3 Indian-origin high school students killed in car crash in US; 2 others injured

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".

A family of four from Kerala, who had just returned to Kuwait after a vacation, died in a tragic fire at their Abbasiya residence on Friday night. The victims are Mathew Mulackal (40), wife Lini Abraham (38) and children Irin (14) and Issac (9), all hailing from Neerattupuram, Alappuzha.

The family returned to their Kuwait flat on Friday evening, after a month-long vacation in Kerala. The fire, believed to have been caused by an air conditioning unit malfunction, broke out around 9 p.m. Preliminary reports suggest that the family died from inhaling toxic fumes.

Mathew was employed with Reuters, while Lini worked as a nurse in Kuwait. They had returned from their vacation just ahead of the reopening of their children's school. 

The family had recently built a new home in Kerala, which was completed a year ago. During their vacation, they visited the house for a blessing ceremony but couldn't stay long due to their return schedule.

Fire brigade and police have launched an investigation. The Indian Ambassador in Kuwait, along with Union Ministers, are taking measures to repatriate the bodies to India. 

"Embassy @indembkwt expresses its deepest condolences on the tragic demise of Mr Mathews Mulackal, his wife and 2 children due to fire in his flat in Abassiya yesterday night," the Indian Embassy in Kuwait said in a post on X.

"Embassy is in touch with his family and will ensure early repatriation of mortal remains," it added. Mathews Mulackal is survived by his mother and three siblings.

"Mathew has been working there for the past 15 years. His wife is a nurse. The children are studying there. They left after their vacation on Thursday night from Nedumbassery and reached Kuwait on Friday," a relative told the media on Saturday.

Notably, this happened more than a month after a massive blaze at a building in Kuwait killed 46 Indian nations. Authorities say an electrical short circuit in the room of the guard on the ground floor of the building caused the blaze. Of the 196 residents in the housing facility, 175 are Indians, 11 are Filipinos and the rest are from Thailand, Pakistan and Egypt.