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Bhubaneswar
Sunday, October 22, 2017

Business

2 Mines Of NINL Get Stage-I Forest Clearance

Bhubaneswar: Odisha-based Neelachal Ispat Nigam Limited (NINL) has got the Stage-I Forest clearance for its captive mines from the Forest Advisory Committee of the Ministry of Environment & Forest (MoEF), official sources said. NINL's captive iron ore mines are situated at Koira in the districts of Sundergarh and also in Keonjhar. The mining lease of NINL was earlier executed on...

Sweet Fragrance: Florists Make Brisk Business During Navaratri In Berhampur

Berhampur(PTI): The florists have made a brisk business during the ongoing Navaratri festival when the flower trading reached its pick in Berhampur. Durga Puja committees ordered flowers for puja and to decorate pandals, while shop owners and individuals ordered flowers on occasion of Dussehra. Flowers like marigold, water lily, jasmine, China rose and amaranth (aparajita) are required for rituals in Durga...

Kochhar, Shikha, Nooyi,  On ‘Fortune’ Most Powerful Biz women List

New York(PTI): Two Indians -- Chanda Kochhar and Shikha Sharma -- have made it to the rankings of most powerful women in business outside the United States drawn up by the Fortune magazine while Indra Nooyi featured in the top three on the US edition list. The Most Powerful Women in Business outside the US list, which was topped by...

Sensex Loses 109 Points, Nifty Below 9,850

Mumbai(PTI): The Sensex today extended its losses on selling in oil and gas, FMCG and banking sectors amid weak Asian cues against the backdrop of renewed tensions on the Korean peninsula. The broader Nifty fell below the 9,850 level to 9,837.85. Barring realty and metal sectors, which witnessed value buying, investors opted for profit-booking ahead of the September derivative expiry on...

Odisha Govt To Demand Rs 525 Crore Asks GST Compensation From Centre

Bhubaneswar: Odisha government today said it will demand Rs 525 crore from the Centre as compensation towards loss under the Goods & Services Tax (GST) regime for the last two months. The Finance Minister Sashi Bhusan Behera, told reporters that the state government had targeted Rs 2393 crore tax collection since the GST was implemented. “But our collection was to the...

E-Commerce: Promoting And Selling Tribal Products On Amazon Portal

New Delhi & Bhubaneswar: The Tribal Cooperative Marketing Development Federation of India Limited (TRIFED), a PSU under Union Ministry of Tribal Affairs, and Amazon have inked a Memorandum of Understanding(MOU) to promote and sell tribal products through the online marketplace. Highlighting the objective of the MOU, the Union Minister for Tribal Affairs, Jual Oram said that tribal products need to catchup with...

Centre Nods Odisha’s Demand To Reduce GST Rates On Handicraft Goods

Bhubaneswar: The Goods and Services Tax(GST) rate on handicraft and handloom products has been reduced by the Central GST council as demanded by Odisha government, official sources said. Finance Minister S B Behera said today that the GST on Sabai ropes and cups and plates stitched from Sal/Soali leaves has been reduced from 18 per cent to 5 per cent...

Mobile Tower Players Welcomes Odisha’s New Policy

New Delhi(PTI): The new mobile tower policy of Odisha, which prescribes time-bound approvals and minimum charges for erection, is a comprehensive framework that will help address telecom infrastructure issues in the state for next 15-20 years, an industry body said. The Tower and Infrastructure Providers Association (Taipa) has also urged other states to take a leaf out of the Odisha's...

NALCO To Expand To New “Immune” Sectors To Counter Downturn

Bhubaneswar: Faced with an unpredictable world market and a weak bottomline, Navratna PSU aluminium major NALCO today announced plans to diversify into areas like green power, caustic soda and merchant mining, which are "immune" to downturns. Given the "tough going" in the market, NALCO is framing a New Business Model (NBM) and a new corporate plan to withstand market onslaughts...

Matter Of Few Days: Dharmendra Claims, Fuel Prices Will Come Down Soon

Ahmedabad(PTI): Attributing the recent rise in fuel prices to a hurricane in the US, Union minister Dharmendra Pradhan today said the rates will come down in the next few days. "Fuel prices have gone up recently due to the hurricane in the US. As the prices reduce in the international market, they will come down here also," the Petroleum and...

6 More Mines In Odisha To Be Auctioned By October

Bhubaneswar: Odisha government has asked officials of the Steel and Mines department to step up preparations for auction of six more mines by end of October. The decision in this regard was taken at the State Facilitation Committee meeting chaired by Chief Secretary A P Padhi. The meeting also reviewed progress made in the mining leases auctioned recently. "Target was set...

Odisha Pitches Friendly Policies To Woo Japanese Investors

New Delhi (PTI): The Odisha government today sought to hardsell business opportunities in the mineral-rich state to Japanese investors, citing its investment-friendly policies and other incentives on offer. A delegation led by state Industries Minister Niranjan Pujari and Principal Secretary, Industries Department, Sanjeev Chopra called on officials of Japanese companies operating in the country, an official statement said. At a meeting...

Naveen For Completing Ease of Doing Business Reforms By Oct 10

Bhubaneswar(PTI): Chief Minister Naveen Patnaik has asked officials to complete all the reforms on Ease of Doing Business in Odisha by October 10. The state government has already undertaken several reforms for Ease of Doing Business and the remaining ones should be completed by October 10, Patnaik said at a meeting. At a recent meeting, the chief minister has said that...

Naveen Patnaik: A New Odisha Export Policy Soon

Bhubaneswar (PTI) Encouraged over the high growth rate of exports in the state, Chief Minister Naveen Patnaik today annonced that a new Odisha Export Policy, 2017 would be announced soon. Patnaik said this while inagurating a workshop on 'Export Strategy of Odisha' here. Besides, in order to ensure "ease of doing business" to exporters, the state is in process of accomodating...