- Business & Finance
Following the U.S. administration’s announcement of higher tariffs on Indian exports, which might reach 50%, Indian stock markets experienced a significant decline. All of the gains from August were undone as the Nifty 50 and BSE Sensex fell by roughly 0.7 to 0.8%. While consumer-driven industries saw moderate increases, export-oriented industries such as textiles, chemicals, and fisheries were severely impacted. Additionally, concerns about government assistance for its debts caused Vodafone Idea’s stock to drop by about 10%.
2. Policy & Economy
India is progressively welcoming international investors into its banking industry. Due to LIC’s reclassification as a public shareholder in IDBI Bank, a prospective strategic sale—possibly to Fairfax Financial or Emirates NBD—is now viable. At the same time, the Reserve Bank of India approved Sumitomo Mitsui Banking Corporation of Japan to purchase up to 24.99% of Yes Bank, which would be the biggest cross-border investment in Indian banking to date. These changes indicate that the RBI is adopting a more accommodating regulatory stance.
3. Politics & Diplomacy
This Friday marks the start of Prime Minister Narendra Modi’s two-day trip to Japan. The trip’s objectives are to strengthen Indo-Pacific stability, increase collaboration, and solidify India and Japan’s strategic partnership. After Japan, PM Modi will travel to Tianjin, China, for the Shanghai Cooperation Organization (SCO) Summit, where he will arrange bilateral meetings with other world leaders.
4. Weather & Climate
Today’s forecast for Delhi calls for heavy humidity, moderate precipitation, and temperatures between 25 and 34 degrees Celsius. Residents are advised by weather alerts to be ready for potential disruptions and rainy conditions.
5. Key Stories from Odisha Today
- The High Court Advocates for SCB Medical College Faculty Appointments
The state government has been ordered by the Orissa High Court to hire doctors more quickly for a number of faculty seats at SCB Medical College & Hospital in Cuttack. 87 positions, including 15 professors and 33 associate professors, are still open despite the Odisha Public Service Commission’s (OPSC) recommendation of 89 assistant professors for various fields. By the following hearing on September 4, the court asked for an update on the status of the recruitment process.
2. Approval of New Industrial Policies
Under the direction of Chief Minister Mohan Charan Majhi, the Odisha Cabinet passed two important policy packages: Policy for the Production of Electronic Components in Odisha (OECM), 2025: provides land, rental, and power duty reduction, as well as additional benefits for megaprojects, and up to a 50% capital subsidy for the first ten large-scale projects (combining state and federal incentives). The 2025 Odisha IT Policy eliminates investment limitations and increases capital subsidies to 30% and 40% for animation projects. In addition, it promotes skill development, patents, infrastructure, and the creation of one million jobs.
3. Major Aviation Push and Infrastructure Plans
The government introduced the B-MAAN (Building and Management of Aviation Assets and Network) program during the Eastern Region Ministers’ Conference. Highlights consist of:
A new strategy on land allocation for aeronautic sports, UAV training, and airports
14 abandoned airstrips will be transformed into operational airports.
15 heliports are planned to be developed in underprivileged areas.
Tribal girls’ cadet pilot training program
Biju Patnaik International Airport has an MRO (Maintenance, Repair, Overhaul) facility in collaboration with Air Works.
4. Northern Districts Are Devastated by Flooding
Flooding in northern Odisha, particularly in Balasore, Bhadrak, and Jajpur, has been caused by heavy rainfall. Roads are blocked, services are overburdened, and many settlements are under water. More than 60 villages spread over 14 blocks in Jajpur were impacted by the Kani River embankment break. Over 5,000 people were evacuated by ODRAF and fire services. Relief and rescue operations continue.
5. YouTuber Swept Away at Duduma Waterfall
At the Duduma Waterfall in Koraput, a fatal catastrophe occurred when 22-year-old YouTuber Sagar Tudu from Berhampur was carried away by unexpected surges caused by a controlled water release from Machakunda Dam. He is shown trapped on a rock in the middle of roaring currents in a widely shared video. Online responses to the occurrence have been divided, with some people expressing sadness and others severely denouncing it. There are rescue efforts underway.
6. Pollution Audit Underway in Sundargarh
In response to a High Court order, the Odisha State Pollution Control Board (OSPCB) has begun a month-long green audit of 46 sponge iron facilities in Sundargarh District. The audit is being carried out by a 13-person inspection team and will run until September 19.
7. Bank Holiday Alert for Ganesh Chaturthi
According to the RBI’s holiday schedule, banks in Odisha will be closed on Wednesday, August 27, 2025, in commemoration of Ganesh Chaturthi.
8. Quick Summary
Summary of the Topic
Staffing in healthcareThe High Court advocates for SCB Medical College Industrial Development faculty recruiting.The goal of new IT and electronics regulations is to increase investment and employment.
Growth of aviationAviation infrastructure is pushed by DOS, and Puri airport plans
Crisis of floodingNorthern areas are severely affected—more than 5,000 YouTubers were evacuated.Concerns about safety and empathy are raised by the fatal incident at Duduma Waterfall.
adherence to environmental regulationsSponge iron factories are undergoing a green audit till the middle of September.
Banking update: August 27 is Ganesh Chaturthi, an Odisha bank holiday.