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Indian Express
35 minutes ago
- Indian Express
Karnataka truck operators withdraw strike as govt releases pending dues under Anna Bhagya
The Federation of Karnataka State Lorry Owners and Agents' Association on Tuesday withdrew its indefinite strike call after the government said it released Rs 244 crore in dues pending for transport operators under the flagship Anna Bhagya scheme. 'The government has given us in writing that the dues will be cleared in the next two days. So we have decided to withdraw the strike,' said G R Shanmugappa, president of the federation. An order issued by the Department of Food, Civil Supplies, Consumer Affairs and Legal Metrology, dated July 8, empowered the chief account officer of Bengaluru Urban zilla panchayat to release 244.1 crore in dues for truck operators. The protest, announced by the federation on Monday, had threatened to disrupt the supply of subsidised foodgrains to ration shops under the Congress government's scheme benefiting low-income families, potentially affecting food security in Karnataka. The truck operators had halted rice transportation under the scheme, citing unpaid dues of Rs 260 crore from February to June 2025. Shanmugappa had claimed that 3,500–4,000 drivers were affected, with some having pawned jewellery to meet fuel and other expenses and facing truck seizures by finance companies. The state government had promised payments to be made by June 19, but failed to clear the dues. Separately, the federation also demanded the rollback of the Rs 5/litre diesel hike, abolition of toll plazas on 18 highways in the state, return of Rs 25-Rs 30 crore tender deposits, cancellation of the Rs 15,000 renewal fee for older vehicles, and a 50 per cent discount on fines. The Opposition BJP has trained guns at the Congress government over the pending dues. Former chief minister Basavaraj Bommai said, 'The government has run out of money and they have no money to pay to the truck owners. The chief minister, deputy chief minister and the entire cabinet are busy saving their chairs. The government is dead and the people are waiting to throw them out.' Sanath Prasad is a senior sub-editor and reporter with the Bengaluru bureau of Indian Express. He covers education, transport, infrastructure and trends and issues integral to Bengaluru. He holds more than two years of reporting experience in Karnataka. His major works include the impact of Hijab ban on Muslim girls in Karnataka, tracing the lives of the victims of Kerala cannibalism, exploring the trends in dairy market of Karnataka in the aftermath of Amul-Nandini controversy, and Karnataka State Elections among others. If he is not writing, he keeps himself engaged with badminton, swimming, and loves exploring. ... Read More
Time of India
an hour ago
- Time of India
Shakti Pumps raises ₹292 crore via QIP
NEW DELHI: Solar pumps maker Shakti Pumps (India) Ltd on Monday said it has raised Rs 292.60 crore through Qualified Institutional Placement . The company issued 31.87 lakh shares to qualified institutional investors at Rs 918 per share, a 4.97 per cent discount to the Sebi floor price of Rs 965.96. The proceeds will be used to establish a high efficiency solar domestic content requirement (DCR) cell and solar PV modules manufacturing plant in Pithampur , Madhya Pradesh, through subsidiary Shakti Energy Solutions, with a production capacity of 2.20 GW, the company said in a statement. The in-house manufacturing of solar DCR cells will enhance backward integration and allow greater control over the entire value chain, thereby benefitting the company. " underscores the trust our investors have in our business model and growth strategy. We look to leverage these funds to advance our growth initiatives and enhance value for all stakeholders," Chairman Dinesh Patidar said. Madhya Pradesh-based Shakti Pumps manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors and other products. The company has two manufacturing facilities with a combined capacity of 5,00,000 pumps per year in India.
Time of India
an hour ago
- Time of India
Foundation stone laid for two Mudhalvar Padaipagam centres in Coimbatore
COIMBATORE: The Coimbatore corporation on Tuesday laid the foundation for two new 'Mudhalvar Padaippagam' centres in the city. These co-working spaces and learning centres are being developed at a cost of Rs 3.36 crore each in Prabu Nagar, Kavundampalayam, and at 4th Block in Ganapathy Maa Nagar. According to corporation commissioner M Sivaguru Prabakaran, each centre is planned as a two-storey building spanning 8,000 square feet. The ground floor, with a 5,000 sq ft area, will feature a study space with adequate materials for those preparing for competitive examinations. The first floor, planned in a 3,000 sq ft area, will house office and workspaces. These centres will be equipped with free Wi-Fi facilities and office cabins. The commissioner stated that the tentative deadline for completing both centres is December. He said, 'Depending on the requirements of visitors, more features like free training classes can be introduced in the future, similar to the initiative at the existing Knowledge Centre in Addis Street. The Knowledge Centre's timing, which was initially till 6pm, has been extended to 8pm. The same can be implemented at the upcoming centres based on demand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian Investors Are Buying These Dubai Apartments—Here's Why Binghatti Developers FZE Explore Undo Additionally, monthly passes can be offered for those using the working space.' Following the success of the Knowledge Centre, these new facilities are expected to attract more learners and professionals seeking office spaces. The foundation ceremony was attended by district collector Pavankumar G Giriyappanavar, Coimbatore MP Ganapathy P Rajkumar, mayor R Ranganayaki and the corporation commissioner.
