Karnataka approves 62 projects worth Rs 3,607 crore; to generate nearly 11K jobs

News Network
November 29, 2023

investment.jpg

Bengaluru, Nov 29: The State Level Single Window Clearance Committee (SLSWCC) cleared 62 industrial investment proposals worth Rs 3,607.19 crore with an employment generation potential of 10,755 within the state, the official release stated on Wednesday.

The SLSWCC committee, headed by M.B. Patil, Minister for Large and Medium Industries, and Infrastructure Development approved eight projects involving more than Rs 50 crore investment, totaling Rs 2,088.44 crore. These hold the potential to create 6,360 jobs.

Some of the top investors include Texcon Steels, Hundri Sugars and Ethanol Private Ltd, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories and Qualcomm India among others.

Of the total 62 proposals, about 51 investment projects are between Rs 15 crore to Rs 50 crore totaling Rs 941.40 crore, promising employment generation potential of 4,395 within Karnataka.

Three projects with an additional investment of Rs 577.35 crore were also approved by the committee.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
July 12,2024

banana.jpg

New Delhi: Retail inflation increased to 5.08 per cent in June as kitchen items became dearer, according to government data released on Friday.

The Consumer Price Index (CPI) based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023 (previous low).

Inflation in the food basket was 9.36 per cent in June, up from 8.69 per cent in May, according to the data released by the National Statistical Office (NSO).

The government has tasked the Reserve Bank of India (RBI) to ensure that the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side.

The RBI projected the CPI inflation for 2024-25 at 4.5 per cent, with Q1 at 4.9 per cent, Q2 at 3.8 per cent, Q3 at 4.6 per cent, and Q4 at 4.5 per cent.

The central bank mainly factors in the retail inflation while deciding its bi-monthly monetary policy.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 18,2024

ksrtc.jpg

Mangaluru, July 18: Dozens of passengers had a narrow escape after a fire erupted in the engine of a KSRTC Airavat bus traveling from Bengaluru to Mangaluru at Uppinangady on National Highway 75 on Thursday morning.

The fire was quickly extinguished by the driver and conductor of the bus with the help of local residents.

At around 6:30 am on Thursday, as the bus reached Subrahmanya Curve in Uppinangady, smoke began to fill the interior. Upon stopping the bus, the fire in the engine intensified.

Panchayat staff Isaac and Iqbaal, along with local residents Snake Zakariya, Siddik Koppal, and Joy, rushed to the scene and helped extinguish the fire using water and sand from the riverbank. They had been observing the flood situation in the river from the roadside when they noticed the smoke.

The bus had departed from Bengaluru on Wednesday night at 10:30 pm. Due to traffic congestion in the Shiradi Ghat section, there was a three-hour delay. The fire erupted when the bus finally reached Uppinangady.

The passengers were transferred to another bus, according to Airavat bus conductor Ashok Jadhav.

Traffic movement was affected as the bus was parked on the road after the fire was spotted, causing a one-kilometer-long line of vehicles on both sides of the highway.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 16,2024

revannaHD.jpg

Bengaluru: Senior JD(S) lawmaker HD Revanna on Tuesday launched a diatribe against Director-General of Police Alok Mohan in Karnataka Assembly, dubbing him as “unfit” to be the top cop.

But an emotional Revanna also said that his son Prajwal Revanna, the former Hassan MP accused of mass sexual abuse, should be hanged if found guilty.

“If my son has committed wrongs, then let him be hanged. I won’t say no,” Revanna said in his first Assembly appearance after his family was embroiled in the Hassan sexual abuse case. 

“I’ve been a lawmaker for 25 years. I’ve spent 40 years in public life. Against me, some woman is brought to the Director-General’s office. The DG gets the complaint filed. Isn’t he nalayak to be the DG? He’s unfit. This is a shameless government,” Revanna said. 

This riled up members of the ruling Congress, including Chief Minister Siddaramaiah who asked Deputy Speaker Ramappa Lamani in the chair to expunge the comments. 

Revanna was arrested on May 4 in a kidnap and illegal confinement case linked to the Hassan sexual abuse saga. 

Revanna rose to speak after Leader of the Opposition R Ashoka drew a comparison between the manner in which Special Investigation Teams (SIT) are probing the Hassan sexual abuse case and the embezzlement at the Maharshi Valmiki ST Development Corporation. 

“Revanna, Bhavani and our former Hassan MLA Preetham...they’re facing an SIT. But that SIT is so strong...all of them went to court seeking justice fearing arrest,” Ashoka said. “But with the other SIT, there’s no fear,” he said, adding that former minister B Nagendra was not summoned for investigation for over 30 days. 

Senior BJP lawmaker S Suresh Kumar interjected. “There’s SIT and there’s SSIT. The SIT is Special Investigation Team. The SSIT is the Siddaramaiah Shivakumar Investigation Team,” he said. Taking exception, Shivakumar said the comment should be expunged.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.