Finance Minister Nirmala Sitharaman today presented the Union Budget 2024-25, making history with her seventh consecutive Budget speech. She becomes the first finance minister to achieve this milestone, surpassing the previous record held by former Prime Minister Morarji Desai, who presented six consecutive budgets from 1959 to 1964. Major Announcements: Tax Reforms: Sitharaman announced increased…
Tourism and travel stakeholders in Odisha have called for a comprehensive revision of the Odisha Tourism Policy, which was introduced by the previous BJD government in 2022. They claim that the current policy has failed to develop tourism or attract foreign visitors to the state. In the 2022-23 period, Odisha ranked last among Indian states…
India has set ambitious targets to achieve a 45% reduction in emission intensity by 2030 and to attain energy independence by 2047, ultimately aiming for net-zero emissions by 2070. Central to this vision is the wider adoption of electric vehicles (EVs), the manufacturing of indigenous energy storage systems, and the generation of renewable energy…
India’s export sector has shown significant growth in June 2024, with total exports, including merchandise and services, estimated to grow by 5.40% compared to June 2023. The cumulative overall exports for the period April-June 2024 are projected to grow by 8.60%. Merchandise exports have seen a positive increase of 2.55%, amounting to USD 35.20 billion…
Jindal Steel and Power (JSP) has announced plans to build the world’s largest steel plant in Angul, Odisha, by 2030. Chairman Naveen Jindal shared this ambitious vision during a meeting with Chief Minister Mohan Charan Majhi on Tuesday. JSP is currently working on expanding its Angul steel-making facility, aiming to double its capacity from 6…
In a significant move to bolster the agricultural sector, the Government of India is set to launch the ‘Agri Fund for Start-Ups & Rural Enterprises’ (AgriSURE). This initiative, aimed at supporting start-ups and agripreneurs, was announced during the pre-launch stakeholder meeting at NABARD Headquarters in Mumbai. The AgriSURE fund, valued at Rs 750 crore, will…
The Odisha government has greenlit 26 new projects valued at Rs 5,992.92 crore, aimed at accelerating industrial development and creating 19,364 jobs across the state. This decision was made during the State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Manoj Ahuja on Wednesday. The approved projects span multiple sectors, including steel,…
In a major milestone, drivers trained under Odisha’s SuVahak project at the Institute of Driving Training and Research (IDTR) are now set to secure employment in Japan. This follows a Memorandum of Understanding (MoU) between Odisha’s Commerce and Transport Department and Bengaluru-based Navis HR, backed by a Japanese placement firm. The IDTRs provide comprehensive training…
The Odisha Police is set to introduce AI-powered technology for the first time to manage traffic during the upcoming Rath Yatra, marking a significant technological advancement in the event’s history. In partnership with Odisha-based leading drone tech and AI company IG Drones, supported by StartUp Odisha, this initiative aims to enhance traffic and crowd management…
Railway Minister Ashwini Vaishnaw announced on June 30 that Odisha will receive ₹1 lakh crore worth of new railway projects over the next five years. This announcement came during a felicitation program organized by the Odisha BJP in Bhubaneswar to honor the party’s 20 MPs and 78 MLAs elected in the recent Lok Sabha and…
