KARNATAKA BILL
Karnataka Deputy CM Parameshwara writes to PM Modi, seeks Ninth Schedule Protection for enhanced SC/ST quota
Karnataka's Deputy Chief Minister G Parameshwara has written to Prime Minister Modi for constitutional amendments regarding SC/ST reservations. This request follows a High Court judgement that struck down increased reservation percentages for SCs and STs. The Deputy Chief Minister cited Tamil Nadu's precedent of reserving 69 percent and noted the unchanged reservation since 1958. He urged meaningful consultations with National Commissions for Scheduled Castes and Scheduled Tribes.
India’s election calendar needs a reset. Is 'One Nation, One Election' the answer?
India frequently holds elections, affecting the government’s ability to implement long-term reforms effectively. Competitive populism emerges as states pursue similar welfare programs to match opponents’ promises. The proposal for 'One Nation, One Election' aims to increase political efficiency and reduce costs associated with separate elections. Challenges remain regarding early dissolution of assemblies and maintaining state-specific issues. Achieving synchronization by 2034 requires careful planning, political consensus, and public trust.
Milk & money: What’s making India’s daily dose of doodh more expensive?
Amul and Mother Dairy have recently raised milk prices by Rs 2-4 per litre to address higher production costs. Karnataka's Nandini also increased prices in early November to enhance farmer earnings. Rising expenditures for fodder, cattle feed, and operational costs have pressured dairy companies. Although India remains the largest milk producer, growth rates have slowed, affecting supply dynamics.
Diwali shopping gets costlier this year: From milk, ghee, butter to dry fruits, here's why festive buying is burning a hole in your pocket
Milk and ghee prices: Rising costs of key ingredients are affecting both consumers and manufacturers during this Diwali season. Dairy prices have seen significant increases, with major brands raising their rates amid high demand. Additionally, dry fruit prices have surged, reaching record highs over the past year. Corporate gifting has also become more expensive, forcing companies to reduce their gift quantities or opt for smaller packages.
Karnataka: At IKEA store launch, Shivakumar seeks more jobs for Kannadigas
Chief Minister DK Shivakumar inaugurated IKEA's second store in Bengaluru, urging the company to prioritize local hiring. He emphasized the need for greater employment opportunities for Kannadigas within the private sector. Additionally, Shivakumar encouraged IKEA to strengthen ties with Karnataka's small and medium enterprises for sourcing furniture.
Kannada groups defy CM DK Shivakumar’s request, visit IT firms demanding hiring data
The visits are part of Kannada Rakshana Vedike's Agraha Abhiyana, a campaign focused on local employment in the private sector. The visits defy Chief Minister DK Shivakumar’s request that pro-Kannada outfits must not take the law into their hands and create problems at IT companies.
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Kannada activists visit Bengaluru IT firms, seek data on local hiring
Kannada activists are actively engaging with IT firms in Bengaluru regarding local employment statistics and hiring practices. They are gathering information about the number of Kannadigas employed and recruitment trends in these companies. The activist group plans to protest if companies refuse to share this requested information. Chief Minister DK Shivakumar has stated the government will investigate complaints about local hiring discrimination.
Karnataka govt pauses circular on medicine price disclosure by hospitals
In a significant move, the Karnataka government declared it would not proceed with a disputed circular aimed at mandating hospitals to disclose medicine pricing information. This decision emerged during a High Court review related to the circular's compliance and repercussions. The proposal required hospitals to clearly present procurement costs, MRP, and patient billing in their invoices.
Rs. 15 lakh crore of revenue, questioned by authorities – and the real worry was where the cash went
A company can report a loan, an advance, or an investment even after the cash has moved beyond its control. Sometimes the explanation is legitimate. Sometimes the money has been used for a purpose shareholders never approved. How does this happen?
These large-, mid- and small-cap stocks can give more than 20% return in 1 year, according to analysts
Here’s one thing that is worth clarifying, because it is in the headlines. Large global technology companies have been announcing heavy spending on AI, and there has been some correction in those stocks because of it. It is natural to worry that this will spill over into the Indian market. It most likely will not.
MLC results are out, but how does the election work? Who votes, how are members chosen?
In the recent Legislative Council elections, the BJP secured 13 seats across multiple states including Uttar Pradesh and Bihar. The Samajwadi Party and NCP followed with five and two seats respectively, while other parties earned one seat each. MLC elections differ significantly from Assembly elections, as they are not decided by a direct vote from the general public. Members are chosen through various categories, including local authorities and graduates’ constituencies.
Karnataka's DK Shivakumar warns Bengaluru IT firms of action over alleged bias against Kannadigas
Chief Minister DK Shivakumar expressed concern over job discrimination against Kannadigas in technology companies. He highlighted the seriousness of complaints regarding biased recruitment practices in Bengaluru. His statements came after a viral video showcasing the issue and prompted a wider online discussion. The government intends to take appropriate action against firms found to be discriminating against local candidates.
Great Eggspectations: Brown, free-range, omega-3 or protein-rich? What’s really worth paying for in an egg
India’s premium egg market is growing as health-conscious consumers pay more for free-range, cage-free and nutrient-enriched varieties. But higher prices do not always mean better nutrition. While farming practices and specialised feed can raise costs, experts say unclear labelling and limited verification make it difficult for consumers to assess what they are paying for.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up 32%, according to analysts
History tells us that there is no way you can time the markets or predict its movement. But one thing can certainly be said: If the macro matrix, which at this point of time is being determined by oil prices globally, stays disturbed, the bears will rule the street for some more time.
Karnataka to track doctors’ night-time attendance through geofencing app from November 1
Karnataka government will implement a geofencing-based attendance system for its officials starting November 1, 2026. This initiative requires doctors at taluk hospitals and PHCs to mark attendance using the Kartavya app. Those on leave or with official duties outside their headquarters will be exempt from this requirement. Officials failing to comply without permission will face disciplinary actions under civil service rules.
These large- and mid-cap stocks can give more than 20% return in 1 year, according to analysts
The next few weeks are critical, and one should not be in a hurry to make market-related decisions. Better to be cautious – to wait and watch. Let the picture become a little clearer before you act.
Insurers may face higher crop cover claims in Andhra Pradesh, Maharashtra, Karnataka
In Maharashtra, insurers' liability could be capped at Rs 1,540 crore before the state government takes over claims beyond that level. The state has declared drought-like conditions in 265 talukas, raising concerns over this year's losses.
Canada-based senior citizen faced income tax liability of ₹83.2 lakh as STCG; here's why he wins at ITAT Bengaluru on technical ground
A recent ITAT ruling highlights the critical importance of following proper legal procedures in income tax reassessment cases. When a taxpayer living abroad was given only five days to respond, rather than the legally required seven, the tribunal quashed the notice and subsequent reassessment. This decision underscores vital procedural safeguards for taxpayers in similar situations.
SBI refused to close higher fee credit card given to woman who asked for cheaper one; charged Rs 2,999 instead of Rs 499; SBI Card ordered to pay Rs 50,000
A Delhi consumer commission has ordered SBI Card to pay Rs 50,000 to a cardholder who asked for a cheaper credit card and was refused. The company has also been told to close the card and issue a bill as on 4 August 2023.
SIR row: Former Bengaluru Police chief, ex-BJP candidate seeks probe into Dhruv Rathee’s visa status
Bhaskar Rao has requested the Union Home Ministry to verify Dhruv Rathee's citizenship and immigration status. This request follows Rathee's participation in a protest against the Election Commission of India. Rao expressed concerns about foreign nationals participating in organized political demonstrations in India.
JPC to reach out to youth, institutions on Education Bill
The panel, headed by BJP MP D Purandeswari, has held consultations in Kolkata, Goa and Bengaluru to understand what students and young people want from higher education institutions and the proposed new regulatory framework.
Government tracks fertiliser diversion through e-way bills as supply fears rise
The government has implemented a strategy to use e-way bill data to monitor subsidised fertiliser movement. Concerns over fertiliser supply due to the Iran war have prompted the Finance Ministry's analysis of trucking routes. Reports of route deviations and illegal unloading emphasize the significance of tracking fertiliser distribution. Increased enforcement has resulted in thousands of raids and notices against violators across India.
Farmers say no to early sugarcane crushing, demand compensation and higher sugar, ethanol prices first
Farmers' organizations in Maharashtra and Karnataka are resisting the government's early sugarcane crushing proposal. They demand compensation for low recovery and higher prices for sugar and ethanol. A meeting with Union Food Minister Pralhad Joshi has been scheduled to discuss these concerns. Crushing immature sugarcane may lead to substantial financial losses for both farmers and sugar mills.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 20%
In times like these, the market will have its green and red days. What matters, however, is not the colour of a single day, but the things underneath it: The central bank, the fund flows, and, above all, corporate earnings. Watch those, stay patient, and forget the daily noise.
Strong macro show takes shape in Q2 before festive rush
India's economy is experiencing significant growth, highlighted by a 14.7% increase in goods and services tax collections in September. Car sales surged by 21% year-on-year, indicating strong consumer demand during the festive season. Manufacturing activity is robust, contributing to a rise in the HSBC Purchasing Managers Index to a seven-month high.
Employers face compliance hurdles as states delay notification of Labour Code rules
Ten states and union territories have formally adopted some Labour Codes, creating compliance challenges for companies. Major industrial states like Karnataka and Tamil Nadu have delayed notifying rules, causing confusion for employers. Inconsistencies between central and state rules complicate adherence to labour laws.
Karnataka flags 52x mark-up on cancer drugs, seeks Centre's intervention
Karnataka conducted inspections revealing significant price disparities between hospital procurement and patient billing for cancer drugs and medical devices. The state government has urged the Centre to implement transparency in pricing and regulate trade margins for essential medicines. Mark-ups observed ranged from 10 to over 52 times the actual procurement costs for various items.
Panel proposes raising RBI's ways and means advances corpus by 11.2% to Rs 67,839 crore
The panel has also recommended an annual review of the WMA corpus capping annual upward revision at 4%. The extent of upward revision could be based on the last three years of accounts while there would be no reduction in the existing limit.
Bank holidays in October 2026: Gandhi Jayanti, Dussehra, Durga Puja, and more; check full list
In October 2026, Indian banks will observe several holidays coinciding with major festivals like Dussehra and Chath Puja. The Reserve Bank of India's holiday calendar outlines these closures, which vary by region due to local traditions. While physical branches might be closed, online banking services will still be operational, providing customers the convenience to manage their finances during the festive period.
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