'Must see our economy also': Karnataka CM after PM Modi asks states to cut fuel tax

News Network
April 27, 2022

Karnataka Chief Minister Basavaraj Bommai on Wednesday did not commit to cutting sales tax on fuel after Prime Minister Narendra Modi chided Opposition-ruled states over high petrol prices.

“We will see. We must see our economy also. Based on that we will decide,” Bommai told reporters when asked if Karnataka will go for another cut in fuel tax.

Currently, a litre of petrol costs Rs 111.09 and diesel costs Rs 94.79 in Bengaluru.

“The PM gave an example citing Karnataka. Last November, after the Centre cut excise duty, some states followed suit and it benefited citizens in a cooperative federal set up. It will help if other states reduce tax so that neighbouring states aren’t affected,” Bommai said.

At a video conference earlier in the day, PM Modi specifically named Maharashtra, West Bengal, Telangana, Andhra Pradesh, Tamil Nadu, Kerala and Jharkhand for not cutting fuel tax since last November. 

“If Karnataka had not cut tax, it would have mopped a revenue of Rs 5,000 crore in these six months. Similarly, if Gujarat hadn’t cut tax, it would have earned an additional Rs 3,500-4,000 crore,” Modi said.

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News Network
January 31,2026

Roy.jpg

Bengaluru: The shooting incident involving CJ Roy, founder of the Confident Group, has once again put the spotlight on a businessman whose life has swung between flamboyant global success and persistent controversy at home.

Though Roy’s business interests extended across continents, his roots lay firmly in Karnataka. An alumnus of Christ School in Bengaluru, he later moved to Tumakuru to pursue an engineering degree. Those familiar with his early years describe him as intensely ambitious, beginning his career as a salesman at a small electronics firm dealing in computers.

Roy’s entry into large-scale real estate came through the Crystal Group, where he worked closely with Latha Namboothiri and rose from manager to director. However, the launch of the Confident Group in 2005 was clouded by industry speculation. Insiders speak of a fallout involving alleged “benami” properties and claims of deception that ultimately led to his independent venture—an episode Roy spent years trying to distance himself from, according to associates.

A tale of two cities

Roy’s professional trajectory diverged sharply across geographies.

In Dubai, he built a reputation as a bold and efficient developer, completing massive luxury residential projects in record time—some reportedly within 11 months. His rapid project delivery and lavish lifestyle in the Emirates earned him admiration and visibility in the real estate sector.

In Bengaluru, however, his image remained far more fractured. Sources say Roy stayed away from the city for several years amid disputes over unpaid dues to vendors and suppliers. Several projects were allegedly stalled, with accusations of unfulfilled commitments to cement and steel suppliers continuing to follow him.

Roy’s return to Bengaluru’s business and social circles began around 2018, marked by a conscious attempt at rebranding. His appointment as Honorary Consul of the Slovak Republic added diplomatic legitimacy, which he complemented with visible CSR initiatives, including ambulance donations and high-profile charity events.

Heavy police presence in Langford Town

Following the incident, police personnel from the Central division were deployed outside the Confident Group building in Langford Town, which also houses the Slovak Honorary Consulate in Bengaluru.

The otherwise busy premises near Hosur Road wore a deserted look on Friday, reflecting the shock and uncertainty that followed the tragedy.

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