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Jobs for locals: BJP Karnataka chief asks Siddaramaiah to present bill in ongoing legislature session

Economic Times

Economic Times · 12m ago

Jobs for locals: BJP Karnataka chief asks Siddaramaiah to present bill in ongoing legislature session

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.

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Karnataka: Cabinet committee clears sops for three semiconductor projects

Economic Times

Economic Times · 1m ago

Karnataka: Cabinet committee clears sops for three semiconductor projects

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.

Karnataka govt clears Wistron smartphone project, 13 other investments

Economic Times

Economic Times · 1y ago

Karnataka govt clears Wistron smartphone project, 13 other investments

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.

Karnataka plans to levy cess on online transactions to fund welfare of gig workers

Economic Times

Economic Times · 1y ago

Karnataka plans to levy cess on online transactions to fund welfare of gig workers

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.

Gig workers to get ₹4 lakh insurance cover in Karnataka: CM

Inshorts · 2y ago

Gig workers to get ₹4 lakh insurance cover in Karnataka: CM

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.

Siddaramaiah seeks increase in Karnataka’s share of taxes to 50%, Rs 1.15 lakh cr for Bengaluru infrastructure

Economic Times

Economic Times · 1m ago

Siddaramaiah seeks increase in Karnataka’s share of taxes to 50%, Rs 1.15 lakh cr for Bengaluru infrastructure

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.

Foxconn chief to meet Karnataka CM Siddaramaiah on August 16, India manufacturing unit in focus: Report | Mint

Livemint

Livemint · 11m ago

Foxconn chief to meet Karnataka CM Siddaramaiah on August 16, India manufacturing unit in focus: Report | Mint

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.

Karnataka aims to ensure proposed gig workers bill is ‘win-win for all’

Economic Times

Economic Times · 1y ago

Karnataka aims to ensure proposed gig workers bill is ‘win-win for all’

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.

Will support whatever regulations, guidelines come: Infosys CEO Parekh on draft K'taka reservation bill

YourStory

YourStory · 12m ago

Will support whatever regulations, guidelines come: Infosys CEO Parekh on draft K'taka reservation bill

Infosys CEO, Salil Parekh, has stated that the company will comply with any regulations and guidelines issued by the Karnataka state government regarding proposed reservations for locals in private firms. The Karnataka State Employment of Local Candidates in the Industries, Factories, and Other Establishments Bill, 2024, has received criticism from business leaders and tech tycoons who argue that it could force companies to relocate. Similarly, a similar bill introduced by the Haryana government was struck down by the Punjab and Haryana High Court in 2023. Industry veterans have called the proposed quota 'fascist' and 'short-sighted', while others have emphasized the need to balance local employment with attracting skilled talent in the tech industry.

BJP Asks ECI To Take Steps To Address The Rising Use Of Deepfakes In Poll Campaign

Inc42 · 1y ago

BJP Asks ECI To Take Steps To Address The Rising Use Of Deepfakes In Poll Campaign

The ruling Bharatiya Janata Party (BJP) has urged the Election Commission of India (ECI) to address the increasing problem of deepfake videos during the ongoing Lok Sabha elections. The party submitted a complaint highlighting the adverse impact of deepfakes on the electoral process. Instances mentioned include a deepfake video featuring actor Ranveer Singh voicing political views against the BJP, as well as one of actor Aamir Khan endorsing the opposition Congress party. The BJP called for stricter guidelines and monitoring mechanisms to combat the spread of deepfakes on platforms like X, Facebook, Instagram, and YouTube.

ETtech Explainer: why Karnataka had to put job reservation bill on hold

Economic Times

Economic Times · 12m ago

ETtech Explainer: why Karnataka had to put job reservation bill on hold

The Karnataka government recently approved a bill that would require private sector companies to reserve a certain percentage of jobs for Kannadigas, sparking controversy. The bill specifies that 50% of management roles and 70% of non-management roles should be filled by local candidates. However, following backlash from businesses and tech leaders, the bill has been temporarily put on hold. Similar to a bill introduced by the Haryana government, which was struck down by the Punjab and Haryana High Court, the Karnataka bill has faced opposition from industry bodies like Nasscom and Assocom. The government has promised wider consultations to address the concerns of both Kannadigas and industries.

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