Karnataka economy hit as IT, ITES face slowdown

February 6, 2013

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Bangalore, Feb 6: The IT and ITES sectors, driver of the Karnataka's economy, is in all probability slipping into another slowdown phase in the current financial year.

According to the Economic Survey report for 2012-13, yet to be released by the State government, the service sector is most likely to register a disappointing 8.9 per cent growth against 10.6 per cent last year, and it may further slowdown the State's economic growth.

Due to sluggishness in the IT sector, drought hit agriculture and continued stagnation in the industry, the overall economy of the State is likely to grow at 5.9 per cent against 6.4 per cent in the previous year. The State government is likely to release the report before the presentation of 2013-14 budget scheduled on February 8. The State Planning, Programme Monitoring and Statistics Department has prepared the report based on the advance estimates.

The big blow to the State economy is expected to come from the service sector, which contributors about 55 per cent to the Gross State Domestic Product (GSDP). It is for the first time since 2008-09, the worst year of global economic slowdown, the service sector (IT and ITES) is estimated to register decline in its growth. The sector had recovered in 2010-11 and 2011-12 financial years after recording the slowest growth rate of 8.2 per cent in 2009-10.

Food production

The drought-hit agriculture sector (primary sector) is estimated to grow at just 1.8 per cent against 2.4 per cent last year. And the foodgrain production is estimated to be 125 lakh tonnes against the target of 135 lakh tonnes. The State has been experiencing severe drought for almost two years now. As many as 157 of 176 taluks have been declared as drought-affected by the government.

The primary sector had registered the highest growth of 13.3 per cent in 2010-11, with the record foodgrain production of 145 lakh tones. But the sector recorded a negative growth in 2011-12 with only 2.9 per cent.

The industry or the secondary sector is expected to remain almost stagnant with 2.4 per cent growth. The poor performance in the sector is largely due to overall economic slowdown, official sources said.

Institute of Social and Economic Change Director Prof R S Deshpande said the drought has done major damage to the agriculture sector. There will be decline in production of oilsseeds, pulses and cash crops this year. Still there will be reasonable growth due to increase in productivity. Overall, the State finances have been well maintained, he added.

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News Network
May 11,2024

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Madikeri, May 11: Kodagu police have apprehended the man allegedly responsible for the brutal murder of a minor girl within the confines of Kumbaragadige village in Karnataka's Somwarpet taluk. 

Kodagu Superintendent of Police, K Ramarajan, disclosed that the arrested individual is Prakash (32) from Hammiyala village in Somwarpet taluk. However, authorities are still in the process of recovering the severed head of the victim. The perpetrator had absconded with the victim's severed head after committing the crime. 

Search operations for the suspect commenced late on Thursday night (May 9), with officials diligently pursuing leads. Acting on information suggesting the suspect's presence in a forested area near the village, the police swiftly moved in and apprehended him.

The victim US Meena, 15, a student of Surlabbi High School, had passed the SSLC examinations, the results of which were announced on May. One same day, she was murdered. 

Reportedly, the engagement of the minor girl with the suspect was thwarted by officials from the Women and Child Development department. Subsequently, officials persuaded the girl's parents against proceeding with the marriage. 

However, despite these interventions, the suspect forcibly entered her residence during the night, purportedly abducted her, and later perpetrated the heinous crime in a wooded area on the outskirts of the forest, before absconding with her severed head.

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News Network
May 17,2024

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Bengaluru: The India Meteorological Department (IMD) on Friday forecast heavy rainfall and thunderstorms in a few districts of Karnataka and said Bengaluru is likely to witness light to moderate rain and thunderstorms, with temperatures ranging from 30 degree Celsius to 22 degree Celsius in the next 24 hours.

Shivamogga, Chikkamagaluru, Kodagu, Hassan, Mysuru, Mandya, Chamrajanagara, Udupi and Dakshina Kannada districts are likely to experience heavy to very heavy rainfalls between May 17 and 21, said C S Patil, Director of Meteorological Centre, India Meteorological Department, Bengaluru.

According to India Meteorological Department, some places in Kodagu, Hassan, Mysuru, Mandya and Tumukuru districts will also witness, gusty winds (40-50 kmph) on May 18.

Moderate rain and thundershowers are also likely in Chikkaballapura, Chitradurga, Davangere, Kolar, Ramanagara and Vijayanagara districts.

IMD also predicts light to moderate rain very likely at some places over Bagalkote, Belagavi, Bidar, Dharwad, Gadag, Haveri, Kalaburgi, Koppal, Raichur and Yadgir districts.

On May 16, Channagiri in Davanagere district received the highest rainfall of 6 cm. 

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May 10,2024

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Madikeri: A 15-year-old was bludgeoned to death and the accused fled with her severed head at Mutlu village in Somwarpet of Kodagu district on Thursday late night, hours after her SSLC examination result was declared.  

The victim has been identified as US Meena, a 10th grade student of Surlabbi High School. She had passed the SSLC examination and her school attained 100% results. 

However, she was brutally murdered by accused Prakash (32), a resident of the village. The police have launched a search operation to find the suspect, said Kodagu SP K Ramarajan 

It is said that the minor girl's engagement with the suspect was thwarted by officials from Women and Child Development department on May 9, and later officials had even convinced her parents of not to marry the minor girl.

However, the suspect barged into her house in the night and allegedly kidnapped her. Later, he took her to an area near the periphery of the forest and murdered her after which he fled with her severed head.

Victim's mother too has suffered injuries and is admitted to a hospital for treatment. The reason for the murder will be known after the probing officials have inquired the victim's mother, said the SP. 

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