🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Jobs for locals: BJP Karnataka chief asks Siddaramaiah to present bill in ongoing legislature session
Economic Times
·
1y ago
Medial
Karnataka BJP president BY Vijayendra criticized Chief Minister Siddaramaiah for putting the bill mandating job reservations for local Kannadigas on hold. Vijayendra accused the CM of bowing down to pressure from anti-Karnataka forces and suggested that there were political motivations behind the decision. While the government faced backlash from the tech industry, industry minister MB Patil reassured that the government is committed to creating jobs for Kannadigas but will approach it in a more amicable manner. The bill had initially received mixed reviews, with concerns about its impact on investment and employment.
View Source
Related News
Karnataka: Cabinet committee clears sops for three semiconductor projects
Economic Times
·
2m ago
Medial
The Karnataka cabinet subcommittee, led by Chief Minister Siddaramaiah, approved incentives for investments by Applied Materials, Lam Research, and Bharat Semi Systems to bolster the state's semiconductor industry. The projects include an R&D Fab by Applied Materials in Bengaluru, two units by Lam Research for advanced semiconductor technologies, and a design manufacturing facility by Bharat Semi Systems in Mysuru. These initiatives aim to make Karnataka a global semiconductor hub, creating over 3,500 jobs.
View Source
GST demand over UPI credits: CM Siddaramaiah to meet stakeholders on Wednesday - The Economic Times
Economic Times
·
16d ago
Medial
Karnataka CM Siddaramaiah plans to meet stakeholders over GST notices issued to small traders based on UPI data, demanding tax arrears. The notices have sparked protests and rejection of digital payments. Siddaramaiah blames the Centre for the crisis, while BJP offers legal aid. The GST data, covering 2021-2025, has led to many rejecting QR codes. A three-day state-wide protest is planned, highlighting the impact on small businesses and vendors.
View Source
Karnataka govt clears Wistron smartphone project, 13 other investments
Economic Times
·
1y ago
Medial
The Karnataka High-Level Clearance Committee, chaired by Chief Minister Siddaramaiah, has approved an investment of Rs 2,095 crore from Wistron Infocomm for the assembly of smartphones, IoT products, and biotech devices. Additionally, the committee has cleared several other investment proposals, including STT Global Data Centers, Air India, ICT Service Management Solution, Ultratech Cement, and RBSSN Ferrous. In total, the projects are expected to bring in a combined investment of Rs 17,835 crore and create around 27,067 jobs. The investments will primarily benefit districts in North Karnataka, such as Vijayapura, Kalaburagi, Ballary, and Belgaum.
View Source
Karnataka plans to levy cess on online transactions to fund welfare of gig workers
Economic Times
·
1y ago
Medial
The Karnataka government is planning to introduce a cess on online transactions to support the welfare of gig workers employed by technology platforms. The proposed legislation, called the Platform-Based Gig Workers Fund and Welfare Fee Bill, aims to provide livelihood security to platform-based gig workers. The state's Chief Minister, Siddaramaiah, has already discussed the idea with major platform companies like Flipkart and Swiggy, who have responded positively. Last year, the government introduced an insurance facility for gig workers engaged by e-commerce companies.
View Source
Gig workers to get ₹4 lakh insurance cover in Karnataka: CM
Inshorts
·
2y ago
Medial
On Friday, Karnataka Chief Minister Siddaramaiah revealed that gig workers employed as delivery personnel in e-commerce platforms such as Amazon, Zomato, and Swiggy would receive an insurance coverage of ₹4 lakh. This coverage includes ₹2 lakh for life insurance and ₹2 lakh for accident insurance. The Chief Minister confirmed that the government would bear the entire insurance premium.
View Source
Siddaramaiah seeks increase in Karnataka’s share of taxes to 50%, Rs 1.15 lakh cr for Bengaluru infrastructure
Economic Times
·
1m ago
Medial
Karnataka Chief Minister Siddaramaiah met with the 16th Finance Commission in Delhi, urging for an increase in the state's share of central taxes to 50% and proposing the inclusion of non-tax revenues in the divisible pool. Highlighting Karnataka's significant GDP contribution, he emphasized the disparity in fiscal returns and sought a ₹1.15 lakh crore investment for Bengaluru's infrastructure. Siddaramaiah also advocated for a formula-based allocation of special grants to address regional disparities.
View Source
Foxconn chief to meet Karnataka CM Siddaramaiah on August 16, India manufacturing unit in focus: Report | Mint
Livemint
·
11m ago
Medial
Chairman and CEO of Hon Hai Technology Group (Foxconn), Young Liu, is scheduled to visit Karnataka in India. During his visit, Liu will meet Chief Minister Siddaramaiah and Minister for Large and Medium Industries, MB Patil. He will also visit Foxconn's under-construction manufacturing plant in Bengaluru. Although it is unclear if new investments will be announced, the visit is seen as an opportunity for further economic growth and job creation in the region. Foxconn is investing ₹8,500 crore in the plant, which is expected to generate 100,000 jobs in the coming years.
View Source
Karnataka aims to ensure proposed gig workers bill is ‘win-win for all’
Economic Times
·
1y ago
Medial
The Karnataka state government is seeking wider consultation on a bill to extend social security benefits to gig workers. The proposed law would require platform-based aggregators to pay a fee on each online transaction to fund social security and welfare expenses for gig workers. The government plans to open a 10-day window for companies to offer their comments before placing the bill before the legislature. Bengaluru, which has the largest number of gig workers in India, would be significantly impacted by the legislation.
View Source
Karnataka CM to engage commercial taxes dept as GST notices scare small biz away from UPI - The Economic Times
Economic Times
·
19d ago
Medial
Small businesses in Bengaluru are reverting to cash transactions due to GST notices based on UPI transaction data. Karnataka CM Siddaramaiah plans to discuss this issue with the central government and state departments. BJP has announced a helpline to support small traders, criticizing the GST notices as an attempt to undermine the digital economy. The commercial taxes department claims notices were issued only for turnover requiring GST registration, amidst allegations of bribe offers to settle notices.
View Source
Bengaluru leading in deeptech that will define 21st century, says Siddaramaiah - The Economic Times
Economic Times
·
3d ago
Medial
Karnataka Chief Minister Siddaramaiah emphasized Bengaluru's leadership in deep technologies like AI, quantum computing, and Industry 4.0 during the inauguration of SAP Labs India's 41-acre Innovation Park in Devanahalli. The park, positioned near Kempegowda International Airport, underscores Bengaluru's role as India's 'Knowledge Capital'. He highlighted SAP's investment in Karnataka as a symbol of global trust, enhancing the state's technology workforce, MSME empowerment, and innovation leadership while promoting decentralized development beyond Bengaluru.
View Source
Applied Jobs
Saved Jobs
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
