Karnataka ranks third in FDI flow: Economic Survey

[email protected] (The Hindu)
February 27, 2016

Bengaluru, Feb 27: Amidst concerns over flight of investment from the State, the Economic Survey 2015-16 tabled by Finance Minister Arun Jaitley in Parliament on Friday stated that Karnataka is the third largest recipient of foreign direct investment (FDI) in the country.

fdi

Karnataka received FDI amounting $3,266.48 million during April-November 2015 against $3,443.89 million in April-March 2014-15. During April 2014 to November 2015, the State received FDI totalling $6,710.36 million, constituting 12.04 per cent of the country's FDI.

A State-wise analysis of FDI inflows to different Indian States showed a clear regional disparity.

Delhi, Haryana, Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Andhra Pradesh together attracted more than 70 per cent of total FDI inflows to India in the last 15 years. Except Delhi, all States have seen a decrease in FDI flow between 2014-15 and 2015-16.

However, States with vast natural resources like Jharkhand, Bihar, Madhya Pradesh, Chhattisgarh, and Odisha have not been able to attract foreign funds directly for investment in different sectors.

Inflation

A State-wise analysis of inflation shows that CPI-based general and food inflation declined during the current year in most States. Yet, there are exceptions. Karnataka, Andhra Pradesh, Telangana, and Jammu and Kashmir experienced higher inflation during April-December 2015 compared to the corresponding period of the previous year.

The reason for rising inflation in these States has been higher food inflation, it said.

Drip irrigation

Adoption of drip irrigation has provided immense benefit to farmers in Karnataka and other States, according to the Economic Survey. An impact evaluation of National Mission on Micro Irrigation in Karnataka and other States has revealed benefits of drip irrigation to farmers. Karnataka has been providing subsidy to farmers for adoption of drip irrigation.

The Survey said provisions for credit to farmers can incentivise greater adoption of this technology.

Positive results

Results from the impact evaluation conducted in 64 districts of 13 States — Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Haryana, Karnataka, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Sikkim, Uttar Pradesh, and Uttarakhand — revealed the benefits of drip irrigation.

There have been substantial reductions in irrigation costs and savings on electricity and fertilisers. This is because water is efficiently supplied and hence, pumps are used for a limited time.

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News Network
December 19,2025

Mangaluru: The Mangaluru CEN police have arrested a 23-year-old man for allegedly posting provocative and misleading content on an Instagram page named “mr_a_titude”, targeting the Bajpe police.

Mangaluru Commissioner of Police Sudheer Kumar Reddy C H identified the arrested as Abhishek M, a resident of Katipalla in Mangaluru.

A case has been registered at the Bajpe Police Station under Sections 353(1)(c), 353(2), 56, and 57 read with Section 189 of the Bharatiya Nyaya Sanhita (BNS) in connection with the post.

According to police, the accused uploaded a photograph of a hotel on the Instagram page and alleged that accused persons in a murder case under the Bajpe police jurisdiction were being given “royal treatment” by the police, including being served beef meals daily from the hotel.

The post further accused the police of supporting criminals, misusing their authority, and betraying public trust. Police said the content was provocative in nature and aimed at inciting public outrage against the police.

Following the post, a case was registered at the Bajpe police station, and further investigation was transferred to the CEN police station.

Police records indicate that the accused has a criminal history, with multiple cases registered against him, including murder, attempt to murder, assault, and robbery at the Surathkal Police Station, and one case at the Kaup Police Station.

The Commissioner said the accused was traced and arrested using technical evidence.

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News Network
December 15,2025

Mangaluru, Dec 15: Educational institutions in Mangaluru that rely on the popular Mangala Stadium for their annual sports events are bracing for an inconvenience as the city's key sporting venue is set to close its gates for a significant upgrade. The stadium is expected to be unavailable for approximately two months starting from January 15, 2026.

The closure is necessitated by a proposed overhaul of the stadium's facilities, with a special focus on upgrading the synthetic track. Pradeep Dsouza, Assistant Director of the District of Youth Empowerment and Sports (DYES), Dakshina Kannada, confirmed the development.

"Experts have visited the stadium, conducted a thorough inspection, and have given the go-ahead for a complete makeover," Dsouza stated. "Funds have been allocated for the project, and we are currently awaiting the final green signal from state officials to commence the work. We anticipate that the work will likely begin in the second week of January. Consequently, we have stopped renting out the stadium to colleges and other organizations in preparation for the upgrade."

The timing presents a logistical challenge for colleges, as many schools have already concluded their sports meets.

"Colleges will now be organizing their events and will need to find alternative locations to host their sports meets," Dsouza added. He suggested a few potential venues, including the Dakshina Kannada police ground, University College grounds, Panambur grounds, Swaraj Maidan in Moodbidri, and the Mangalore University sports grounds in Konaje.

However, many institutions note that finding a comparable venue will be difficult. While the DK police ground and University College grounds are closer to the city center, they do not possess the extensive facilities and infrastructure offered by Mangala Stadium.

Dr. P Dayananda Pai - P Satisha Govt First Grade College, Carstreet, is one such institution dependent on the stadium. Principal Jayakar Bhandary expressed hope for a swift completion of the work. "We expect the work to be completed at the earliest. If not, we will be forced to look for other venues to host the sports day for our students," Bhandary said, highlighting the pressing need for the city's main sporting facility.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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