Economic slowdown: Automobile sector advised to be prepared to face the difficulties

coastaldigest.com news network
August 20, 2019

Mangaluru, Aug 20: Dakshina Kannada Automobile and Tyre Dealers Association, organized a seminar on ‘Economic Slowdown and Impact on Automobile Trade’ at the Meeting Hall of Kanara Chamber of Commerce & Industry (KCCI) in the city on Sunday.

Prof Venkatesh Amin, Head of MBA Department, Shree Devi Institute of Technology, was the moderator and chief resource person for the seminar. Office bearers and members of the association participated in the seminar. A. K. Raman, General Manager of Gabriel India Ltd., Delhi and KCCI Directors Maroor Rammohan Pai, Dinesh Rao and Palli Sadanand Shetty too participated.

K. G. Shenoy, patron, welcomed the gathering. “Today the automobile sector is in state of deep crisis. Automobile and tyre industry is at the Crossroads and this is a critical time for us to understand the changes taking place around us and visualize a new future,” he said.

Association Secretary K. Vilas Kumar delivered the keynote address. “Most of the factors responsible for slowdown in automobile sector are beyond our control. The government is trying to provide relief to the industry. But even the best relief measures will take time to show results. Hence we should be prepared to face the difficulties and come up with survival strategies,” Vilas Kumar observed.

Venkatesh Amin lead an interactive session to understand the present economic crisis, its causes and possible solutions. He also conducted some animated exercises and management games to demonstrate critical thinking, creative thinking, adapting to change, stimulating productivity etc. Various tips were given to the members to conserve cash and reduce exposure to debt. Athmika Amin proposed the vote of thanks.

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News Network
May 5,2020

Bengaluru, May 5: Life is limping back to a new normalcy in most parts of Karnataka with easing of Covid-19 induced restrictions yesterday as the State headed into the third phase of lockdown started since March 24.

According to the guidelines issued by the Centre, industrial activities, construction works, essential, non-essential shops, delivery of essential goods through e- commerce, courier and postal services, banking and agriculture activities, plying of four-wheelers and two-wheelers and inter-state movement of goods vehicles is permitted in all the zones, whereas buses are allowed to ply only in green and orange zone districts.

This apart, sale of liquor was also allowed at the designated shops. Police said vehicular movement is allowed only from 7am to 7pm for ordinary citizens.

Clarifying about the movement of people, Bengaluru police commissioner Bhaskar Rao tweeted, "From Monday you don't need a pass to move in Bengaluru between 7am and 7pm. After 7 pm and up to 7am the following morning, even if you have a pass you are not allowed to move except medical and essential service. Checkpoints will remain and your ID may be asked. Please be responsible." After the restrictions were lifted, heavy vehicular movement was witnessed in parts of Bengaluru leading to traffic jam in some areas.

Chikpet, which is the main trade area in Bengaluru, saw some activities.

With restrictions on public transport continuing, this unusually crowded place had very less footfall. "Movement of public is limited due to ban on public transport, such as city buses and Metro Rail.

"The trade activities are taking place between retailers," trade activist and joint secretary of Jain International Trade Organisation Sajjanraj Mehta said .

Select liquor shops in the city and other parts of the state pulled up shutters after being closed for about six weeks due to the lockdown with tipplers thronging them in huge numbers at many places.

Some traders in the city complained that they received notices regarding the Tax Deduction at Source for the month of April "thought here were no trading activities."

Meanwhile, Chief minister B S Yediyurappa announced on Monday that free bus service for migrant labourers, which is operating smoothly, has been extended till Thursday.

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News Network
April 11,2020

Bengaluru, Apr 11: Seven more people have tested positive for coronavirus taking the tally to 214 in the state.

"Coronavirus cases rise to 214 in Karnataka, with seven more people testing positive between 5 PM Friday and 12 PM Saturday," said the Karnataka health department.

According to the health department, all these seven people have a history of contact with COVID-19 patients. Five of them are workers of a pharmaceutical company in Mysuru.

"Out of the total cases in the state, six people have died while 37 others were cured or discharged," added the state health department.

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News Network
May 4,2020

Bengaluru, May 4: Former Karnataka chief minister HD Kumaraswamy on Sunday said that the health of the migrants who have been allowed to move, should not be jeopardized and appropriate tests must be conducted.

"The task was to send the workers to their places. However, their health should not be jeopardized. This decision made for their benefit should not be a travesty for them. There will also be physical interference on the buses and appropriate tests must be done," said Kumaraswamy.

"The lockdown, which was implemented without any prerequisites, is now loosened without warning. The state government, which has allowed migrant workers to move to the city, has mobilized large numbers of people. By this, the government is playing with their health," he added.

He continued saying that the government should not lose out on an unscientific move that resulted in the loss of thousands of crores of rupees from a custodial lockdown.

"Workers and villages must be sober. The government must take all necessary precautions in this regard," he added.

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