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Siddaramaiah responsible for closure of bars on NHs in city: Kumaraswamy

DHNS
July 6, 2017

Bengaluru, Jul 6: JD(S) leader H D Kumaraswamy on Wednesday held Chief Minster Siddaramaiah responsible for the closure of bars along national highways within Bengaluru city.hdk

The Supreme Court order on the closure of bars came in December last year. The chief minister, who also holds the Excise portfolio, was, however, in a deep slumber for six months. He held the first meeting with the owners of liquor shops and officials only on Tuesday. Revenue loss to the state exchequer due to the closure of bars is estimated at Rs 5,000 crore per annum, if the bars remain closed permanently, he told reporters. The JD(S) leader was speaking after meeting the party workers at JP Bhavan here.

The government has already announced farm loan waiver. “How will it mobilise resources to implement the loan waiver if the bars are closed permanently? Is this the way to run the government? He (chief minister) is only issuing irresponsible statements against Opposition parties,” the former chief minister said.

Kumaraswamy also accused the ruling party of mobilising funds for the next Assembly elections. “We have come to know that the government is meddling with the preparation of 2031 master plan of Bengaluru.

Permission is being given recklessly for change of land use around Bengaluru. The chief minister is letting down the interest of the state, he charged.

Probe sought

Kumaraswamy demanded that the state government should order a probe into irregularities in the Energy department, especially in bidding for solar power generating units and power purchase. Though a legislature committee has been set up to look into irregularities in the department in the past 10 years, it is unlikely to bring out the truth, he added.

The total debt accumulated by the five electricity supply companies because of purchase of power is Rs 16,000 crore, he said.

‘CM under illusion’

Kumaraswamy said performance of the JD(S) in the byelections to various wards of urban local bodies has proved that the party is a force to reckon with in the state. The ruling party has lost badly. “The Congress candidate in a Mysuru City Corporation ward has lost his deposit in the bypoll. Still, chief minister thinks that the Congress will come back to power in the next Assembly elections. This clearly shows that the chief minister is under illusion,” he added.

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Raees
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Sunday, 9 Jul 2017

Ram jetmalani says ram doesn't exists at all.

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News Network
June 26,2020

Bantwal, Jun 26: A day after expressing gratitude for the overwhelming response from students for the SSLC examinations, Karnataka Minister for Primary and Secondary Education S Suresh Kumar on Friday took to Twitter to laud a student who didn’t let his physical hurdles deter him from writing the examination.

Sharing image of the student, Kaushik, who wrote the SSLC examination at Bantwal’s SVS High School, the Minister said that he was taken aback by the boy’s spirit for writing the exam independently without relying on anyone’s help. Such individuals give new meaning to life. Others should learn from this.

In the picture, Kaushik is seen seated on the floor and using his toes to write answers.

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News Network
January 15,2020

Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.

In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.

Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.

"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.

With an average of $21 million, the ticket size value of funding increased by 15% in 2019.

Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.

"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.

According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.

"Nevertheless, the investment activity is expected to rise in 2021," said the report.

The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.

With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.

The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.

The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.

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News Network
May 2,2020

Mangaluru, May 2:  Karnataka Pradesh Congress Committee Spokesperson P V Mohan on Saturday urged the district administration to find the source of coronavirus in Dakshina Kannada (DK) district.

He asked the district administration to ascertain from where a woman from Bantwal's Kasba contracted virus on April 19.

''We do not want to convert Dakshina Kannada into Nanjangud,'' Mr Mohan said referring to the mysterious case of Patient 52 from Nanjangud who has been identified as the main source of virus to the rest of the positive individuals in Nanjangud.

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