Karnataka govt to focus on 5 key sectors for job creation

News Network
October 23, 2020

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Bengaluru, Oct 23: With a view to increasing its share in the country’s digital economy, Karnataka would focus on 5 key sectors for job creation and ease of doing business,” state Industries Minister Jagadish Shettar said on Thursday.

“We are focusing on 5 key sectors — artificial intelligence (AI), aerospace, automobiles, biotechnology and Internet of Things (IoT) to attract investments from the world over and generate about 70,000 jobs across the state,” said Shettar at the 7th national forum of the Public Affairs Forum of India (PAFI) in the virtual meet.

The New Delhi-based forum is a platform for corporate and public affairs practitioners and has members from large and medium firms from across the country, including Indian and overseas firms.

“The state government is skilling its workforce so that the industry can hire them for commencing operations at the earliest,” said Karnataka Chief Minister B.S. Yedyiurappa on the occasion.

Asserting that the state government was taking measures to sustain the economic growth amid the Covid pandemic, Shettar said Karnataka was the hub of IT services in line with its newly introduced IT policy for 2020-25.

“We are focussing on the new Industrial policy and the Industrial Facilitation Act to ensure investors implement their projects at the earliest,” said Shettar on the occasion.

The southern state has attracted investment proposals valued at Rs 1.38 lakh crore in 2020, the minister claimed.

“Our new industrial policy aims to create about 20 lakh jobs in diverse sectors spanning manufacturing and services over the next 5 years,” said Shettar.

State industry secretary Gaurav Gupta said the state government helped the industry to revive growth after the Covid-induced lockdown was lifted gradually since May.

“The pandemic has taught us the importance of building a strong value chain. We offer supply chains to industries, de-risk their operations and strengthen the local ecosystem for sustainable solutions,” said Gupta.

US-India Chamber of Commerce president Nisha Biswal said Karnataka was a harbinger of opportunity India seeks to capitalise on, post-pandemic, in the knowledge economy or the service sector.

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News Network
January 14,2025

Udupi: Karnataka Kreedakoota-2025, a sports event organised by the Youth Empowerment and Sports Department, Karnataka Olympic Association, and the District Administration, will be held in Udupi and Dakshina Kannada districts from January 17 to January 23.

The event will feature 1,373 athletes participating in a variety of sports, including kayaking, canoeing, archery, cycling, wrestling, boxing, hockey, lawn tennis, table tennis, Kabaddi, Judo, and athletics.

Deputy Commissioner Vidya Kumari K addressed a press conference on Monday, providing details about the events in Udupi and Dakshina Kannada.

According to her, while volleyball, basketball, and swimming competitions will take place in Dakshina Kannada, events like kayaking and canoeing will be held in Brahmavara’s Swarna River, and archery will take place at the MJC Ground in Manipal.

Marena Sports Complex in Manipal will host lawn tennis and table tennis matches, she added.

The opening ceremony will take place on January 17 in Mangaluru and Chief Minister Siddaramaiah will be inaugurating the event.

The closing ceremony will be held in Udupi on January 23, with Governor Thaawarchand Gehlot and Home Minister G Parameshwar attending.

The district administration, in collaboration with Manipal Academy of Higher Education (MAHE), Manipal, has made provisions for accommodation and food for the participants, said the DC.

She also said the synthetic track at the Mahatma Gandhi District Stadium in Ajjarakad is undergoing repair work after its 10-year durability period ended in 2023, to provide athletes better infrastructure.

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News Network
January 17,2025

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Mangaluru: In a brazen daylight robbery, a group of five to six armed individuals stormed into the Kotekar Vyavasaya Sahakara Seva Sangha branch at KC Road, Ullal taluk, and escaped with valuables estimated at ₹10-12 crore.

The incident occurred between 11:30 am and 12:30 pm, according to Police Commissioner Anupam Agrawal. The masked robbers, aged between 25-35, were armed with a pistol, talwar, and knife. They threatened the four to five employees present, forcing them to open the vault containing jewellery and other valuables.

The suspects spoke in Hindi and Kannada and fled the scene in a black Fiat car. Commissioner Agrawal confirmed that multiple police teams have been formed, and efforts are underway to track the culprits using technical surveillance and other leads.

CM Siddaramaiah Holds Emergency Meeting

Chief Minister Siddaramaiah convened a high-level meeting with senior police officials, including IGP Amit Singh, Commissioner Anupam Agrawal, SP Yathish N, and DySP, following the robbery.

Expressing dissatisfaction over security lapses, Siddaramaiah questioned, "How did this happen despite officials being present? Why were toll gates not secured?"

Officials reported that the bank had no security personnel and only five to six staff members on duty during the heist. The Chief Minister has directed authorities to enhance security across four districts, intensify checks at toll gates, and arrest the accused swiftly to ensure stringent legal action.

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News Network
January 9,2025

Mangaluru: In a significant development, Mescom has proposed a phased electricity tariff hike starting with Rs 0.70 per unit for the fiscal year 2025-26. The proposal has been submitted to the Karnataka Electricity Regulatory Commission (KERC) for approval, signaling a potential increase in electricity costs for consumers.

Mescom emphasized that the current tariff structure is insufficient to meet operational expenses and manage revenue effectively. To address this, the company has invited public objections to the proposed hike.

Currently, the electricity supply cost is Rs 9.23 per unit, while the consumer tariff stands at Rs 8.53 per unit, leading to a shortfall of Rs 0.70 per unit. For the financial year 2023-24, Mescom reported revenue of Rs 5,924.73 crore against an expenditure of Rs 6,310.39 crore, resulting in a deficit of Rs 367.66 crore. For the 2025-26 fiscal year, projected revenue is Rs 5,850.81 crore, with an actual requirement of Rs 5,961.63 crore, creating a deficit of Rs 110.82 crore.

In a first, Mescom has submitted a multi-year tariff revision proposal to KERC. The plan outlines a hike of Rs 0.70 per unit for 2025-26, followed by Rs 0.37 per unit for 2026-27 and Rs 0.54 per unit for 2027-28.

"An increase in electricity tariff is inevitable," stated Jayakumar R, Managing Director of Mescom. "Mescom has submitted a proposal in this regard to KERC."

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