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Weak monsoon may hit consumption story

MUMBAI/NEW DELHI/CHENNAI: India’s consumption looks headed for a near-term slowdown with predictions of an El Nino-weakened monsoon likely to bring the lowest rainfall in 11 years.Deficient rains may weigh on rural demand, impacting volume growth and crimping sales of a host of products ranging from soaps, shampoos, packaged food to two-wheelers and durables. For companies…

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Bus owners demand fare revision | Bhubaneswar News

Bhubaneswar: All Odisha Bus Owners’ Association on Saturday issued a 10-day ultimatum to the state govt demanding an immediate revision of passenger bus fares in view of the sharp rise in operational costs over the past six years. The association warned that private bus operators across the state may suspend services if their demand is…

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Vigilance arrests co-op official | Bhubaneswar News

Bhubaneswar: Vigilance sleuths on Friday arrested a cooperative banking officer for allegedly misappropriating govt funds amounting to Rs 33,80,963 in a major crackdown on financial irregularities in cooperative institutions.The officer was identified as Patitapaban Majhi, former secretary of Garhsantri Service Co-operative Society under the Angul United Central Co-operative Bank Ltd (AUCCB), Banarpal branch. He is…

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5-month duty relief for cotton imports

The exemption will be available from June 1 to Oct 31 NEW DELHI: Govt on Saturday announced a five-month duty exemption for all cotton imports into the country, aiming to cool down prices and ensure that the domestic garment and textiles industry remains in a robust state.The exemption will be available from June 1 to…

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Centre withdraws draft Sugarcane Control Order after pushback from khandsari units, farmers

The Centre has withdrawn the draft Sugarcane (Control) Order, 2026, saying it will revisit the proposed framework after receiving objections from state governments and other stakeholders, PTI reported.The Food Ministry had circulated the draft order for public comments with a May 20 deadline. The proposal sought to replace the 60-year-old Sugarcane (Control) Order, 1966, with…

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Above-normal monsoon in parts of Odisha: IMD | Bhubaneswar News

Bhubaneswar: Parts of south and central Odisha will likely experience a normal or above-normal monsoon this year, amid possible development of EI Nino condition, said India Meteorological Department (IMD) DG Mrutyunjay Mohapatra on Saturday.However, the north Odisha pockets would likely experience below-normal monsoon, he added. Mohapatra further forecast that heatwave days would be at least…

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Fuel price cut call: Transporters body urge Centre to cut petrol, diesel prices as crude falls to $90 per barrel

The All India Motor & Goods Transport Association (AIMGTA) has urged the Centre to reduce petrol and diesel prices, arguing that a sharp decline in international crude oil prices should be passed on to consumers and the transport sector, reported PTI.In a representation to the government, the association said global crude oil prices have fallen…

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