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Karnataka Government to review industrial policy to increase investment |
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Tuesday, 17 June 2008 |
The new BJP government in Karnataka has announced that it would effect changes in the current Industrial Policy 2006-07 in the next three months to facilitate greater investment in the state.
The decision to review the policy comes in the wake of a fall in investments and manufacturing in the state during the last fiscal. In 2007-08, only 728 projects worth Rs 10,309 crore were cleared as compared to 881 projects worth Rs 11,954 crore approved in 2006-07.
Speaking to reporters during his first press conference, Industries Minister Murugesh Rudrappa Nirani said that all stakeholders would be consulted and industrial models in Gujarat, Maharashtra and Tamil Nadu will be studied before modifying the policy.
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Karnataka CM to lead all-party delegation to PM |
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Monday, 16 June 2008 |
Accusing the UPA Government of meting out "step motherly" treatment to Karnataka, Chief Minister B S Yeddyurappa on Sunday said he would soon lead an all-party and MPs delegation to Prime Minister Manmohan Singh to press for the long-pending demands of the state.
The demands included according classical language status to Kannada and special status to the under developed North Karnataka region.
The Centre, which approved classical language status to Tamil, did not consider the state's request for a similar status to Kannada despite repeated pleas by it, Yeddyurappa charged at a press conference here.
"People of Karnataka are losing their patience over the delay. The Centr should not treat our patience as weakness", he said.
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Karnataka BJP MLA's wife found dead in Delhi apartment |
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Monday, 16 June 2008 |
 Karnataka BJP MLA B Raghupathy Bhat's wife Padmapriya, who has been missing for the last five days, was found dead in an apartment in a south-west Delhi locality on Sunday in a suspected case of suicide, a senior Delhi Police official said.
The body of 33-year-old Padmapriya was found hanging from the ceiling of a room in 'Sama' apartment in Sector 10, Dwarka early on Sunday morning, a senior Delhi Police official said.
"It appears to be a case of suicide", he said. A senior Karnataka police official in Udupi said the legislator's wife committed suicide at the apartment in Delhi.
The Karnataka police had set up five special teams to trace Padmapriya who had gone missing since June 10.
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Karnataka Bank to raise share capital to Rs 200 cr |
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Thursday, 12 June 2008 |
Karnataka Bank plans to raise upto Rs 500 crore through the Qualified Institutional Buyers (QIB). The Mangalore-based private bank to facilitate this is increasing its share capital to Rs 200 crore from the current Rs 150 crore.
In addition to this, at a board meeting held today, the bank is going in for a Rights Issue. In a statement, Karnataka Bank said it has decided to issue equity shares to the existing shareholders on rights basis at a price of Rs 100 per share including the premium of Rs 90 per share in the ratio of one equity share for every five equity sharees held on the record date to be fixed in due course.
These decisions come in the wake of RBI recently rejecting Karnataka Bank's move to offload close to 5 per cent stake to IFC through preferential allotment by which the Bank would have raised close to Rs 140 crore.
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Centre to release 1.4 lakh tonnes of fertiliser for Karnataka |
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Thursday, 12 June 2008 |
The Centre has agreed to release 1.4 lakh tonnes of di-ammonium phosphate (DAP) fertiliser for Karnataka this month, 20,000 tonnes more than the state's estimated requirement.
The announcement came after State Chief Minister B S Yeddyurappa met Prime Minister Manmohan Singh and Fertiliser Minister Ramvilas Paswan in New Delhi on Wednesday night.
Karnataka has witnessed violent protests by farmers demanding fertilisers in recent days. On Tuesday, one farmer was killed in police firing at Haveri town.
"The Prime Minister gave a patient hearing and listened to the problem of fertiliser shortages in Karnataka," said Yeddyurappa in a statement on the outcome of his Delhi visit. "He expressed solidarity with the people of Karnataka and assured every possible effort to solve the fertiliser shortage crisis."
Yeddyurappa said Paswan assured supply of 1.2 lakh tonnes of DAP by June 20. Another 20,000 tonnes of the fertiliser will be made available by June 30.
Similarly, 1.1 lakh tonnes of complex fertilisers (supply for entire June) will be made available by June 20, said the Chief Minister.
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