Waive electricity, water bill, industries tell government
Waive electricity, water bill, industries tell government
ByY Maheswara ReddyY Maheswara Reddy / Updated: May 27, 2021, 06:00 IST
A BBMP marshal keeps vigil as citizens queue up to collect free food being distributed by an NGO near KR Market on Wednesday. Authorities ensured there was no violation of covid regulations
Federation of Karnataka Chambers of Commerce and Industry wants the state government to reimburse salaries of employees for three months; start operations in green zones
Fhe Federation of Karnataka Chambers of Commerce and Industry (FKCCI) on Wednesday submitted a memorandum to Chief Minister BS Yediyurappa, seeking permission to open
KASSIA tables demands before Chief Minister Yediyurappa
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AAA In view of the pandemic intensifying and crippling the functioning of small-scale industries in the State, trade body KASSIA (Karnataka Small-Scale Industries Association) on Monday approached Chief Minister B.S. Yediyurappa with a bunch of demands.
Seeking direct support from the government for the SME sector, it requested him to withhold any plans to hike power tariff for one year and also asked for the cancellation of fixed charge (electricity) scheme for six months for all categories of industries.
It also demanded working capital for industries at 4% interest and the postponement of inspections for six months.
Help us pay salaries, Kassia urges Nirmala Sitharaman
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The Karnataka Small Scale Industries Association (Kassia) has urged the Union government to provide direct financial grants to small and medium enterprises (SMEs) by paying 50% of the salaries of these units at least for the next three months.
“This will not only help keep these units and their employees alive but will also stimulate the economy in multiple ways,” the industry body wrote to Union Finance Minister Nirmala Sitharaman.
In the absence of a quick and targeted one-time cash infusion into the sector, some 25 to 30 per cent of the SMEs in Karnataka employing lakhs of people may completely go out of business, it cautioned.
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Trade body says economy showing signs of revival will tumble again
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Every day, Karnataka earns around ₹1,000 crore in terms of exports, local sales, GST collection, Excise, and other duties, according to FKCCI.
Trade body says economy showing signs of revival will tumble again
The fortnight-long lockdown will bring revenues down by 80% and the economy that has been seeing slight signs of recovery in the last three months will tumble again, according to trade body FKCCI. “Every day, Karnataka earns around ₹1,000 crore in terms of exports, local sales, GST collection, excise and other duties. Some 80% of our revenues will be lost during this lockdown,” said Perikal Sundar, president, FKCCI.
‘Hangry’ customers, employees all over
ByY Maheswara ReddyY Maheswara Reddy / Updated: Apr 10, 2021, 06:00 IST
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The 11-day covid curfew from Saturday is set to have an adverse impact on the manufacturing industry and the hospitality sector, affecting the livelihoods of thousands of people in
Bengaluru. Chief Minister
BS Yediyurappa on Thursday announced that the curfew will be in force between 10 pm and 5 am from Saturday.
According to PC Rao, president, Bruhat Bengaluru Hotels Association, the hospitality segment in Bengaluru is on the recovery path but the proposed curfew will come as a disaster. “Citizens go to hotels after 9 pm. Where will they have dinner now?’’ said Rao. Terming the proposed curfew as not only unscientific but also unnecessary, Rao said many ice cream parlours and juice centres remain open to serve