Bhubaneswar, March 16: Renowned businessman and former Union Minister Dilip Ray won the Rajya Sabha election in Odisha defeating popular doctor Datteswar Hota, the common candidate of BJD and BJP. The elections for four seats were held on Monday in the state Assembly premises. While the ruling BJP nominated its state president Manmohan Samal and Sujeet Kumar, the BJD had fielded Santrupt Misra. As both parties had adequate numbers to win the three seats, the first three candidates won the poll. However, an interesting fight was seen between two independent candidates Ray and Hota for the fourth seat. Though the…
Author: Industry Odisha
Fitch Ratings Foresees FY27 Pace Slumping Bhubaneswar, March 16: New York City-headquartered Goldman Sachs (a leading global investment banking, securities, and investment management firm) has reportedly curtailed India’s Gross Domestic Production (GDP)’s forecast to 6.5% from 7% for the fiscal year (FY) 2026. Similarly, Fitch Ratings (a leading international credit rating agency) has reportedly predicted a slumping down pace of India’s economy from 7.5% to 6.7% in the very next fiscal year (FY) 2027. Under the scenario of the Gulf crisis and shooting crude oil prices, Goldman Sachs has also reportedly assessed that it would trigger the rise in inflation…
Bhubaneswar, March 16: Delving deeper into the ongoing gulf crisis, geo-political experts as well as economists are reportedly viewing it as “an early signal of a fast changing global order and reconfiguration”. Even though it surfaces to be an apparently “regional confrontation”, the dire need of fossil fuel/crude oil not only reigns supreme, but also rules the roost in the energy sector, and has also made the global economy go virtually kaput. While the USA led by the incumbent Trump regime appears to be a “big bully hell bent on dictating the terms”, “whims and fancies” of Israel led by…
Bhubaneswar, March 15: Additional Chief Secretary (ACS), Housing & Urban Development Department and IDCO Chairperson Usha Padhee unveiled an ambitious and forward-looking roadmap to accelerate Odisha’s Blue Economy while addressing the Global Summit on Blue Economy 2026 here. The roadmap outlines a transformative strategy to position Odisha as a leading hub for sustainable ocean-based growth, maritime innovation, and coastal prosperity. Highlighting the State’s strategic maritime advantage, Padhee said Odisha is uniquely positioned to harness the immense potential of its 575-kilometre coastline, transforming it into a dynamic engine of economic growth while safeguarding ecological balance. She emphasised that Odisha’s coastline must…
Bhubaneswar, March 14: Even after taking several measures by the Government and close monitoring, on an average, road accidents have claimed lives of at least 15 individuals every day in Odisha during this year. According to official data, 1025 persons were killed and 1594 persons injured in 1616 road accidents occurred on different roads of Odisha in between January 1 to March 6, 2026. While analyzing the data, it was found that on an average, at least 15 human deaths occurred on the road of Odisha each passing day this year. Similarly, on average, at least 24 persons were injured…
Bhubaneswar, March 14: The Odisha State Pollution Control Board (OSPCB) has issued closure directions to 233 industries non-complying with the prescribed environmental standards, according to official sources. As per information received, there are a total of 13,256 industries in Odisha. Out of these industries, 12,156 industries are operational. The State Pollution Control Board has conducted a total of 9,614 inspections of industries in the last three years. Among these industries, 922 industries are found non-complying with the prescribed environmental standards, against which actions like closure directions, show cause notices and other directives and legal cases were taken by the Board…
Bhubaneswar, March 14: With its robust policy and pro-industry approach, the Odisha government has attracted a total investment of Rs 14,586.80 crore in the semiconductor sector. According to information given by Industries Minister Sampad Charan Swain in the State Assembly today, six semiconductor projects are in pipeline in Khurda districts. The State has signed an MoU with Heterogeneous Integration Packaging Solutions Pvt Ltd for establishment of a semiconductor unit in Khurda at a cost of Rs 1926 crore. This project will provide employment for 1072 persons, Swain said. The Industries Minister has also informed that five other projects with a…
Bhubaneswar, March 14: Odisha Industries Minister Sampad Chandra Swain today said the State government is now focusing on promoting the industrial park model and developing regional industrial corridors across the State to support the next phase of industrial expansion. The Industries Minister gave this remark during a programme organized by the CII Odisha here today. Giving emphasis on proper collaboration between government and industry to achieve sustainable development, Swain said that sustainable economic growth requires strong partnerships between government and industry. He highlighted the need for collaboration between large enterprises and MSMEs and stressed balancing economic ambition with social responsibility…
Bhubaneswar, March 14: Different companies including the Public Sector Undertakings (PSUs) operating in Odisha have utilized a fund to the tune of Rs 3136.58 crore under their Corporate Social Responsibility (CSR) initiative during the financial years 2021-22, 2022-23 and 2023-24. According to official data, the companies have spent Rs 752.37 crore during the FY 2021-22, which was increased to Rs 994.82 crore and Rs 1389.39 crore during the subsequent fiscal. The amount was utilized in execution of different developmental and public works in all 30 districts of the State. During FY 2023-24, highest CSR fund of Rs 302.97 crore spent…
Bhubaneswar, March 14: Indian Women’s Hockey Team defender Nikki Pradhan achieved a remarkable milestone by completing 200 International Caps during the team’s match against Wales in the FIH Hockey World Cup Qualifiers 2026 Hyderabad, Telangana on Wednesday. She achieved this at the Gachibowli Hockey Complex Balayogi Hockey Ground in Telangana. Pradhan made her international debut during the India Tour of South Africa in 2016, and since then has been a consistent presence in the Indian defence across several major tournaments. Hailing from Jharkhand, she also created history by becoming the first female hockey player from the state to represent India…