared to be crystal clear and evident enough that the absolute control over the contentious Strait of Hormuz lies in the gargantuan grip of Iran, the present state of affairs has reportedly converted into an economic warfare from the apparently ballistic/missile/drone strikes. Latest media reports reveal that adamant Iran has now started charging hefty fees from its favoured oil tanker(s) for safe passage following which an oil tanker operator has reportedly coughed up $2 million in shape of transit fee for a safe passage through the strategic chokepoint. The sea route has been…
Bhubaneswar, March 20: Odisha to host prestigious World Athletics Indoor Championships-2028 her at iconic Kalinga Stadium, Sports Minister Suryabanshi Suraj informed CM Mohan Charan Majhi. The World Athletics Council has selected Odisha in India to host the World Athletics Indoor Championships in 2028. The event was awarded during the 240th World Athletics Council Meeting held in Toruń, Poland, ahead of the World Athletics Indoor Championships Kujawy Pomorze 26. The awarding of the 2028 World Athletics Race Walking Team Championships to Hefei in China was also among the decisions made during the two-day meeting on Wednesday and Thursday (18-19 March). The…
Bhubaneswar, March 20: As the Indian rupee (INR) has reportedly been dropping low against the US dollar (USD) since very long, the escalating conflict in the Middle East has further taken a toll on the already weakening Indian currency. Adding fuel to the fire, the Indian currency further fell yet again to 93.12 today (March 20) in comparison to its previous weakening of 92.63 on March 18, while on Thursday it had depreciated to 92.94, media reports said. The depreciation of INR has been reported to be nearly 2% since the tensions erupted in the Middle East. Experts attribute such…
Bhubaneswar, March 19: The first edition of the Odisha Mining and Construction Equipment Expo (OMCE) 2026 was inaugurated by Hemant Sharma, Additional Chief Secretary (ACS), Industries. Thiagarajan, Chairman of CII Trade Fair Council and Anil Kumar Singh, chairman, CII Odisha State Council were also present during the inauguration of the expo here at Baramunda Ground. Organized by the Confederation of Indian Industry (CII), the three-day expo brought together key stakeholders from across the industry to showcase innovation, foster partnerships, and drive sustainable growth. Following the inauguration, the dignitaries led an extensive exhibition walkthrough, interacting with exhibitors and witnessing live demonstrations…
Bhubaneswar, March 19: The Odisha Government has decided to put 11 virgin mineral blocks in five districts on auction during the current Financial Year 2025-26, State Steel and Mines Minister Bibhuti Bhusan Jena said in Assembly on Thursday. According to the Minister, the mineral blocks proposed to be auctioned are located in Bargarh, Kalahandi, Keonjhar, Rayagada and Sundargarh. The mines are– Behera Banjipalli Limestone Block (Bargarh), Karlapat Bauxite Block (Kalahandi), Kendudihi-Parulipada Manganese Block & Gadadharpur Iron Ore Block in Keonjhar district, Nunapaimali Bauxite Block, Tikrimali-Budharajamali, Tikriguda-Maliguda & Nangalmarhimali in Rayagada district, Patamunda Manganese & Iron Ore Block – B, Jaldihi…