Bhubaneswar: Union Minister Piyush Goyal announced that India and New Zealand are set to sign a bilateral Free Trade Agreement (FTA), marking a major step in strengthening economic ties between the two nations. Goyal stated that after extensive discussions with New Zealand’s Trade Minister Todd McClay, the agreement was finalised under the leadership of Prime…
Bhubaneswar: India’s insurance sector is undergoing rapid expansion, emerging as a key pillar of financial security and social protection. Policy reforms and regulatory changes are driving this growth, improving both accessibility and affordability of insurance products across diverse population segments. Recent measures such as allowing higher foreign direct investment (FDI), rationalising taxes including GST exemptions…
Bhubaneswar: Union Minister Dharmendra Pradhan and Odisha Chief Minister Mohan Charan Majhi attended the grand launch ceremony of a joint venture between JSW Steel and JFE Steel Corporation, marking a significant step in the state’s industrial growth. Speaking at the event, the Chief Minister said the initiative represents a new chapter in Odisha’s industrial journey….
Bhubaneswar: The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited, effectively ending its operations as a bank from the close of business on April 24, 2026. In an official order, the RBI stated that the licence was withdrawn under Section 22(4) of the Banking Regulation Act, 1949. The…
Bhubaneswar: The Odisha Cabinet has approved a proposal for Shree Ambica Cotspin Pvt. Ltd. to set up a modern yarn manufacturing unit in Bolangir with an investment of ₹124 crore. The project is aimed at strengthening the textile value chain in western Odisha, particularly in the KBK region, by enabling the conversion of raw cotton…
Bhubaneswar: Nearly a decade after exiting Odisha amid land acquisition challenges, POSCO has re-entered the state with a revised strategy, partnering with JSW Steel in a 50:50 joint venture to set up a ₹35,000 crore integrated steel plant in Dhenkanal. The proposed facility will have a production capacity of 6 million tonnes per annum (MTPA)…
Bhubaneswar: A massive fire broke out at the refinery complex in Pachpadra, Balotra, just 24 hours before Prime Minister Narendra Modi was scheduled to inaugurate the facility, sending thick black smoke billowing into the sky. Following the incident, the Ministry of Petroleum and Natural Gas announced that the planned dedication ceremony has been postponed. Officials…
Bhubaneswar: Hon’ble Chief Minister Mohan Charan Majhi, along with Union Minister Ashwini Vaishnaw, laid the foundation stone for 3D Glass Solutions’ advanced Glass Substrate Packaging Unit at Info Valley in Khordha. The project, the first of its kind in India, marks a significant milestone in Odisha’s entry into the semiconductor and advanced electronics manufacturing ecosystem….
Bhubaneswar: The Bhubaneswar Development Authority (BDA) on Friday initiated one of its largest eviction drives to clear alleged encroachments on 68 acres of government land in Shampur mouza of Bhubaneswar. On the first day of the operation, authorities demolished 187 houses, including 31 under-construction structures, spread across eight acres under the jurisdiction of Bharatpur police…
Bhubaneswar: The Odisha government has signed a memorandum of understanding with the National Centre for Coastal Research (NCCR) under the Union Ministry of Earth Sciences to implement Marine Spatial Planning (MSP), making it the first state in the country to adopt the initiative in its second phase. Marine Spatial Planning is a scientific tool for…