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Stay informed with the latest developments from Odisha, India, and around the world as of April 9, 2025. This comprehensive digest covers significant topics across various sectors, providing valuable insights for readers.
Odisha News:
Formation of New RTI Commission: A new Right to Information (RTI) Commission has been formed in Odisha, with Manoj Parida appointed as the Chief Information Commissioner (CIC).
Odisha and UNICEF Collaborate on Social Policy Action Plan: The Odisha government, in partnership with UNICEF, has formulated a Social Policy and Social Security Action Plan for 2025-2027.
Approval of 247 New Forensic Posts and 36 Mobile Forensic Vans: In a move to strengthen forensic capabilities, the Odisha government has approved the creation of 247 new positions within the State Forensic Science Services Organisation and sanctioned 36 mobile forensic vans.
National News:
RBI Cuts Interest Rates Amid Growth Concerns: The Reserve Bank of India (RBI) has reduced the key repo rate by 25 basis points to 6.00%, marking the second consecutive cut in response to growth risks exacerbated by recent US tariffs.
Robust Start to India's Wheat Procurement Season: India has procured 2.08 million metric tons of new-season wheat from domestic farmers since March 15, a 44.4% increase from the previous year. This strong start indicates a robust harvest, aiding in replenishing depleted reserves and reducing the need for imports.
International News:
US President Announces 90-Day Pause on New Tariffs: President Donald Trump has authorized a 90-day pause on many of his new tariffs, effective immediately, to allow room for negotiations aimed at lowering trade barriers. However, tariffs on Chinese goods have been increased to 125%, escalating trade tensions between the two nations.
Global Pharma Shares Decline Amid Tariff Threats: Shares of pharmaceutical companies worldwide have plunged as President Trump doubled down on tariff threats, aiming to shift pharma manufacturing to the U.S. This move has raised concerns about global supply chains and the potential for increased drug prices.
Economics:
Surge in US Stocks Following Tariff Pause: US stocks experienced a dramatic relief rally after President Trump announced a pause on new tariffs. Major stock indexes surged, with significant gains observed in technology sectors.
