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ESZ opposed by local leaders We get our Inox Auction time is action time Vedanta now wanted! MCL to set up Rs 9000 crore power plant Tryst with cyclone Phailin! Financial aid by NABARD POSCO still mired in a million problems In Odisha 'All is well', almost! Odisha is the second best investment destination Odisha
 
In Odisha 'All is well', almost!

IF WE GO by the assessment of Prof. Abhijit Sen, Member Planning Commission, then today Odisha is in a better position than it was, eight years back. In February, while on a visit to review the State’s Annual Plan and progress for 2012-13, the professor admitted facts, which are more or less well-known. Courtesy austerity measures and avoidance of further political profligacy, no longer any fiscal crisis is looming large in the corner.  The state is doing reasonably well in implementing most of the Central government funded programmes. 


The latest report of the Comptroller and Auditor General of India (CAG) on PSUs for the year ended 31 March 2012 states that of the 36 working PSUs in the state, 23 have earned profit of Rs 2305.81 crore and the major contributors are Odisha Mining Corporation (OMC), Odisha Power Generation Corporation (OPGC) and Odisha State Beverage Corporation (OSBC).


Hope, the political leadership would be bold and do what is already well-known to cut the heavy losses incurred by Gridco Ltd (Rs 936.81 crore), Odisha Rural Housing & Development Corporation-OHRDC (Rs 31.71 crore), IDCOL Kalinga Iron Works Ltd (Rs 27.03 crore) and Odisha Power Transmission Corporation Ltd-OPTCL (Rs 12.73 crore). 

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