Page 8 - Odisha Economy

Coronavirus lockdown may interrupt operations in 21 mines in Odisha

Although the govt extended the validity of all statutory permits by 2 years for smooth transition, the lockdown is bound to delay the resumption of these mines

Coronavirus: Naveen Patnaik announces Rs 2,200-crore package for welfare

The package will benefit about 1.64 crore people of the states total population of 4.5 crore

Some private hospitals not following coronavirus protocol: Odisha govt

Official sources said at least 10 teams are now engaged to trace all those who might have come in contact with the third COVID-19 patient, a resident of Bhubaneswar

Odisha investments tank 67% by value in FY19, job creation potential halves

Not all investment intents of Make in Odisha 2018 translated into commitments; several projects stuck in 'labyrinth of approvals'

Odisha finance panel pegs fund requirement for local bodies at Rs 50,282 cr

Of the envisaged amount, Rs 29,510.86 crore is expected to flow from the state's internal resources

Odisha's GDP expected to grow at 6.16% in FY20, shows Economic Survey

According to the Odisha Economic Survey, the state's GSDP is growing at average annual growth rate of 7.5%, enabling it to grow at rate faster than national average in 8 years save 2014-15

Nabard pegs 20% hike in Odisha's credit potential, at Rs 90,395 cr

Credit potential in agriculture is 48% of total priority sector. Of this, 93% is estimated under farm credit consisting of crop loans and term loans for agriculture and allied activities

Odisha to again call for auction of 20 mine blocks after tweaking norms

The official reason for the cancellation is 'administrative inconvenience', but government insiders blame it on wrong interpretation by bidders

Odisha's GO-SWIFT portal for investment receives 1000 proposals

The one-stop investment portal received the 1000th proposal from Mumbai-based chemical manufacturer

Govt may decide on Odisha plea on iron ore area limit hike in two weeks

Earlier, the Union mines ministry had turned down a proposal of the Odisha government to increase the area limit of mining lease for iron ore

Odisha clears Rs 2.04-trn investments; focus on sectors other than mining

The new investments will generate direct employment for 30,000 people while creating indirect job opportunities for 100,000 others

Metal sector's share seen at 25% in Odisha's quest to become $1 trn economy

Other drivers of Odisha's 2030 vision of achieving trillion-dollar mark include farm sector, food processing, creative industries, MSMEs and women entrepreneurship

Odisha's telephone connections data falls behind national average: Survey

Odisha has a tele-density of 79.58 per cent rate compared to the national average of 91.09 per cent.

Odisha Budget outgo up 16% to Rs 1.39 trn, stake eyes 8-8.5% growth in FY20

Budget seeks to strike balance between fiscal prudence and funding a bevy of welfare schemes, by curbing fiscal deficit for FY20 at 3.49% within the 3.5% cap mandated under FRBM Act

Odisha woos IBM, Capgemini, Intel to boost IT growth, offers incentives

Odisha wants IBM, Capgemini, Cognizant Technology Solutions, Accenture and Intel Corporation to come to the state.