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Mines Ministry to Set Up PMU to Supervise DMF Fund Use in State

The New Indian Express Sambalpur

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April 15, 2025

WITH the ministry of Mines planning to set up a programme management unit (PMU) to monitor utilisation of the District Mineral Foundation (DMF) funds, the state will come under close scrutiny for lagging in utilisation, and diversion of money to other sectors than the mandated welfare of mining-affected areas.

- BIJOY PRADHAN @Bhubaneswar

With Odisha accounting for the highest share of DMF funds - over ₹30,000 crore which is nearly 30 per cent of the total collection across the country, the total expenditure so far is ₹1,867.80 crore. This is merely six per cent of the total collection.

PLUS D'HISTOIRES DE The New Indian Express Sambalpur

The New Indian Express Sambalpur

The New Indian Express Sambalpur

Changes we saw post '83, we hope & expect the same now: Saikia

O n a dreamy night, India beat South Africa to win their first Women’s World Cup. BCCI secretary Devajit Saikia called it a “landmark event” that will change the landscape of women’s cricket in the country.

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1 mins

November 04, 2025

The New Indian Express Sambalpur

₹1L cr fund to boost pvt investment in research

PRIME Minister Narendra Modi on Monday launched a ₹1 lakh crore Research, Development and Innovation Scheme for high-risk and high-impact projects, marking a significant shift in India's research sector.

time to read

2 mins

November 04, 2025

The New Indian Express Sambalpur

Why is foreign capital flooding banking sector

WHAT'S driving the foreign capital inflows —close to $15 billion so far this year alone— into financial sector of late? Already foreign institutions own 48.4% in HDFC Bank and 46.8% in ICICI Bank. The regulatory cap for foreign ownership in private banks is 74%.

time to read

2 mins

November 04, 2025

The New Indian Express Sambalpur

City Union Bank profit up 15% at ₹329 cr on interest income, better asset quality

KUMBAKONAM.based private lender City Union Bank on Monday reported 15% rise in net profit from ₹285 crore in Q2FY25 to ₹329 crore Q2FY26, driven by an increase in interest income and better asset quality.

time to read

1 min

November 04, 2025

The New Indian Express Sambalpur

The New Indian Express Sambalpur

Industry bodies seek biz-friendly tax regime

AS the finance ministry is gearing up for the next Union Budget, industry chambers like CII, ASSOCHAM, PHDCCI, FICCI called for a more predictable and business-friendly direct tax regime with more focus on faster dispute resolution and employment boost.

time to read

1 mins

November 04, 2025

The New Indian Express Sambalpur

Chief secys say sorry for not filing compliance report in stray dog case

THE chief secretaries of states and Union Territories have tendered an unconditional apology before the Supreme Court for not filing a compliance affidavit on the issue of the menace of stray dog bites.

time to read

1 min

November 04, 2025

The New Indian Express Sambalpur

A LINGUISTIC GAME OF DEFINITIONS

OFTENTIMES definitions can limit you, imposing unnecessary constraints, enclosing things within the four corners of a narrow, arbitrary boundary that you set for yourself. Other times, they provide no real meaning as the thing defined may not mean anything by itself.

time to read

3 mins

November 04, 2025

The New Indian Express Sambalpur

GUJARAT CID BUSTS ₹200 CRORE CYBER RACKET WITH INTERNATIONAL LINKS

GUJARAT CID (Crime) and the Railways' cyber centre have busted a ₹200-crore cybercrime racket with tentacles stretching from Gujarat to Dubai.

time to read

1 min

November 04, 2025

The New Indian Express Sambalpur

The New Indian Express Sambalpur

'Jungle Raj a slur used by those who fear losing power'

We are fighting for dignity, employment and development, confident of winning decisive mandate, says INDIA bloc chief ministerial face Tejashwi Prasad Yadav

time to read

5 mins

November 04, 2025

The New Indian Express Sambalpur

Tejashwi, Tej Pratap fight it out as rift in Lalu family widens

RJD chief Lalu Prasad's estranged son and former minister Tej Pratap Yadav on Monday hit back at his younger brother Tejashwi Prasad Yadav following the latter's remark that \"party is his parent\".

time to read

1 mins

November 04, 2025

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