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Author Archives: Sukanta Mishra

INVEST ODISHA: THE JOURNEY TO DESTINATION

Odisha has always endeavored to provide a hassle-free business environment to investors. A number of reforms have been carried out by various Departments of the State Government in the recent past.  Integration of business related services with the e-Biz portal is in place. Odisha is the first state in India to launch a synchronized Central Inspection Framework for all industrial ...

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CSR Status in India and Odisha at post regulatory regime

Interesting aspect of CSR spending by PSUs has been diversion of over 45% of funds to Prime Minister’s Relief Fund and state Chief Ministers’ relief funds ! The reporting system has deprived such funds being made available for local development in most backward areas where the majority of PSU’s are located. The maximum benefit of CSR spending has gone essentially ...

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Euphoria Over Investments

Odisha had fast-tracked itself on the industrialization front by inking MoUs with more than 93 industrial houses and quite a few of them have commenced production. ‘Make in Odisha’ euphoria is in the air. This is part of Odisha’s aggressive new industrial policy that hopes to attract fresh investments to the tune of Rs.2.5 lakh crore and generate several lakh jobs ...

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India Developing Military-Industrial Complex

Defence Research & Development Organisation (DRDO), an R&D wing of Ministry of Defence (MoD), is mandate to design and develop strategic, complex and security sensitive systems in the fields of missiles, unmanned aerial vehicles, radars, electronic warfare systems, sonars combat vehicles, combat aircraft, sensors, etc. for the Armed Forces as per their specific Qualitative Requirements for enhancing the national security ...

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FDI in Agriculture

Foreign direct Investment (FDI) received in the agriculture sector during the last three years and the current year is given below: Sl. No. Year (Apr-Mar) FDI Equity in (Rs crore) 1 2014-15 365.31 2 2015-16 553.14 3 2016-17 515.49 4 2017-18 (Up to May, 2017) 354.77   S.S. Ahluwalia, the Minister of State for Agriculture & Farmers Welfare, informed the ...

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140 Research Projects on medicinal plants

140 research / studies on medicinal values of plants are being carried out by various government as well as private universities / research institutions/ organizations in India. Presently, research projects on various aspects (viz. literary research, survey, identification, documentation, micropropagation, agrotechnology, drug standardization, pharmacological and clinical research etc.) of medicinal plants are being supported by different Ministries/Departments of Government of ...

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Implementation of Bio-Fuel Scheme

For the development of Biofuels, a National Policy on Biofuels has been announced in the year 2009. The Government, is implementing the Ethanol Blended Petrol (EBP) Programme under which, Oil Marketing Companies sell ethanol blended petrol with percentage of ethanol up to 10% as per BIS specifications, depending upon its availability. This was stated by Piyush Goyal, Minister of State ...

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World Bank Loan for Solar Park Projects

World Bank financing of USD 100 Million for development of internal infrastructure of solar parks has been planned by Indian Renewable Energy Development Agency Ltd. (IREDA) under the aegis of Ministry of New & Renewable Energy. The World Bank loan is proposed to flow to the interested Solar Power Park Developers (SPPDs) through IREDA. This was stated by Piyush Goyal, ...

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National Fertilizers Limited OFS over-subscribed

The Retail Portion of the National Fertilizers Ltd (NFL) OFS has been oversubscribed by the retail investors. Against the 20% portion amounting to Rs. 107.14 crore reserved for retail investors, the total bids of Rs.178.67 crore has been received, thus the Retail Portion got oversubscribed approximately by 1.66 times. The Non Retail portion of the OFS opened on 26th July, ...

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SAGAR VANI App launched

Dr. Harshvardhan, Minister of Science & Technology, Earth Sciences and Environment, Forests & Climate Change, has launched an app “Sagar Vani” on the occasion of Foundation Day of Ministry of Earth Sciences in New Delhi on July 27. ESSO-Indian National Centre for Ocean Information Services (INCOIS) under Ministry of Earth Sciences (MoES) provides ocean information services for the benefit of ...

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