Over the past decade, Odisha has been steadily transforming its economic identity — shifting from a resource-based, traditional state to one that increasingly values innovation, technology, and entrepreneurship. What once was a peripheral player in India’s startup map is now emerging as a serious contender in the eastern region, backed by supportive policies, institutional mechanisms,…
CAG report highlights state’s fiscal discipline with surplus of ₹19,456 crore in FY 2023 Bhubaneswar: Odisha has emerged as one of India’s top-performing states in fiscal management, recording a robust revenue surplus of ₹19,456 crore in the financial year 2022–23. The state was ranked third among 16 revenue-surplus states in a decadal study on state…
Finance ministry official says reforms, resilience, and strong banking sector will drive India’s rise Bhubaneswar : India’s share in global GDP growth is projected to rise to 9 per cent by 2035, up from 6.5 per cent in 2024, according to M. Nagaraju, Secretary of the Department of Financial Services, Ministry of Finance. Speaking at…
Revised tax framework promises relief and clarity, yet industry preparedness will decide its true impact Bhubaneswar : The rollout of GST 2.0 has sparked both optimism and caution across India’s business landscape. In Odisha, the Utkal Chamber of Commerce and Industry Ltd (UCCI) recently convened an interactive session to decode the implications of the revised…
With GST reduced on essential medicines from September 22, the Centre directs manufacturers to pass on the benefit to patients immediately. Bhubaneswar : The Central Government has issued a directive to pharmaceutical and medical device manufacturers to promptly revise the Maximum Retail Price (MRP) of their products in line with the recent Goods and Services…
Economists argue real revenue hit could reach double the Finance Ministry’s figure. Bhubaneswar : The Union Finance Ministry has projected that the recent restructuring of Goods and Services Tax (GST) rates will lead to revenue losses of around ₹48,000 crore. However, several economists and research firms have challenged this estimate, suggesting the shortfall could range…
Producers highlight high iron ore premiums and call for government action to ensure global edge Bhubaneswar : India’s leading steel producers have urged the government to take immediate steps to lower input costs, particularly iron ore and coking coal, in order to maintain global competitiveness. At the ISA Steel Conclave 2025 held, top executives from…
State Sets 50% EV Adoption Target by 2030 with Expanded Incentives and Charging Network Bhubaneswar : The Odisha government has released its draft Electric Vehicle (EV) Policy 2025, unveiling an ambitious roadmap to position the state as a national leader in green mobility. The new policy sets a bold target of achieving 50 percent electric…
Odisha CM Majhi hails decision as a boost for farmers, small traders and households Bhubaneswar : India’s indirect tax regime is set for a historic overhaul, with the GST Council approving sweeping changes aimed at rationalising rates, lowering costs for households, and simplifying compliance. Starting September 22, a wide range of daily-use goods will become…
RBI data show a sharp rise to ₹12,236 crore in June as Odisha parks temporary surpluses in low-risk, high-liquidity T-Bills. Bhubaneswar : Odisha has sharply increased its investments in Treasury bills (T-Bills) during the April–June quarter, moving to the second-highest position among states by June, according to Reserve Bank of India (RBI) data shared in…
