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Orissa urges World Bank to give soft loans to improve infrastructures
Thursday, February 25, 2010

Bhubaneswar (Odisha): The Orissa government on Wednesday urged the World Bank to provide soft loans to the state as most projects are aimed at improving infrastructures, health and livelihoods.

The request was made by the state government officials to the World Bank offi...

Summary of Economic Survey 2009-10 of India
Thursday, February 25, 2010

New Delhi: The Economic Survey presented to Parliament today says that the economy has bounced back from the global economic slowdown and is on its way to the growth path of  9 per cent.  The CSO estimate of 7.2 per cent GDP growth for 2009-10 reflects the fast paced re...

Tata Steel MD H M Nerurkar says Railway Budget appears to facilitate Industrial growth
Wednesday, February 24, 2010
Bhubaneswar : 'Focusing on the positives of the Railway Budget presented today, at the outset I would say that the Railway budget appears to facilitate Industrial growth and control inflation. The budget attempts to lay a road map for strengthening infrastructure to meet the growing...
United Bank plans to go up to branches in Orissa to 120 by end of March
Tuesday, February 23, 2010
Bhubaneswar:  The United Bank of India, which has 107 branches in Odisha, has planned to go up to 120 by end of March.

As the first step towards this plan, the bank has come out with its Initial Public Offer (IPO) which will open on February 23 and offer five crore ...
First consignment for Orissa project of Tata Steel arrives at Kalinganagar
Monday, February 22, 2010
Report by Orissadiary correspondent; Kalinganagar: Photograph depicting arrival of first consignment of equipments for Orissa Steel Project of Tata Steel in Project Site at Kalinganagar in Jajpur district of Orissa. This equipment consignment is of SMS ( Steel Melting Shop) of the p...
Orissa’s Paradip Port handled record traffic 50 million tone
Tuesday, February 23, 2010

Report by Amarnath Parida; Paradip: Despite global slow down and economic melt-down as well as reduced export & import in the country , Paradip Port has handled an all time record traffic 50 million tones in cargo operation surpassing the past record on 17th February. Paradip...

Tata Steel in Orissa integrating tribals in mainstream through education
Monday, February 22, 2010
Report by Orissadiary correspondent; Bhubaneswar: Education encompasses both the teaching and learning of knowledge, proper conduct, and technical competency. Growth of community by Tata Steel is facilitated through basic education, technical competency, and skill development apart ...
Bank of India to open corporate branches in certain potential states, including Orissa
Friday, February 19, 2010
Bhubaneswar: Bank of India (BOI) is contemplating to open specialized corporate branches to meet to the “specific requirements” of its corporate clients. It has already applied to the Reserve Bank of India for license for the purpose.

“We have applied to the RBI for the l...
Orissa Mining Corporation deposits dividend of Rs 250 crore with state government
Thursday, February 18, 2010
Report by Orissadiary correspondent; Bhubaneswar: The Orissa Mining Corporation has deposited dividend of Rs 250 crore with the state government for the year 2008-09. The Minister of Industries and Mining Raghunath Mohanty has handed over the Cheque of Rs 250 crore to the Chief Mini...
Orissa Government to reply Planning Commission’s query on implementation of Central projects
Thursday, February 18, 2010
Bhubaneswar: The Orissa government will furnish a reply to the Planning Commission that has blamed it for faulty implementation of Centrally sponsored plans in the state.

It may be mentioned here that the Planning Commission had recently come up with a report on failure o...
Finance Minister Pranab Mukherjee inaugurates International seminar on transfer pricing
Wednesday, February 17, 2010
New Delhi: The Finance Minister Pranab Mukherjee inaugurated an International seminar on transfer pricing, here today.  Transfer pricing is a major international tax compliance issue as multinational entities tend to set transfer pricing on cross-border transactions to reduce t...
Vedanta Aluminium's corporate social responsibility changes farmers lives in Orissa
Wednesday, February 17, 2010

Kalahandi (Orissa): Janak Sahu, a paddy farmer in Harekrushnapur village, used to practice single crop farming for around 140 days. The rest of the year he worked as a daily wage labourer, and his annual income never exceeded Rs.25,000.

But today, his fields remain green ...

Orissa to sign deal with British Council
Monday, February 15, 2010
Bhubaneswar: An MoU is scheduled to be signed by the State Government with the British Council to formalise the participation of the State run schools in the British Council Connecting Classrooms Programme on Wednesday. Twenty-one primary and secondary schools from Bhubaneswar and C...
E-Payment of Commercial Taxes in Orissa to be introduced from Ist March
Monday, February 15, 2010
Bhubaneswar: The E-Payment of Commercial Taxes will be introduced from Ist March, 2010. The Businessmen hence forth can deposit their Taxes by Internet with online Banking system. The Businessmen can also file their return through E-Filling from April. Minister of Finance Prafulla C...
IFFCO moves on allied sector projects with overseas companies
Saturday, February 13, 2010
Paradeep (Orissa): Taking stock of the country’s potash requirement which is unavailable in India, world famous cooperative sector IFFCO has ventured to make overseas investment in a potash project with a Canadian company Growmax and made pact with another abroad company Petrogas in...



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