New Odisha Age

Category: Economy

Odisha Tourism Launches Homestay Scheme to Promote Rural Tourism and Local Entrepreneurship

Sarmistha Kabi02 mins

Bhubaneswar: The Government of Odisha has launched the Odisha Homestay Scheme to strengthen rural and community tourism across the state while creating new income opportunities for local entrepreneurs and village communities. The scheme is aimed at encouraging the development of quality homestay infrastructure in tourism destinations and promoting sustainable, community-led tourism models in Odisha. Under…

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Narendra Modi Warns of Global Energy Crisis Decade Amid Rising Oil Tensions and Economic Risks

Sarmistha Kabi02 mins

Bhubaneswar: Prime Minister Narendra Modi has warned that the world may be heading into a prolonged energy crisis decade, cautioning that unchecked disruptions in fuel supplies and rising geopolitical instability could reverse decades of economic progress and push millions back into poverty. Speaking during his visit to Netherlands, the Prime Minister stressed that global energy…

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Odisha Reserves Select Fuel Outlets For Buses And Trucks Amid Supply Concerns

Sarmistha Kabi01 mins

BHUBANESWAR: Amid concerns over fuel availability and growing pressure on transportation services, the Odisha government has decided to reserve specific petrol pumps in each district exclusively for buses and trucks to ensure uninterrupted diesel supply for commercial and public transport operations. Officials said the initiative is aimed at preventing operational disruptions, maintaining smooth movement of…

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Conclave on “IBC at Ten: Innovation, Reform & Emerging Challenges”

Sarmistha Kabi05 mins

Bhubaneswar: A conclave on the Insolvency and Bankruptcy Code, 2016 was successfully organised on 18th April 2026 at The Park, Kolkata with the theme “IBC at Ten: Innovation, Reform & Emerging Challenges”. The conclave was conducted by the Insolvency Professional Agency of the Institute of Cost Accountants of India (IPA-ICMAI) in collaboration with the Association of Corporate Advisers & Executives…

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Cargo Vessel ‘Haji Ali’ Sinks Off Oman Coast After Suspected Drone Strike; All Indian Crew Rescued

Sarmistha Kabi01 mins

Bhubaneswar: Cargo vessel Haji Ali, registered at Salaya Port in Devbhoomi Dwarka, sank off the coast of Oman following a suspected drone strike, raising fresh concerns over maritime security amid escalating tensions linked to the Iran–US conflict in the Strait of Hormuz. According to officials, all 14 Indian crew members aboard the vessel were rescued…

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Government of India Suspends Sugar Exports Till September 2026 To Control Domestic Prices

Sarmistha Kabi01 mins

Bhubaneswar: The Central Government has suspended sugar exports with immediate effect, halting overseas shipments until September 30, 2026, or until further orders are issued, according to reports. The move comes amid efforts to prevent a rise in domestic sugar prices at a time when food inflation continues to remain economically and politically sensitive for households…

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Bhubaneswar To Get Dedicated ‘Gupchup Bazaar’ For Hygienic Street Food Vending

Sarmistha Kabi01 mins

BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) is set to establish a dedicated ‘Gupchup Bazaar’ in the city to streamline street food vending and promote a cleaner, more hygienic environment for both vendors and consumers. According to officials, the proposed market will be developed in front of the Regional Institute of Education and is expected to…

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Government of India Plans Fresh Push For Gold Monetisation To Reduce Import Dependence

Sarmistha Kabi02 mins

Bhubaneswar: The Central Government is reportedly preparing a major renewed push for gold monetisation aimed at reducing India’s heavy dependence on gold imports and mobilising idle household gold reserves into the formal economy. Under the proposed initiative, citizens may soon be able to deposit gold with banks and earn interest on their holdings, with banks…

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Ashwini Vaishnaw Highlights Cabinet Push For Coal Gasification To Strengthen India’s Energy Self-Reliance

Sarmistha Kabi01 mins

Bhubaneswar: Union Minister Ashwini Vaishnaw on Wednesday said the Union Cabinet has taken a “very important and timely decision” to promote coal gasification as part of India’s strategy to strengthen energy self-reliance amid rising gas demand and ongoing geopolitical uncertainties. Addressing a Cabinet briefing, the minister said India possesses sufficient coal reserves to meet requirements…

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Air India Cuts Around 100 International Services Amid Rising Fuel Costs And Airspace Disruptions

Sarmistha Kabi02 mins

Bhubaneswar: Air India has announced a reduction of nearly 100 international flight services through July 2026 amid mounting operational pressures caused by rising jet fuel prices and extended flight routes linked to the ongoing crisis in West Asia. Air India CEO Campbell Wilson said the airline has been compelled to rationalise several long-haul operations as…

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