Kerala: India's first Islamic bank gets RBI approval

Mangaluru, Feb 1: Rotary Club of Mangalore city team represented by Rtn. Dr. Ranjan Rao and Rtn. Sumith Rao duo bagged the 14th Annual prestigious Rotary Quiz Trophy by securing 380 points. The Rotary Club of Vijayanagar Mysore represented by  Rtn. H.M. Harish secured 370 points and was declared runners up.

Rotary Club of Mangaluru central as a part of Rotary movement awareness campaign conducted their 14th Annual “Dist. Level Inter Club Rotary Quiz”  contest on Friday 31.01.2020 at Hotel Ocean Pearl Hall, Mangaluru. The Quiz was based exclusively on Rotary related affairs, matters and issues.

Chamarajnagar City based Eminent Pediatrician and Rotary past Dist. Governor Rtn. Dr.R. Nagarajun  graced the occasion as Chief Guest, in is address he lauded the  invaluable contributions of Dr. Rai to the Rotary Movement and congratulated on his achievements.  Later he awarded the Rotary Glittering Trophy, Certificates and Cash prizes of R.3,000 to the Winners and Runners up and congratulated them on their unique achievements.

13 Teams from Mangaluru, Bykampady, Panamburu, Deralaktte, Puttur, Mysore, participated in this contest. Rtn. Dr. Devdas Rai was the Quiz Master and officiated the closely contested  quiz contest. Asst. Governor Zone-2  Rtn. Geethanand Pai was the guest of honour he released the weekly club news bulletin “Centor”. Club President Rtn. Dr. Jayaprakash Poonja presided over the function. Secretary Rtn. K.M. Hegde presented the monthly report. Rtn. Prakash Chandra proposed the vote of thanks.  The event was sponsored by Chairman and Managing Director of Athena Hospital Rtn. Raviraj Shettiyan and Eminent Chartered Accountant C.A. Nithin Shetty.

Bengaluru, Jun 26: Karnataka's Commercial Taxes Department has sealed off an undeclared warehouse with imported goods worth Rs 4 crore in Bengaluru and found 60 GST registrations linked to a Chinese national from Wuhan.

The tax department officials found 25,446 China-made electronic and fast-moving consumer goods worth Rs 4 crore stored in the warehouse which was not declared to the tax authorities.

Commissioner of Commercial Taxes MS Srikar said in a statement that the officers noticed that one person from Wuhan City, China, got the premises in Bengaluru on lease.

They also found that about 60 registrations (both central and state jurisdictions) under the GST Act, in the name of a number of persons for online trading of imported China-made goods, had a single address which was vacant.

Most of the registrations were found irregular in the filing of returns and payment of tax. Majority of the firms either filed nil returns or were non-filers. The registration data showed that one business was registered in 2017-18, 43 in 2018-19, 14 in 2019-20 and two in 2020-21. Most of the 60 firms were private limited companies and 24 persons were interchangeably directors in 58 firms.

At the time of raid, neither the lessee, the Chinese national, nor any of the other 59 registered taxable persons were available at the business premises and no one came forward to participate in the proceedings in spite of providing sufficient time.

It is learnt that the Chinese national is operating the business from Wuhan City since January 2020 with the assistance of some of his agents/employees in Bengaluru.

It has also been learnt that multiple registrations are being taken for a better rating on e-commerce platforms, Srikar said.

The raids were led by Nitesh K Patil, Additional Commissioner, Enforcement, South Zone.
The Commercial Taxes Department is closely watching the genuineness of newly registered persons and conducting post-registration verification visits.

Any registration taken with mala fide intention of evading taxes will be dealt with seriously, the Commissioner said. 

Bengaluru, May 29: Seven out of ten (72 per cent) workers in Karnataka reported having lost their employment during the COVID-19-induced lockdown, according to findings of a survey by Azim Premji University, in collaboration with ten civil society organisations.

The university said in a statement it conducted "a detailed" phone survey of 5,000 workers across 12 states in the country, to gauge the impact of the COVID-19 lockdown on employment, livelihoods, and access to government relief schemes.

The survey covered self-employed, casual, and regular wage and salaried workers and it released the findings for Karnataka on Thursday.

Seventy-six per cent of urban workers and 66 per cent of rural workers lost their employment, the survey findings said.

For non-agricultural self-employed workers and wage workers, who were still employed, average weekly earnings fell by two-third.

More than four in ten salaried workers (44 per cent) saw either a reduction in their salary or received no salary during the lockdown.

Six out of ten households reported that they did not have enough money to buy even a weeks worth of essential items, according to the survey.

Eight out ten households reported a reduction in food intake, while less than three in ten vulnerable households (27 per cent) in urban Karnataka received any form of cash transfer from the government, it said.

In summary, the disruption in the Karnatakas economy and labour markets is enormous. Livelihoods have been devastated at unprecedented levels during the lockdown.

The recovery from this could be slow and very painful, the statement said.

As a response to the findings of this survey, the team which has conducted the survey suggested a universalisation of the PDS to expand its reach and implementation of expanded rations for at least the next six months.

It suggested cash transfers equal to at least Rs.7000 per month for two months, and proactive steps like expansion of MGNREGA, introduction of urban employment guarantee, and investment in universal basic services, among others.