Over 1.5 lakh employees of shopping malls in Karnataka lost jobs in a year

News Network
June 13, 2021

Bengaluru, June 13: More than 1.5 lakh employees in shopping malls across Karnataka have become jobless due to lockdowns and restrictions over the past year and owners have incurred losses in crores of rupees. Mall owners have urged the government to allow them to reopen by June 21 to help them stem the tide.

Mukesh Kumar, chairman, Shopping Centres Association of India (SCAI) & CEO, Infiniti Malls, said for every person directly employed with malls, on an average, three others are indirectly employed, providing logistics and support.

“In such a scenario, at least 1.5 lakh people have lost their jobs in the state,” Kumar said during a press conference in Bengaluru on Friday. “Though around 50,000 of them were reemployed after malls reopened for a brief time, many were laid off during the second lockdown,” he said. He said over 50% of malls, a majority of them standalone ventures, will close down if no support is provided.

Sunil Munshi, AVP operations, Orion Malls, said almost 80% of employees working in malls, shops, restaurants and service sectors come from economically weaker sections.

Kumar said a moratorium extended by RBI last year ended in March and they now have nothing to fall back on. “There has hardly been any revenue for a retailer or the mall. The past few months have been so stressful that we don’t know how to cope,” he said.

He said on average, revenue from retail in malls in the state is Rs 2,000 crore per month. They pay Rs 350 crore GST. Due to lockdowns, retails have incurred losses of Rs 20,000 to 25,000 crore and governments have suffered GST loss of Rs 3,000 crore. “Malls have lost 15% of the revenue generated by retailers,” Kumar said.

Kumar said pre-Covid estimates show that across India, 1,000 malls generate monthly revenue of Rs 12,000-Rs 15,000 crore. The whole ecosystem has suffered almost Rs 1 lakh crore losses.

Najeeb Kunil, CEO, PPZ Mall Development & Management Services Co said they have urged the state government to provide waivers around rental / lease, electricity charges, upcoming renewals of existing permits / licenses / NOCs among others. They have also sought waiver of property taxes payment till January 2022 and support around minimum wages rates and guard-board payments until FY 2021-22.

He also feared a downstream effect hitting smallscale industries and small businesses which have no income with shopping malls shut. “The sooner they take a call and heed our requests, the better it will be for everyone in the ecosystem, not just the developers,” he said.

SCAI members said that the solution lies in reopening the shopping malls as soon as possible. Kunil said vaccination is a major solution. “We hope to be back to 90% of footfall by October,” he said.

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Ramesh Mishra
 - 
Friday, 25 Jun 2021

THE GLOBAL ECONOMY DURING AND AFTER COVID-19, PANDEMIC
The disciplined, law-abiding and skilled nations would reestablish the economy expediently than undisciplined, lawless and unskilled countries. Covid-19, the pandemic has crumbled the global economy putting India 50 years behind. Indian leaders were irresponsible in handling the Covid-19, pandemic, due to their Godly attitude and for the lack of respect for the Rule of Law causing massive death during the Covid-19, pandemic. India is now doomed.
Ramesh Mishra
Victoria, BC, CANADA

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News Network
January 15,2025

The US consulate in Bengaluru will hold its ‘site-dedication ceremony’ on January 17, with officials confirming that the location of the upcoming consulate will be disclosed during the event. Sources indicate that the site could be in either the Central Business District or Whitefield.

While the consulate building is under development, visa services may temporarily begin at the JW Marriott hotel, which currently houses the United States Commercial Service (USCS) office.

Bengaluru has long advocated for the establishment of a US consulate, and with its opening, residents of the city and Karnataka will no longer need to travel to other states for their US visa applications.

It was in January of the previous year that External Affairs Minister S. Jaishankar, during his visit to Bengaluru, expressed his intention to urge the US Ambassador to India to establish a consulate in the city. This move follows the announcement during Prime Minister Modi’s June 2023 visit to the US, where it was revealed that two new US consulates would open in Bengaluru and Ahmedabad, and India would set up a mission in Seattle.

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News Network
January 27,2025

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Hundreds of thousands of displaced Palestinians have begun returning to the northern part of the war-wracked Gaza Strip after a deal was reached between Hamas and Israel over exchange of Israeli captives and Palestinian prisoners.

It was announced that Hamas has agreed to release female Israeli captive Arbel Yehud and two others by Friday and provided information on the conditions of those set to be freed in the first phase of the ceasefire deal.

Gazans describe the return as historic, saying this is a victorious day.

The displaced Palestinians had been stranded behind Israeli military barriers despite the ceasefire.

The ceasefire between Israel and Hamas was reached after 15 months of the regime's genocidal war on the Gaza Strip.

The implementation of the first phase of the deal began on January 19 and is expected to witness release of more than 1,890 Palestinians for 33 Zionists, who are among the 240 that Gaza’s resistance groups captured in October 2023.

The captives were ensnared during the historical Operation al-Aqsa Flood that served as an instance of retaliation against the regime’s decades-long campaign of Western-backed occupation and aggression against Palestinians.

The subsequent war claimed the lives of at least 47,306 Palestinians, mostly women and children.

The regime approved of the ceasefire after falling short of realizing any of its wartime objectives, including enabling the return of the captives, “eliminating” the Gazan resistance, and causing forced displacement of Gaza’s entire population to neighboring Egypt.

On Sunday, Hamas lambasted the regime for delaying the implementation of the ceasefire deal after Israeli forces killed and injured the Palestinians trying to return to the north.

Earlier, however, the regime said Palestinians could begin returning to the north on Monday after Gaza’s Islamic Jihad resistance movement confirmed that Israeli captive Arbel Yehud would be released before the next scheduled captive/prisoner swap.

Qatar, which had mediated ceasefire talks between Tel Aviv and Hamas alongside Egypt, had also announced that Hamas had agreed to release Yehud and two others by Friday and provided information on the conditions of those set to be freed in the first phase of implementation of the ceasefire deal.

Hamas calls it a victory

The movement, itself, issued a statement, describing the return of the displaced people as “a victory” for Palestinians and a defeat for the Israelis.

It said the scenes of the return of Palestinians to the areas from which they had been displaced, confirmed their connection to their land and once again proved “the failure of the occupation to achieve the aggressive goals of displacing people and breaking their steadfast will.”

The Islamic Jihad also described the return as a response to all those, who used to harbor the dream of enabling forced exodus of Palestinians.

“In an epic scene, hundreds of thousands of our displaced people are returning to northern Gaza, an area, which had been turned into a heap of rubble as a result of Zionists’ atrocities,” the group said.

It also described the Israeli regime’s conditioning the return of the displaced to Yehud’s release as an international move on the part of Tel Aviv to “destroy our people’s happiness in Gaza.”

“On this occasion, the Palestinian Islamic Jihad movement asserts that our people’s steadfastness would destroy whatever Zionist dream there is of stealing happiness from our hearts, and break the chains of the prison guards and occupiers.”

Former Israeli minister furious 

The Israeli regime’s former minister of so-called “national security,” Itamar Ben-Gvir, however, decried the return as a victory for Hamas.

“The opening of the Netzarim highway this morning and the entry of tens of thousands of Gazans into the northern Gaza Strip are images of Hamas’ victory and another humiliating part of the reckless deal. This is not what ‘complete victory’ looks like – this is what complete surrender looks like,” he wrote on X, former Twitter.

The Israeli soldiers did not fight and give their lives in the Gaza Strip to make these photos possible, he said, adding, “We must return to war – and destroy!”

Ben-Gvir resigned from his post earlier this month in protest at the ceasefire deal.

He has long been opposed to cessation of the brutal Israeli military onslaught and called for the regime to “occupy” Gaza.

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News Network
January 14,2025

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Incoming American President-elect Donald Trump says the raging wildfires in Los Angeles have caused more destruction than a nuclear impact, warning that the real number of fatalities in the affected areas is likely to far surpass the current death toll.

In an interview with American cable news Newsmax on Monday, he solemnly forecast a sharp rise in the death toll from the devastating Los Angeles wildfires as local authorities deploy cadaver-sniffing dogs to comb through the rubble.

“I believe it’s greater damage than if they got hit by a nuclear weapon. I’ve never seen anything like it. Vast miles and miles of houses just burned to a crisp. There’s nothing standing,” Trump told the outlet.

The colossal wildfires, which started last week, were fueled by hurricane-force winds carrying dry desert air. Since then, at least 24 people have lost their lives, according to the Los Angeles County Medical Examiner.

However, Trump emphasized that the two dozen confirmed deaths are likely to be overshadowed by the actual toll.

“They’re going to find many bodies, you know. Only the dogs will find them, right? You know, German Shepherds will. They can pick out the ashes immediately. It’s amazing. But we’re gonna find many bodies and many more, many more dead,” the incoming president added, as he was blown away by images of the sheer level of destruction caused by the devouring fires.

The wildfires have already burned over 40,000 acres and obliterated more than 12,000 structures, wiping out entire neighborhoods.

“We’re gonna do things with Los Angeles. You know, I’m already putting my developer cap on because it looks literally– I just saw some very guarded pictures of it. And it’s far worse than you even see on television, if that’s believable,” Trump further said.

As expected, the incoming president already blamed the Democrat leadership for the wildfires, particularly slamming California Governor Gavin Newsom for mismanagement of the “apocalyptic” wildfires.

“Governor Gavin Newscum refused to sign the water restoration declaration put before him that would have allowed millions of gallons of water, from excess rain and snow melt from the North, to flow daily into many parts of California, including the areas that are currently burning in a virtually apocalyptic way,” Trump said on January 8.

As of Monday, over 92,000 people in Los Angeles County were under evacuation orders, a decrease from the previous peak of more than 150,000, while an additional 89,000 were facing evacuation warnings.

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