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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.

Bengaluru: Apex IT industry body Nasscom has expressed deep disappointment and concern over Karnataka's quota-for-locals bill mandating reservation for locals in private sector, and has exhorted the state government to withdraw the bill.

Nasscom's strong note of dissent assumes significance as it adds to the growing chorus of top industry voices, which have warned that the legislation would erode the state's edge in technology, and reverse the progress made so far.

The IT industry body has sought an urgent meeting with state authorities to discuss the concerns and "prevent the state's progress from being derailed", the association said.

"Nasscom members are seriously concerned about the provisions of this bill and urge the state government to withdraw the bill. The bill's provisions threaten to reverse this progress, drive away companies, and stifle startups, especially when more global firms (GCCs) are looking to invest in the state," a Nasscom release said.

Stating that the tech sector contributes to 25 per cent of the state GDP, houses a quarter of the country's digital talent, has over 11,000 startups and 30 per cent of the total GCCs, Nasscom contended that the restrictions could force companies to relocate as local skilled talent becomes scarce.

"In today's highly competitive landscape, knowledge-led businesses will locate where talent is as attracting skilled workers is crucial for success... For states to become a key technology hub a dual strategy is key - magnet for best talent worldwide and focussed investment in building a strong talent pool within the state through formal and vocational channels," it said.

The technology sector has been crucial to Karnataka’s economic and social development, with Bengaluru known globally as India's Silicon Valley.

"The technology sector contributes almost 25 per cent of the state GDP and has played a key role in enabling higher growth for the state, higher per capita income than the national average. With over a quarter of India’s digital talent, the state houses over 30 per cent of the total GCCs and around 11,000 start-ups," it said.

Nasscom rued that it is "deeply disturbing" to see this kind of bill which will not only hamper the growth of the industry, but impact jobs and the global brand for the state.

The Karnataka State Employment of Local Candidates in the Industries, Factories and Other Establishments Bill, 2024 was approved by the state cabinet on Monday, and it seeks to reserve 50 per cent of management positions and 75 per cent of non-management positions in the private sector for locals.

The Bill has triggered controversy and criticism from across industry. Industry veteran Mohandas Pai termed the Bill "very regressive", and "draconian".

Bengaluru, Jul 19: The Karnataka government was taking all necessary measures towards rescue and relief of those affected by flooding and landslides caused by heavy downpour in parts of the state, where monsoon rains since June has been 22 per cent above normal, Revenue Minister Krishna Byre Gowda said on Friday.

The Minister was replying to a discussion in the Legislative Assembly on floods and landslides in parts of the state due to rains, amid BJP and JD(S) protest from the well of the House against alleged financial irregularities in a state-run corporation.

"The government will take all necessary measures. We had information since January about above normal rains this year and accordingly we have made necessary arrangements. Since June 1 so far normally 365 mm rains should have happened, but 447 mm rains have occurred which is 22 per cent above normal," Gowda said.

He said: "In the three coastal districts normally 1,537 mm rains should have happened but this time it was 1,858, which is 21 per cent above normal, and in the Malnad region normally it should have been 733 mm, but it is 802 mm, which is 9 per cent above normal."

"So far 29 care centres have been set up, where 2,332 people are taking shelter, and to carry out relief works all the districts have been provided a total of Rs 777.54 crore; if required, more funds will be given, there is no shortage of funds," he added.

From July 1 to 19 there has been 244 mm rains in the state and this is highest in 30-40 years, the Minister said, adding, in Malnad districts it is 544 mm and in coastal region 1,154 mm.

Noting that five platoons of National Disaster Response Force (NDRF) have been deployed in six districts of coastal and Malnad regions, the Minister said they will be stationed for the entire monsoon season.

The government has identified gram panchayats that are vulnerable to floods, he said. 2,225 villages are mapped as vulnerable ones, under 1,247 gram panchayats, with 2,38,000 people.

"In each of these 1,247 gram panchayats a task force has been set up, and a taluk level officer has been appointed as nodal officer for each panchayat," he said. Funds have been allocated to each of these task forces to take up immediate relief work.

Blaming "unscientific work" by the National Highways Authority of India (NHAI) for the massive landslide that hit National Highway 66 near Shirur village of Ankola taluk in Uttara Kannada district on July 16, the Minister said, the Chief Secretary has spoken to NHAI to correct the "unscientific designs."

A tanker containing LPG had fallen into the river during the tragedy, he said. With the help of technical experts, controlled release of gas was done to avoid any possible explosion.

According to preliminary reports, about 371 hectare of agriculture crops and 351 hectare of horticulture crops have been damaged, the Minister said. More crops have been damaged in the last couple of days and reports are awaited. About 2,450 houses have been damaged, including some partially.

"Houses will be provided for those who lost houses," he said, adding, immediate relief will be provided for crop losses.

"About 60 percent of our dams are filled," Gowda said. "Total capacity of our dams is 895 tmcft; last year this time it was 243 tmcft, but this year 536 tmcft water storage is there."

Leader of Opposition R Ashoka alleged that no relief is being given and there are no funds with the government.

"None of the Ministers have gone to affected regions so far. The government has become bankrupt. The government is dead," he added.