Over 1.5 lakh employees of shopping malls in Karnataka lost jobs in a year

News Network
June 13, 2021

Bengaluru, June 13: More than 1.5 lakh employees in shopping malls across Karnataka have become jobless due to lockdowns and restrictions over the past year and owners have incurred losses in crores of rupees. Mall owners have urged the government to allow them to reopen by June 21 to help them stem the tide.

Mukesh Kumar, chairman, Shopping Centres Association of India (SCAI) & CEO, Infiniti Malls, said for every person directly employed with malls, on an average, three others are indirectly employed, providing logistics and support.

“In such a scenario, at least 1.5 lakh people have lost their jobs in the state,” Kumar said during a press conference in Bengaluru on Friday. “Though around 50,000 of them were reemployed after malls reopened for a brief time, many were laid off during the second lockdown,” he said. He said over 50% of malls, a majority of them standalone ventures, will close down if no support is provided.

Sunil Munshi, AVP operations, Orion Malls, said almost 80% of employees working in malls, shops, restaurants and service sectors come from economically weaker sections.

Kumar said a moratorium extended by RBI last year ended in March and they now have nothing to fall back on. “There has hardly been any revenue for a retailer or the mall. The past few months have been so stressful that we don’t know how to cope,” he said.

He said on average, revenue from retail in malls in the state is Rs 2,000 crore per month. They pay Rs 350 crore GST. Due to lockdowns, retails have incurred losses of Rs 20,000 to 25,000 crore and governments have suffered GST loss of Rs 3,000 crore. “Malls have lost 15% of the revenue generated by retailers,” Kumar said.

Kumar said pre-Covid estimates show that across India, 1,000 malls generate monthly revenue of Rs 12,000-Rs 15,000 crore. The whole ecosystem has suffered almost Rs 1 lakh crore losses.

Najeeb Kunil, CEO, PPZ Mall Development & Management Services Co said they have urged the state government to provide waivers around rental / lease, electricity charges, upcoming renewals of existing permits / licenses / NOCs among others. They have also sought waiver of property taxes payment till January 2022 and support around minimum wages rates and guard-board payments until FY 2021-22.

He also feared a downstream effect hitting smallscale industries and small businesses which have no income with shopping malls shut. “The sooner they take a call and heed our requests, the better it will be for everyone in the ecosystem, not just the developers,” he said.

SCAI members said that the solution lies in reopening the shopping malls as soon as possible. Kunil said vaccination is a major solution. “We hope to be back to 90% of footfall by October,” he said.

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Ramesh Mishra
 - 
Friday, 25 Jun 2021

THE GLOBAL ECONOMY DURING AND AFTER COVID-19, PANDEMIC
The disciplined, law-abiding and skilled nations would reestablish the economy expediently than undisciplined, lawless and unskilled countries. Covid-19, the pandemic has crumbled the global economy putting India 50 years behind. Indian leaders were irresponsible in handling the Covid-19, pandemic, due to their Godly attitude and for the lack of respect for the Rule of Law causing massive death during the Covid-19, pandemic. India is now doomed.
Ramesh Mishra
Victoria, BC, CANADA

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News Network
April 27,2024

The spokesman for the Yemeni Armed Forces has said it has carried out new operations against American and British targets in retaliation for their aggression on the country.

Brigadier General Yahya Saree said on Friday that Yemen’s naval forces struck a British oil tanker in the Red Sea with missiles.

Saree also said the military also shot down an American MQ-9 drone in Sa’ada province.

He added that the new operations were also a show of solidarity with Palestinians in the Gaza Strip, amid the Israeli genocide there. 

“The Yemeni Armed Forces salute all the people of Yemen for their faithful response to the call of the fighter leader Sayyed Abdulmalik Badr El-Din Al-Houthi, may Allah protect him, in their unprecedented large-scale interaction in support of our oppressed brothers in the Gaza Strip, affirming support for the Armed Forces in their military operations against the ‘Israeli’ enemy and against the American-British aggression supporting it in the Red and Arabian Seas and the Indian Ocean,” Saree said.

He stressed that the Yemeni armed forces will continue operations in the Red and Arabian Seas as well as the Indian Ocean until the Western-backed Israeli genocide comes to a halt.

Since the start of the brutal campaign in Gaza, the regime has killed more than 34,300 Palestinians and injured over 77,000 others. It has cut off fuel, electricity, food and water to the more than two million Palestinians living there.

The Yemeni Armed Forces have been targeting Israeli vessels or those “associated” with the occupying regime in the Red Sea and the Arabian Sea since October 7, 2023.

The regime ignited its bloody war machine in the besieged Palestinian territory on that October day in response to Operation Al-Aqsa Storm conducted by the resistance movement Hamas.

The maritime attacks have forced some of the world’s biggest shipping and oil companies to suspend transit through one of the world’s most important maritime trade routes.

Tankers are instead adding thousands of miles to international shipping routes by sailing around the continent of Africa rather than going through the Suez Canal.

The pro-Palestine maritime campaign has also prompted airstrikes by the US and its allies on Yemen – in violation of the Yemeni sovereignty and international law.

In consequence, Yemen’s armed forces have declared US and British vessels as legitimate targets.

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News Network
May 5,2024

sadiq.jpg

London: London's Labour mayor Sadiq Khan on Saturday secured a record third term, as the party swept a host of mayoral races and local elections to trounce the ruling Conservatives just months before an expected general election.

Khan, 53, beat Tory challenger Susan Hall by 11 points to scupper largely forlorn Tory hopes that they could prise the UK capital away from Labour for the first time since 2016.

The first Muslim mayor of a Western capital when initially elected then, he had been widely expected to win as the opposition party surges nationally and the Tories struggle to revive their fortunes.

Hours later in the West Midlands, Conservative mayor Andy Street -- bidding for his own third term -- unexpectedly lost to Labour's Richard Parker, dealing a hammer blow to Prime Minister Rishi Sunak.

That narrow loss left the beleaguered leader with only one notable success in Thursday's votes across England, after Tory mayor Ben Houchen won in Tees Valley, northeast England -- albeit with a vastly reduced majority.

In a dismal set of results, Sunak's party finished a humiliating third in local council tallies after losing nearly 500 seats.

"People across the country have had enough of Conservative chaos and decline and voted for change with Labour," its leader Keir Starmer said shortly after confirmation of Parker's victory.

He called the result "phenomenal" and "beyond our expectations".

Writing earlier in Saturday's Daily Telegraph, Sunak had conceded "voters are frustrated" but tried to argue Labour was "not winning in places they admit they need for a majority".

"We Conservatives have everything to fight for," Sunak insisted.

'Spirit and values'

Labour, out of power since 2010 and trounced by Boris Johnson's Conservatives at the last general election in 2019, also emphatically snatched a parliamentary seat from the Tories.

Starmer has seized on winning the Blackpool South constituency and other successes to demand a general election.

Sunak must order a national vote be held by January 28 next year at the latest, and has said he is planning on a poll in the second half of 2024.

Labour has enjoyed double-digit poll leads for all of his 18 months in charge, as previous Tory scandals, a cost-of-living crisis and various other issues dent his party's standing.
On Thursday, it was defending nearly 1,000 council seats, many secured in 2021 when it led nationwide polls before the implosion of Johnson's premiership and his successor Liz Truss's disastrous 49-day tenure.

In the end, they lost close to half and finished third behind the smaller centrist opposition Liberal Democrats.

Meanwhile Labour swept crunch mayoral races across England, from Yorkshire, Manchester and Liverpool in the north to contests across the Midlands.

In London, Khan netted 44 percent of the vote and saw his margin of victory increase compared to the last contest in 2021.

"It's truly an honour to be re-elected for a third term," he told supporters, accusing his Tory opponent of "fearmongering".

"We ran a campaign that was in keeping with the spirit and values of this great city, a city that regards our diversity not as a weakness, but as an almighty strength -- and one that rejects right hard-wing populism," he added.

'Change course'

If replicated in a nationwide contest, the council tallies suggested Labour would win 34 percent of the vote, with the Tories trailing by nine points, according to the BBC.

Sky News' projection for a general election using the results predicted Labour will be the largest party but short of an overall majority.

Speculation has been rife in Westminster that restive Tory lawmakers could use dire local election results to try to replace Sunak.

Despite the returns being at the worst end of estimates, that prospect has not so far materialised.

Ex-interior minister and Sunak critic Suella Braverman warned in the Sunday Telegraph that Sunak's plan "is not working and he needs to change course", urging a more muscular conservatism.

But she cautioned against trying to replace him, warning "changing leader now won't work: the time to do so came and went".

Meanwhile, polling expert John Curtice assessed there were some concerning signs for Labour, which lost control of one local authority and some councillors elsewhere reportedly over its stance on the Israel-Hamas war.

"These were more elections in which the impetus to defeat the Conservatives was greater than the level of enthusiasm for Labour," Curtice noted in the i newspaper.

"Electorally, it is still far from clear that Sir Keir Starmer is the heir to (Tony) Blair."

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News Network
May 2,2024

Bengaluru, May 2: Prajwal Revanna, grandson of former Prime Minister Deve Gowda, was issued fresh summons on Thursday by the Special Investigation Team (SIT) which is investigating the case of obscene videos involving the former JD(S) member, several news outlets reported.

The SIT also junked his appeal which sought seven days time to join the probe, as per these reports.

Prajwal and his father, H D Revanna, have sexual harassment and stalking cases filed against them over the matter. Gowda's son, H D Revanna, however, said that what took place '4-5 years ago' is now being turned into a legal case.

JD(S) in its core committee meeting suspended Prajwal from the party till the end of the probe. Prajwal, meanwhile, took to X to state he would join the probe in seven days time, asserting 'truth will prevail'.

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