ICICI Bank to Issue Common Payment Card Solution for Bhubaneswar

By Odisha Story Bureau, Bhubaneswar: Government of Odisha, on Monday, the 4thof September 2017, approved selection of ICICI Bank as the successful financial institution for implementation of Common Payment Card System in the city of Bhubaneswar. ICICI Bank, as the implementing agency will be making an investment of approximately Rs. 20 Crores for the city […]

Transport Sector Stands to Benefit From GST

By Odisha Story Bureau, New Delhi: According to a recent release by Ministry of Road Transport and Highways, the transport sector stands to benefit from the recently rolled out GST in several ways. Pre- GST, the complex tax structure and paper work forced the transport industry to spend a lot of resources on tax compliance […]

Dharmendra to Inaugurate First Safal Outlets in Bhubaneswar Today

By Odisha Story Bureau, Bhubaneswar: Mother Dairy’s Safal is all set to launch its operation in Odisha with two fresh fruit & vegetable outlets in Bhubaneswar in collaboration with oil marketing company to benefit both consumers and farmers. Today afternoon Union Petroleum & Natural Gas minister Dharmendra Pradhan will inaugurate the outlets; one at Rajdhani Service Station (BPCL) […]

NALCO partners with CII, Odisha for outreach programmes on GST

By Odisha Story Bureau, Bhubaneswar: The Goods and Services Tax or GST rollout is scheduled from 1st July, 2017. Flurry of activities are going on in industries across Odisha for adopting the new regime of Indirect Tax with GST subsuming multiple taxes like CENVAT, SVAT, Service Tax, etc. Seamless implementation of GST is sine qua […]

Prominent Industries and Industrial Associations of Odisha terms recent steep hike of electricity duty as counter productive to invest Odisha : Dr. Tapan Kumar Chand

By Odisha Story Bureau, Bhubaneswar: Prominent industries of Odisha including NALCO, JSPL, Vedanta, HINDALCO, PPL, MCL, JSL, IMFA, Nava Bharat, Tata Steel, Tata Iron & Sponge, FACOR, MAITHAN and others as well as representatives of industries associations like CII, UCCI, Captive Power Plant Federation, FICCI, Aluminium Association of India and others had a consultative meeting […]

NALCO’s Q4 net profit registers 25.23% growth over Q4 of previous fiscal

By Odisha Story Bureau, Bhubaneswar: Weathering sluggishness in the metal market across the globe, fluctuating prices in the LME and increase in input costs of raw materials, National Aluminium Company Limited (NALCO), a Navratna  PSU under Ministry of Mines, Government of India, has been riding on its overall growth in production, improving productivity & sales performance to register a […]

Nalco inks MoU with Government of India setting Higher Targets

By Odisha Story Bureau, Bhubaneswar: Navratna CPSE National Aluminium Company Limited (Nalco) has signed an MoU with the Ministry of Mines, Govt. of India setting higher targets in production, productivity, turnover and CAPEX for the FY 2017-18. The MoU was signed between Shri Arun Kumar, Secretary, Ministry of Mines and Dr. Tapan Kumar Chand, CMD, […]

New banking ordinance a welcome step, but inadequate: CSE

By Odisha Story Bureau,  New Delhi: Must consider environmental and social risk management for reducing the number of non-performing assets (NPAs) Measures employed by the RBI and the Ordinance suggest that focus is more on reactive rather than proactive approaches Delay in obtaining project-related approvals is mainly due to inadequate project planning, gaps in environmental […]

LED Expo: Larger than ever before

By Odisha Story Bureau, Mumbai: Growing interest from Asian manufacturers marks 39% increase in international participation Platform to bring forward energy-saving technologies for the Indian market Opening in two weeks, LED Expo will bring some of the leading LED technology manufacturers from 11 – 13 May to Mumbai, to promote widespread penetration of LED lights […]