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Odisha Government has received dividends from various corporations

Bhubaneswar13/7/22:: The Odisha Government on Wednesday received dividends from various corporations under the Department of Agriculture and Farmers’ Empowerment, including Odisha Agro Industries Corporation Limited, Odisha Cashew Development Corporation Ltd & Odisha State Seeds Corporation Ltd and the State Cooperative Bank.

Chief Minister Naveen Patnaik attended the event from his residence Naveen Niwas while Chief Secretary Suresh Chandra Mohapatra received the dividend checks. Minister for Agriculture and Farmers’ Empowerment Ranendra Pratap Swain and Cooperative Minister Atanu Sabyasachi Nayak were present at the function held at State Secretariat.

May be an image of 12 people, people standing and text that says 'PAYA DEVIDEND'

The Odisha Agro Industries Corporation Limited provided dividends of around Rs 2.52 crore (Rs 2,52,17,218) for the financial year 2018-19 and around Rs 3.10 crore (Rs 3,10,37,576) for the financial year 2019-20. The OAIC, which has been established since 1962, has a net profit of Rs 94.33 crore by 2020-21.

Similarly, the Odisha Cashew Development Corporation Ltd has provided Rs 4,51,200 as dividend to the state government for the financial year 2019-20.

Also, the Odisha State Seeds Corporation Ltd has provided Rs 23,20,567 200 as dividend to the state government for the financial year 2019-20.

This apart, the Odisha State Cooperative Bank has announced a 2.16 per cent dividend on the share for the financial year 2020-21. The state government has a 22.5 per cent stake in the bank. Today, the state government has been provided around 2.68 crore (Rs 2,78,49,425) as dividend for the year 2020-21.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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