Karnataka Economy
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Karnataka Government Closes-In On Deal With Foxconn For 2 Projects
The Karnataka government on Wednesday said it has signed a Letter of Intent (LoI) with Foxconn, a major iPhone assembler for tech giant Apple, to undertake two marquee projects in the state with an estimated investment worth Rs 5,000 crore.
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Court Rejects Xiaomi's Challenge To $676 Million Asset Freeze: Report
A court in Karnataka has rejected China-based Xiaomi Corp's petition challenging the seizure of 55.51 billion rupees ($676.35 million) by the Enforcement Directorate, news website Live Law reported today.
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Income Tax Case: No Coercive Action Against Flipkart Till February 24
Flipkart India had filed two writ petitions challenging the demand notices issued on January 31, 2023 for the assessment years 2016-17 and 2018-19.
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Ministers' Panel Likely To Suggest Withdrawal Of Exemptions To Select RBI Services
Ministers' panel on rate rationalisation is likely to suggest withdrawal of exemptions given to hospitals with room rates more than Rs 5,000 per day
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Government Looking To Fill Economic Affairs Secretary's Post As Incumbent Unwell: Report
Ajay Seth, the 1987-batch Karnataka cadre IAS officer who currently holds this charge, has been detected with a serious illness
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GST Council May Consider Raising Lowest Slab To 8%, Rationalise Structure
GST council may look at raising the lowest tax slab to 8 per cent, from 5 per cent and prune the exemption list in the regime
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Decision On Petrol Tax Cut After Reviewing State's Economy: Karnataka Chief Minister
Karnataka Chief Minister Basavaraj Bommai on Sunday said that the government will decide on reducing the petrol price by effecting a tax cut, after reviewing the state's economy.
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Government Forms Two Panels To Rationalise GST Slabs, Cut Evasion
Finance Ministry has set up two panels which will look into issues like rationalisation of GST slabs and easing compliance for tax payers.
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Government Overhauls Petroleum Reserve Policy To Boost Private Interest: Report
India also plans to build strategic storage at Chandikhol in Odisha and Padur in Karnataka for around 6.5 million tonnes of crude to provide an additional cover of 12 days of net oil imports
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Centre Gives Revenue Deficit Grant To 17 States
The 15th Finance Commission had recommended a total revenue deficit grant of Rs 1,18,452 crore to 17 states in 2021-22.
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Net Subscribers Under EPFO Went Up By 13.7% in April 2021 Over Previous Month
As per EPFO provisional payroll data, the number of exits in April slid by 87,821 and rejoining went up by 92,864 subscribers compared to March, 2021.
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Government Gives Revenue Deficit Grant To 17 States For 2021-22
A total of Rs 1,18,452 crore in terms of grant has been suggested by the 15th Finance Commission for 2021-22, to 17 states.
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"Speed Booster", "Aatma Barbaad": How Karnataka Leaders Reacted To Budget
The 2021-22 union budget evoked responses on expected lines in Karnataka on Monday with Chief Minister BS Yediyurappa saying it has come as a catalyst that can revive the sluggish economy and opposition leaders slamming it as "Aatma Barbad" "Aatma Vanchane".
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Karnataka To Push For Tech Investments At Bengaluru Technology Summit
Karnataka is hoping to generate investment with a major tech event planned for later this month even as the country and the economy reels under the effects of the coronavirus pandemic.
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Karnataka Government Effectively Responding To Flood Situation: BS Yediyurappa
The Karnataka government was effectively responding to the havoc caused by heavy rains and floods successively battering the state,with relief and rescue work on in affected areas and was confident of revival of the economy, Chief Minister BS Yediyurappa said here on Saturday.
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Karnataka Government Closes-In On Deal With Foxconn For 2 Projects
The Karnataka government on Wednesday said it has signed a Letter of Intent (LoI) with Foxconn, a major iPhone assembler for tech giant Apple, to undertake two marquee projects in the state with an estimated investment worth Rs 5,000 crore.
-
Court Rejects Xiaomi's Challenge To $676 Million Asset Freeze: Report
A court in Karnataka has rejected China-based Xiaomi Corp's petition challenging the seizure of 55.51 billion rupees ($676.35 million) by the Enforcement Directorate, news website Live Law reported today.
-
Income Tax Case: No Coercive Action Against Flipkart Till February 24
Flipkart India had filed two writ petitions challenging the demand notices issued on January 31, 2023 for the assessment years 2016-17 and 2018-19.
-
Ministers' Panel Likely To Suggest Withdrawal Of Exemptions To Select RBI Services
Ministers' panel on rate rationalisation is likely to suggest withdrawal of exemptions given to hospitals with room rates more than Rs 5,000 per day
-
Government Looking To Fill Economic Affairs Secretary's Post As Incumbent Unwell: Report
Ajay Seth, the 1987-batch Karnataka cadre IAS officer who currently holds this charge, has been detected with a serious illness
-
GST Council May Consider Raising Lowest Slab To 8%, Rationalise Structure
GST council may look at raising the lowest tax slab to 8 per cent, from 5 per cent and prune the exemption list in the regime
-
Decision On Petrol Tax Cut After Reviewing State's Economy: Karnataka Chief Minister
Karnataka Chief Minister Basavaraj Bommai on Sunday said that the government will decide on reducing the petrol price by effecting a tax cut, after reviewing the state's economy.
-
Government Forms Two Panels To Rationalise GST Slabs, Cut Evasion
Finance Ministry has set up two panels which will look into issues like rationalisation of GST slabs and easing compliance for tax payers.
-
Government Overhauls Petroleum Reserve Policy To Boost Private Interest: Report
India also plans to build strategic storage at Chandikhol in Odisha and Padur in Karnataka for around 6.5 million tonnes of crude to provide an additional cover of 12 days of net oil imports
-
Centre Gives Revenue Deficit Grant To 17 States
The 15th Finance Commission had recommended a total revenue deficit grant of Rs 1,18,452 crore to 17 states in 2021-22.
-
Net Subscribers Under EPFO Went Up By 13.7% in April 2021 Over Previous Month
As per EPFO provisional payroll data, the number of exits in April slid by 87,821 and rejoining went up by 92,864 subscribers compared to March, 2021.
-
Government Gives Revenue Deficit Grant To 17 States For 2021-22
A total of Rs 1,18,452 crore in terms of grant has been suggested by the 15th Finance Commission for 2021-22, to 17 states.
-
"Speed Booster", "Aatma Barbaad": How Karnataka Leaders Reacted To Budget
The 2021-22 union budget evoked responses on expected lines in Karnataka on Monday with Chief Minister BS Yediyurappa saying it has come as a catalyst that can revive the sluggish economy and opposition leaders slamming it as "Aatma Barbad" "Aatma Vanchane".
-
Karnataka To Push For Tech Investments At Bengaluru Technology Summit
Karnataka is hoping to generate investment with a major tech event planned for later this month even as the country and the economy reels under the effects of the coronavirus pandemic.
-
Karnataka Government Effectively Responding To Flood Situation: BS Yediyurappa
The Karnataka government was effectively responding to the havoc caused by heavy rains and floods successively battering the state,with relief and rescue work on in affected areas and was confident of revival of the economy, Chief Minister BS Yediyurappa said here on Saturday.
