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
May 19,2024

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Mangaluru: Disgruntled BJP leader and former MLA K Raghupathi Bhat, who is contesting the legislative council election as an independent candidate from the South West Graduates constituency, said the BJP has adopted the “godfather culture” of the Congress.

Bhat told reporters here on Saturday, that he has not tried to appease any senior BJP leaders to get a party ticket to contest the MLC poll.

“I am contesting and seeking votes based on my achievements. My contesting may have a negative impact on the BJP. However, I want to go back to the BJP after winning this election,” Bhat said, and refused to answer the actual reason for the denial of a BJP ticket to him.

“I have no idea who played from behind that I was denied a ticket for the MLC poll.

Earlier, the BJP had a culture of selecting candidates for MLA and MLC polls by seeking the opinion of party workers at the booth level, followed by discussions at mandal and district levels.

Now the situation is such that even if one person’s name was sent from the state, the final list will be different. The godfather culture of the Congress has stretched into our party too. Only those who appease leaders get a ticket in the BJP. However, I have not appeased any leader. I believe in the support of party workers, and with this confidence I am contesting the election,” Bhat said.

To a query, Bhat said that he has not contacted by BJP leaders after deciding to contest the MLC poll.

“I have already requested all leaders that I should get the party’s Form B to contest the MLC poll from the South West Graduates constituency. I have told them that I am also contesting as an independent candidate on behalf of the BJP. The ultimate aim of my contesting the election is that senior leaders should know the injustice that honest party workers are facing in the BJP,” he said.

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News Network
May 19,2024

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In a heart-wrenching turn of events, the serene town of Banavasi in Sirsi taluk of Karnataka’s Uttara Kananda district, was struck by tragedy. A young boy lost his life after being struck by lightning on a fateful Saturday evening around 4p.m.

The victim, identified as 16-year-old Sajid Ashfaque Ali, was a bright tenth-grade student at Eden Way High School. Full of dreams and youthful energy, Sajid was enjoying an innocent game with his friends on the Jayanthi High School grounds when the unthinkable happened.

As ominous clouds gathered and rain began to pour, an unexpected bolt of lightning pierced the sky, striking Sajid. His friends watched in horror as he collapsed. Despite the desperate rush to get him to the hospital, Sajid's injuries proved fatal, and he passed away, leaving his family and community in shock and grief.

The rain that had started earlier that afternoon became a backdrop to this devastating incident, casting a pall over the Banavasi police station limits. Sajid’s body has been taken to the government hospital for a post-mortem examination, as the community grapples with the sudden and tragic loss of such a young life.

The tragic death of Sajid Ashfaque Ali is a poignant reminder of the unpredictability of nature and the fragile thread of life. His memory will linger in the hearts of those who knew and loved him, a young life taken too soon.

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News Network
May 14,2024

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Bengaluru, May 14: JD(S) leader HD Revanna has been released from Parappana Agrahara Jail today, on May 14 after he was granted conditional bail. 

He was granted a conditional bail yesterday by a Bengaluru court in connection with a kidnapping case linked to sexual abuse allegation against him and his son Prajwal.

Revanna was arrested on May 4 by Special Investigative Team (SIT) officials in a kidnapping case registered against him at KR Nagar police station in the city. The case is linked to his son and Hassan MP Prajwal Revanna’s mega sex scam. 

Representing the JD(S) MLA from Holenarsipura, he termed this case a "political conspiracy" against him.

A SIT, constituted by the Karnataka government, is probing the alleged sexual abuse against against HD Revanna and his son Prajwal Revanna.

Prajwal Revanna, the incumbent MP, is seeking another term from Hassan Lok Sabha constituency. The voting for the seat took place on April 26.

Earlier, JD (S) chief HD Kumaraswamy alleged that Karnataka government does not want a fair inquiry.

"They are misusing the office. Nothing is going to happen ultimately. They wanted character assassination of HD Revanna and for that reason, they are using their office," Kumaraswamy told ANI.

Meeting Karnataka Governor Tawara Chanda Gehlot on May 9, a delegation of the Janata Dal (Secular) submitted a memorandum and urged Gehlot to recommend a CBI probe.

Prajwal sill absconding

The JD(S) MP, Prajwal, fled to Germany after Karnataka State Commission for Women Nagalakshmi Chowdhary wrote to Chief Minister Siddaramaiah seeking an investigation into over obscene videos of Prajwal Revanna allegedly sexually abusing several women. He has also skipped summons issued by the SIT to appear before it.

The ‘obscene videos’ involving Prajwal Revanna started making the rounds ahead of the first phase of Lok Sabha elections in Karnataka on April 26, triggering a political slugfest.

A lookout notice against Prajwal Revanna has been issued at all airports in India, along with a Blue Corner notice. A Blue Corner notice issued by Interpol helps countries collect and share information regarding a person's location and their activities as part of a criminal investigation.

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