Commercial tax officer caught red handed by Lokayukta police

[email protected] (CD Network)
February 8, 2011

Mangalore, February 8: A government official was caught red-handed by Lokayukta officials on Tuesday, after he accepted bribe from a person.

Lokayukta Inspector Uday Nayak confirmed the raid saying that they are currently questioning commercial tax officer Somashekhar after arresting him at around 12:30 pm at his office situated near PWD office in the city.

The raid was carried out by Lokayukta sleuths led by their SP Jagamayyanavar while the accused was accepting a bribe of Rs 2,000.

More details are awaited.


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News Network
March 19,2020

Kodagu, Mar 19: One more person has tested positive for coronavirus in Kodagu on Thursday, taking the tally of confirmed cases in the state to 15.

The man has a travel history to Saudi Arabia.

"One person has tested positive for #COVID19 in Kodagu today; he has travel history to Saudi Arabia. He is being treated in an isolation hospital. Total number of positive cases reaches 15 in the state," said B Sriramulu, Karnataka Health Minister.

A total of 169 positive cases of coronavirus have been reported in India so far, the Union Ministry of Health and Family Welfare said on Thursday.

Globally, the virus has infected more than 184,000 people and killed more than 7500, as per the data available on the World Health Organisation website.

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News Network
April 8,2020

Davanagere, Apr 8: BJP MLA from Honnali constituency, MP Renukacharya, said that the government should not ignore those who attended Tablighi Jamaat event in Delhi and are escaping detection, and it is not wrong if the person is shot.

"Anyone who attended Tablighi meet, is not coming out for medical checkups and is escaping detection. The government should not ignore them. Even if he is shot, it is not wrong. Otherwise, the virus will spread throughout the entire country. In China it started with one person," Renukacharya said on Tuesday.

"We are suffering because someone is not coming for check-up. I request them to come voluntarily to the doctors and District Magistrates. Not all minorities are terrorists and not all of them are anti-nationals," he added.

A petition has been filed in the Supreme Court seeking direction for the government to impose a complete ban on all activities of the Tablighi Jamaat with immediate effect.

Over 1,000 coronavirus cases in India are linked to Tablighi Jamaat gathering. Hundreds of people who are related to Tablighi Jamaat have been quarantined.

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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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