Nasscom voices concern over Karnataka's quota-for-locals bill; urges govt to withdraw it

News Network
July 17, 2024

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Bengaluru: Apex IT industry body Nasscom has expressed deep disappointment and concern over Karnataka's quota-for-locals bill mandating reservation for locals in private sector, and has exhorted the state government to withdraw the bill.

Nasscom's strong note of dissent assumes significance as it adds to the growing chorus of top industry voices, which have warned that the legislation would erode the state's edge in technology, and reverse the progress made so far.

The IT industry body has sought an urgent meeting with state authorities to discuss the concerns and "prevent the state's progress from being derailed", the association said.

"Nasscom members are seriously concerned about the provisions of this bill and urge the state government to withdraw the bill. The bill's provisions threaten to reverse this progress, drive away companies, and stifle startups, especially when more global firms (GCCs) are looking to invest in the state," a Nasscom release said.

Stating that the tech sector contributes to 25 per cent of the state GDP, houses a quarter of the country's digital talent, has over 11,000 startups and 30 per cent of the total GCCs, Nasscom contended that the restrictions could force companies to relocate as local skilled talent becomes scarce.

"In today's highly competitive landscape, knowledge-led businesses will locate where talent is as attracting skilled workers is crucial for success... For states to become a key technology hub a dual strategy is key - magnet for best talent worldwide and focussed investment in building a strong talent pool within the state through formal and vocational channels," it said.

The technology sector has been crucial to Karnataka’s economic and social development, with Bengaluru known globally as India's Silicon Valley.

"The technology sector contributes almost 25 per cent of the state GDP and has played a key role in enabling higher growth for the state, higher per capita income than the national average. With over a quarter of India’s digital talent, the state houses over 30 per cent of the total GCCs and around 11,000 start-ups," it said.

Nasscom rued that it is "deeply disturbing" to see this kind of bill which will not only hamper the growth of the industry, but impact jobs and the global brand for the state.

The Karnataka State Employment of Local Candidates in the Industries, Factories and Other Establishments Bill, 2024 was approved by the state cabinet on Monday, and it seeks to reserve 50 per cent of management positions and 75 per cent of non-management positions in the private sector for locals.

The Bill has triggered controversy and criticism from across industry. Industry veteran Mohandas Pai termed the Bill "very regressive", and "draconian".

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News Network
March 1,2025

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After a dramatic confrontation between former US President Donald Trump and Ukrainian President Volodymyr Zelensky at the White House, Russian officials and state media expressed satisfaction, viewing the exchange as a major political shift.

Following the heated meeting, which ended with Zelensky abruptly leaving, Russian Foreign Ministry spokeswoman Maria Zakharova praised Trump's "restraint" for not physically assaulting the Ukrainian leader. "I think Zelensky's biggest lie was his claim that Kyiv was alone in 2022 without support," Zakharova wrote on Telegram. She further added, "How Trump and Vance held back from hitting that scumbag is a miracle of restraint," criticizing Zelensky for "biting the hand that feeds him."

Dmitry Medvedev, Russia's Security Council deputy head and former president, issued the most scathing remarks, calling Zelensky an "insolent pig" who had received "a proper slap down in the Oval Office." Medvedev declared, "For the first time, Trump told the cocaine clown the truth: the Kyiv regime is playing with World War III. And the ungrateful pig got a strong slap on the wrist from his masters. This is useful but not enough—we must stop military aid to the Nazi machine."

Kirill Dmitriev, head of the Russian Direct Investment Fund and a key Russian-American negotiator, described the exchange as "historic" and suggested it reflected a shift in US foreign policy. Meanwhile, Yevgeny Primakov, head of Russia's Agency for International Humanitarian Cooperation, accused Zelensky of attempting to provoke violence in response to the confrontation. "The Kyiv regime thrives on bloody provocations," Primakov wrote on Telegram, speculating that Ukraine might stage an attack to blame Russia and regain Western sympathy.

Russian state media amplified these sentiments, with RT posting on X (formerly Twitter): "Zelensky sits with hands between legs as US President and VP hammer him."

While European leaders expressed support for Zelensky, Hungarian Prime Minister Viktor Orban, a long-time Putin ally, sided with Trump. Orban praised the former US president’s stance, writing on X: "Strong men make peace, weak men make war." He commended Trump for "bravely standing for peace, even if it was difficult for many to digest."

The Oval Office clash highlighted growing tensions between Washington and Kyiv over Trump’s push for a ceasefire in the ongoing Russia-Ukraine war. During the meeting, Trump accused Zelensky of being "disrespectful" and warned, "You have no right to dictate how we should feel. You are gambling with World War III."

Trump further cautioned, "I have empowered you to be a tough guy. You either make a deal, or we're out. You don't have the cards." Vice President J.D. Vance also rebuked Zelensky, saying he had never acknowledged the extensive US aid provided to Kyiv.

The confrontation, witnessed by reporters, resulted in the abrupt cancellation of a scheduled press conference. Trump later criticized Zelensky on Truth Social, calling him "disrespectful" and unwilling to negotiate peace.

Before the meeting, Kremlin spokesman Dmitry Peskov reiterated Russia’s willingness to engage in diplomatic talks with the US, emphasizing the importance of mutual respect. "We seek dialogue not only with the US but with all nations, based on mutual respect and benefit," Peskov stated, dismissing the notion that diplomacy should be dictated solely by strength, a criticism often directed at Trump’s foreign policy approach.

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Agencies
March 10,2025

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Kannada actor Harshavardhini Ranya – also known as Ranya Rao, arrested for smuggling gold from Dubai – was allotted land to set up a steel plant by the previous Karnataka government in February 2023, said the Karnataka Industrial Area Development Board (KIADB) said on Sunday.

Ranya Rao was found to be in possession of gold bars worth ₹12.56 crore at the Kempegowda International Airport in Bengaluru. Searches were also conducted at her residence, and gold jewellery worth ₹2.06 crore and Indian currency amounting to ₹2.67 crore were seized, the Directorate of Revenue Intelligence had said on Wednesday.

Ranya is the stepdaughter of DGP-rank senior IPS officer Ramachandra Rao.

The KIADB's statement comes after reports claimed that a company linked to Ranya Rao was allotted 12 acres of industrial land by the board in 2023.

The office of the minister for medium and large industries MB Patil shared the government's final notification issued on February 22, 2023, regarding the allocation of land to Ranya Rao's firm Ksiroda India at the Sira Industrial Area in the Tumakuru district, news agency PTI reported.

The Congress came to power after defeating the Basavaraj Bommai-led Bharatiya Janata Party in the Karnataka assembly election in May 2023.

The proceedings of the Karnataka government, shared by the minister's office, said, "Approval to the proposal of M/s Ksiroda India Private Limited to establish a unit for manufacture of 'steel products - TMT bars, rods and allied products' at Sira Industrial Area, Tumakuru district.

"The government is pleased to accord in-principle approval to the investment proposal of ₹138 crore, generating employment to about 160 persons with the following infrastructure assistances, incentives and concessions," it said.

In a press release issued by MB Patil's office, the KIADB said the allotment to the company linked to Ranjya Rao was done in January 2023.

KIADB CEO Mahesh said on Sunday Ksiroda India was allotted 12 acres of land on January 2, 2023, by the previous government, referring to the BJP, the PTI report added.

"The land, located in Sira Industrial Area, Tumakuru district, was approved for allotment during the 137th State Level Single Window Clearance Committee (SLSWCC) meeting held on the same day, when the last govt was in power," PTI quoted Mahesh as saying.

According to the KIADB press release, the company had submitted a proposal to set up a manufacturing unit for steel TMT bars, rods, and allied products, with an investment of ₹138 crore. The project was expected to generate approximately 160 jobs.

Ramachandra Rao is currently serving as the chairman and managing director of the Karnataka State Police Housing and Infrastructure Development Corporation Ltd.

The total seizure in the case stood at ₹17.29 crore, including assets worth ₹4.73 crore, marking a significant blow to organised gold smuggling networks.

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Media Release
March 5,2025

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New Delhi: Former U.S. President Donald Trump has announced plans to develop a state-of-the-art missile defense system called the ‘Golden Dome’, inspired by Israel’s ‘Iron Dome.’ Addressing a joint session of Congress, Trump declared his intention to build “the most powerful military of the future” and pledged funding for a comprehensive missile shield to protect the U.S. homeland.

A Modern Take on Reagan’s Vision

Trump claimed that former President Ronald Reagan had envisioned a similar system decades ago but lacked the technology to bring it to life. The initiative he referred to was the Strategic Defense Initiative (SDI) of the 1980s, which aimed to intercept intercontinental ballistic missiles (ICBMs) but was eventually abandoned following the collapse of the Soviet Union.

How Will the ‘Golden Dome’ Work?

The U.S. already has several missile defense systems in place. Trump’s ‘Golden Dome’ would likely integrate existing technologies, including:

🔹 Space-Based Infrared System (SBIRS) – Satellites that provide early missile launch warnings.

🔹 Ground-Based Midcourse Defense (GMD) – Interceptors in Alaska and California designed to shoot down ICBMs.

🔹 Aegis Ballistic Missile Defense (BMD) – A naval-based system for intercepting short- to intermediate-range missiles.

🔹 Terminal High Altitude Area Defense (THAAD) – A mobile system to destroy medium- and intermediate-range missiles.

🔹 Patriot Advanced Capability-3 (PAC-3) – Interceptor missiles designed to counter Chinese hypersonic threats.

Comparing with Israel’s ‘Iron Dome’

Israel’s multi-layered missile defense includes:

✅ Iron Dome – Protects against short-range rockets.
✅ David’s Sling – Targets mid- to long-range missiles.
✅ Arrow-2 and Arrow-3 – Designed to intercept long-range ballistic missiles.

With the U.S. contributing over $3.7 billion toward Israel’s Arrow defense system, Trump’s ‘Golden Dome’ could follow a similar model but on a much larger scale.

While the feasibility and timeline of this ambitious project remain unclear, Trump's announcement signals a renewed push for advanced missile defense in an increasingly volatile world.

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