Karnataka Chief Minister Siddaramaiah assessed the situation in Shirur village, Uttara Kannada district, where a landslide killed 10 people and three are still missing. The search and rescue operations in the village’s Ankola district continue. The Chief Minister met with the SDRF and NDRF teams that are conducting the operations. The Chief Minister praised the … Read more
More discussion will take place over allowing 14 hour work days in IT firms – Karnataka’s IT-BT Minister, Priyanka Kharge, stated on Monday that he is unaware of what IT firms have recommended in terms of expanding employee working hours from 12 to 14 hours. The minister stated that the Labour department has submitted a … Read more
Air India said on Monday that its flagship Airbus A350-900 aircraft will operate on the Delhi-New York and Delhi-Newark routes beginning November 1, 2024 and January 2, 2025, respectively, revolutionizing the customer experience on these strategically vital routes. According to an airline release, the A350 deployment would provide Air India’s Premium Economy class experience on … Read more
India’s service sector continues to contribute to GDP, accounting for 55% in FY24: The fiscal year (FY) 2024 finished with an outstanding services sector credit of Rs 45.9 lakh crore in March 2024, representing a 22.9 percent year-on-year (YoY) growth, according to the Economic Survey released on Monday. The post-pandemic services exports have maintained a … Read more
The government’s fiscal deficit is forecast to fall to 4.5 percent of GDP or less by the fiscal year 2026, according to an economic survey introduced in Parliament on Monday. “In pursuit of fiscal consolidation through efficient and careful fiscal management, the government remains on the fiscal glide path. The government’s fiscal deficit is predicted … Read more
The Economic Survey given in Parliament cautiously projects India’s real GDP growth of 6.5-7%, recognizing that market expectations are on the high side. Real GDP growth equals reported economic growth minus inflation. Despite a variety of external problems, India’s economy maintained its momentum from 2022-23 to 2023-24. “The focus on maintaining macroeconomic stability ensured that … Read more
The Karnataka state government has suggested a new one to two percent tax on cinema tickets and Over-the-Top (OTT) subscription fees to help film and cultural workers. This charge will be used to support social security benefits such as ESI and PF for cine artists and cultural performers under the Labour Ministry’s Karnataka Cine and … Read more
The Azim Premji Foundation has inked a Memorandum of Understanding (MoU) with the Karnataka government to improve the nutritional value of mid-day meals given in government and government-aided schools throughout the state over the next three years. “Azim Premji Foundation today entered a Memorandum of Understanding (MoU) with the Government of Karnataka to support the … Read more
Karnataka Deputy Chief Minister DK Shivakumar stated on Saturday that the state administration was able to preserve farmers’ interests while following to court rulings on the release of Cauvery water to Tamil Nadu due to recent significant rains in the region. He predicted that the Krishnaraja Sagar (KRS) near Mysuru would be full in a … Read more
As the highly anticipated Union Budget week begins on Monday, investor sentiment in the equity market will be influenced by Finance Minister Nirmala Sitharaman’s comments. Finance Minister Sitharaman will give her seventh consecutive Union Budget on July 23rd. Last week, the Indian stock market closed practically flat after a period of robust gains, boosted by … Read more