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 8,2025

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Mangaluru: The Tannirbhavi beach stretch up to the forest department's Tree Park is on the brink of a remarkable transformation under the ‘One Beach, One Destination’ initiative. This ambitious project aims to elevate the beach into a top-tier tourist hotspot through comprehensive upgrades and strategic developments.

Deputy Commissioner Mullai Muhilan MP shared updates during a press briefing on Tuesday, revealing that fresh tenders have been floated for maintaining the main beach. The technical evaluation of tenders for the Tannir Bhavi Blue Flag Beach is nearing completion, with the financial bids set to open shortly. “We are pleased to see major players participating in the tender process,” the DC remarked.

For the main beach, the maintenance contract will span 10 years. Meanwhile, the Blue Flag Beach’s successful bidder will face a progressive financial model—starting with a Rs 50 lakh payment in the first year, escalating to Rs 2 crore by the 10th year, alongside a minimum 5% revenue share for the administration. “Upon completion of the development, the beach will feature continuous activities to enhance its appeal,” he added.

Approximately 90% of the beach’s development work is already complete. Eco-friendly initiatives such as waste management systems and solar installations are operational at the Blue Flag Beach. While entrance work by Mangaluru Smart City Limited is ongoing, the beach remains accessible to the public. Entry fees, set in accordance with Blue Flag guidelines, aim to support sustainable maintenance efforts.

The ‘Blue Flag’ certification represents a global standard in eco-tourism, ensuring clean bathing water, state-of-the-art amenities, safety measures, and sustainable development. Karnataka’s Padubidri and Kasarkod beaches are among the few in India to hold this prestigious certification.

Mangaluru Smart City Limited is spearheading the development of the 1.8-acre area, with an investment of approximately Rs 16 crore. Once completed, the Tannirbhavi Beach is expected to stand out as a vibrant and eco-friendly destination, drawing tourists and locals alike.

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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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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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