The East India Company, once among the most powerful trading corporations in history, has shut down once again. Originally founded in 1600, the company played a central role in British colonial expansion in India before being formally dissolved in 1874. More than a century later, in 2010, businessman Sanjiv Mehta revived the historic name as…
Bhubaneswar: Odisha Chief Secretary Anu Garg on Wednesday emphasised the need for effective implementation of the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme during a state-level approval committee meeting convened to review its progress. Presiding over the meeting, Garg directed the MSME department to ensure convergence of PMFME with other government programmes…
Bhubaneswar: Finance Minister Nirmala Sitharaman’s sharp warning to banks against the mis-selling of financial products marks a critical intervention in India’s banking landscape. Her emphasis on prioritising core banking functions—such as lending and strengthening CASA (Current Account Savings Account) deposits—signals growing concern that banks are drifting away from their primary role as financial intermediaries. In…
Bhubaneswar: Tribal women in the remote Kotia region of Odisha have begun cultivating German chamomile, a high-value medicinal crop, to improve their livelihoods and income security. The initiative is being supported by the Odisha Rural Development and Marketing Society (ORMAS) and the Central Institute of Medicinal and Aromatic Plants (CIMAP), leveraging the region’s favourable climate…
Bhubaneswar: India is hosting the AI Impact Summit 2026, bringing together over 20 Heads of State, 60 Ministers, and more than 500 global artificial intelligence leaders to shape the future of AI governance, innovation, and global cooperation. The summit is structured around three foundational pillars, referred to as “Sutras” — People, Planet, and Progress, highlighting…
Bhubaneswar: Union Minister Ashwini Vaishnaw on Tuesday announced that the government will soon launch the ‘Create in India’ mission, calling it an industry-focused, employment-driven and future-oriented initiative. Speaking at the India AI Impact Summit 2026, Vaishnaw said the upcoming mission aims to strengthen domestic innovation, boost industrial growth, and create large-scale job opportunities by promoting…
Bhubaneswar: Union Education Minister Dharmendra Pradhan on Tuesday announced plans to develop a 1,000-acre industrial hub in Sambalpur, marking a major push to accelerate industrialisation in western Odisha. Pradhan said the proposed industrial cluster aims to attract large-scale investments, create employment opportunities, and strengthen the region’s manufacturing ecosystem. Discussions are underway to earmark land for…
Bhubaneswar: Union Home Minister Amit Shah on Sunday inaugurated India’s first Central Bank Digital Currency (CBDC)–based Public Distribution System (PDS), marking a major step towards digitising welfare delivery for nearly 80 crore beneficiaries under the National Food Security Act (NFSA). Under the system, programmable e-Rupee tokens will be credited to beneficiaries’ RBI-linked digital wallets. These…
Bhubaneswar: A nationwide Bharat Bandh on February 12 could lead to partial disruptions in banking, transport and local services, though essential services are expected to operate normally. Public sector bank unions have announced participation in the strike, which may affect branch-level banking operations, even as branches remain open. Public transport, including buses and taxis, could…
Bhubaneswar: The Odisha government has approved a significant salary hike for contractual AYUSH doctors working under the National Health Mission (NHM), Chief Minister Mohan Charan Majhi announced on Tuesday. Under the revised structure, AYUSH doctors will receive monthly salary increments ranging from ₹20,000 to ₹40,000, depending on their years of service. The move is expected…