The Karnataka government has decided to launch new medical colleges, despite the acute shortage of medical professionals. Karnataka government is yet to devise a concrete plan to tackle acute shortage of medical professionals for the launch of 11 new medical colleges in 11 districts of the state. Government officials said that they have come up […]
Continue Reading
Many buyers and sellers have not joined the app due to lack of awareness Not enough buyers and sellers have joined the Retail Direct Scheme launched by the Reserve bank of India (RBI). Experts say the lack of awareness among investors about the scheme, hinders the liquidity. Hence, ability of an investor to sell and […]
Continue Reading
SEBI can permit private equity companies to sponsor mutual funds as mentioned in the latest notice issued by the regulator. Mutual funds are apprehensive of Securities and Exchange Board of India’s (SEBI) new decision about making private equity (PE) funds as their sponsors. They believe that it will impact their decision-making powers as private equity […]
Continue Reading
Experts say the second-hand luxury goods market has the potential to become a large industry going into the future. Data presented by the Statista shows that net sales of second-hand luxury goods from online websites have gone up by 82 percent while net sales from retail stores have slightly gone down by 15 percent in […]
Continue Reading
MPLAD scheme is used more for non developmental projects instead of creating durable community assets. Only 48 percent of funds under Member of Parliament Local Area Development scheme (MPLAD) have been used. Each Member of Parliament (MP) in Bengaluru received Rs 12 crores in 2018-2019, of which around Rs. three crores have been used as […]
Continue Reading
People of rural Karnataka have no choice but to travel to courts in the city. The 15-year old Gram Nyayalaya Act remains on paper. There is not a single gram nyayalaya functioning in Karnataka. Several notifications have been issued by the Supreme Court and the High Court of Karnataka to the state government to establish […]
Continue Reading
Street vendors are left out of welfare loan schemes because the BBMP has not done a survey to issue business licenses. Street vendors in Bengaluru are facing difficulty in receiving licenses to run businesses from Bruhat Bengaluru Mahanagara Palike (BBMP). BBMP has not conducted a survey to identify the street vendors, and give them licenses […]
Continue Reading
Banks are working on facilitating inter-banking transactions to aid the new digital currency. Banks are in the process of updating their systems to facilitate transactions in the new digital currency. The banks have focused on enabling this system to current account holders like business people first, as their transaction volume is large. Pooja Chawla, Deputy […]
Continue Reading
Government is planning to shut down the MSGP tech park because of several accidents caused due to lack of traffic police. In a recent incident involving a garbage truck, two people were killed. Bruhat Bengaluru Mahanagara Palike (BBMP) plans to shut down the Material Solutions for Green Planet (MSGP) tech park in Chighurenhalli. Parashuram, BBMP […]
Continue Reading
Commercial gas cylinders are now expensive as discounts have been removed Cloud kitchens that were using discounted commercial gas cylinders can no longer afford them and have had to shift to domestic gas cylinders for their business. Sangeeth, who owns a cloud kitchen in Chennai said, “Commercial gas cylinders were expensive even after discount in […]
Continue Reading