Adds 1.96 lakh new users in September, expanding 4G and 5G dominance across the state Bhubaneswar: Reliance Jio has reinforced its position as the most preferred digital service provider in Odisha, achieving yet another milestone in subscriber growth and network expansion. According to the latest telecom subscription data released by the Telecom Regulatory Authority of…
State records second-highest-ever GST collection in October amid national slowdown and tax rate cuts Bhubaneswar: Odisha’s fiscal momentum continues to gain strength as the state recorded its second-highest-ever net GST collection in October, signaling resilience and renewed consumption despite recent nationwide tax rate reductions. The development suggests that the impact of the Goods and Services…
ACS Hemant Sharma highlights roadmap for industrial-led growth at TNIE Odisha Dialogues Bhubaneswar : Odisha is witnessing a generational shift in public perception—from resistance to a strong demand for industrial development. This growing acceptance and aspiration for industries is propelling the state’s journey towards achieving the vision of a developed Odisha by 2036, said Hemant…
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…
