Latest news with #Siddarmaiah
Economic Times
31-07-2025
- Business
- Economic Times
Karnataka announces Rs 1,000 crore Quantum Mission, VC fund for startups
Agencies The Karnataka government on Wednesday launched a Rs 1,000 crore Quantum Mission with a vision to build a $20 billion quantum economy by 2035. Chief minister Siddaramaiah said a Quantum Technology Task Force will guide policy, while dedicated quantum parks, manufacturing zones, and Q-City will foster innovation in the state. The state will also launch a Quantum Venture Capital Fund to back over 100 startups and help generate 100 patents to create two lakh jobs in the sector. Siddarmaiah said with a vision to be the 'Quantum Capital of Asia,' Karnataka's roadmap is built on the five pillars of talent development, research and development (R&D) pilots, infrastructure, industry support, and global partnerships. He was speaking during the two-day Quantum India Bengaluru 2025 summit, co-organised by the Department of Science & Technology and IISc. In its Quantum roadmap, Karnataka also announced the establishment of India's first Quantum Hardware Park, four innovation zones, and a dedicated fabrication facility to boost domestic manufacturing of quantum components.'By 2035, we aim to create 10,000 high-skilled jobs and establish Karnataka as the Quantum Capital of Asia,' the CM emphasised. To foster a holistic ecosystem, the state government will also introduce quantum skilling programmes in 20 colleges and 150 PhD state government aims to develop 1,000-qubit quantum processors and pilot applications in healthcare, cybersecurity, and defence, with active applications in governance. The state's science and technology minister, NS Boseraju, said a quantum chip fabrication capability will be operational by the initiative comes at a time when 2025 is being observed globally as the International Year of Quantum Science and Technology. CM Siddarmaiah stressed that quantum tech will not only drive economic growth but also improve governance, secure communication, smarter agriculture, and early disease added that the state government has already demonstrated its commitment to this technology by establishing a Quantum Research Park at IISc, Bengaluru. This facility has supported over 55 R&D projects and 13 startups while training more than 1,000 quantum experts annually. "To sustain this momentum, our government has sanctioned an additional grant of Rs 48 crore," he added. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. US tariff hike to hit Indian exports, may push RBI towards rate cuts Zomato delivered, but did the other listed unicorns? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Trump tariffs: End of road or a new journey ending Russia reliance? As rates slide, who will grab the savings pie? MFs, insurers? Is it time for Tim Cook to bid bye to Apple? Regulators promote exchanges; can they stifle one? Watch IEX Stock Radar: Down over 20% from highs! Varun Beverages stock showing signs of trend reversal – time to buy?
New Indian Express
13-06-2025
- Business
- New Indian Express
16th Finance Commission meet in Delhi today; Karnataka CM to raise tax devolution
BENGALURU: Chief Minister Siddaramaiah, who had recently skipped a crucial meeting of the Niti Aayog on May 24, will meet the 16th Finance Commission in New Delhi on Friday. The CM will pitch for change in criteria for the devolution of funds from the Centre to the State. He held talks with the top brass of the Finance Department on Wednesday. According to sources, the CM will appeal to the Commission to recommend restoration of the State's share of 4.713 per cent, which was reduced to 3.647 per cent in the 15th Finance Commission, causing a loss to the tune of Rs 79,770 crore for a period between 2021-2026. Even as the Commission had recommended a state-specific grant of Rs 11,495 crore, including for the peripheral ring road and development of tanks in Bengaluru, the Centre did not release the funds. Siddarmaiah may take up this issue with the Commission and urge that instead of recommending the state-specific grants, recommend grants based on tax collection efforts, in particular the GST, of the State. During the Commission's visit to Karnataka, the CM had presented a memorandum urging the Centre to share the cess and surcharges with the State by bringing them into the divisible pool. Siddaramaiah would insist that the Centre scrap the policy of revenue deficit grants to the States, those that present deficit budgets, according to a source. Karnataka had reportedly sought higher weightage for the 'efficiency criteria over the equity criteria' in its presentation before the 16th Finance Commission panel. While equity criteria have income distribution, population, and area among others, the efficiency criteria have demographic performance and tax collection effort. Karnataka has also sought inclusion of the State's contribution to the GDP in the efficiency criteria while deciding on the devolution of funds to states.
Deccan Herald
06-06-2025
- Deccan Herald
Karnataka High Court grants protection from arrest to Karnataka Cricket Association management
Bengaluru: Karnataka High Court directs that no precipitative steps be taken against management of Karnataka State Cricket Association till the next date of hearing, subject to condition that they shall cooperate with the investigation. The matter is now listed for hearing on June the Karnataka State Cricket Association (KSCA) President Raghu Ram Bhat and a few other office bearers moved the Karnataka High Court on Friday seeking to quash the FIR filed against them in the Chinnaswamy stadium stampede case. .Bengaluru stampede: Four, including RCB's marketing manager, detained at Bengaluru on Thursday registered an FIR against RCB, event management firm DNA entertainment private limited, and Karnataka State Cricket Association (KSCA)..Karnataka Chief Minister Siddarmaiah too on Thursday had instructed the state DGP and IGP to immediately arrest the representatives of RCB, DNA entertainment and KSCA in connection with the stampede, as prima facie there was "irresponsibility" and "carelessness" on their stampede occurred on Wednesday evening in front of the stadium, where a large number of people thronged to participate in the RCB team's IPL victory celebrations. Eleven people have died and 56 were injured in the four officials of RCB and DNA entertainment were taken into custody, police sources said on Friday.
New Indian Express
06-06-2025
- New Indian Express
Karnataka cricket association moves High Court, seeks quashing of FIR in stampede case
BENGALURU: Karnataka State Cricket Association (KSCA) President Raghu Ram Bhat and a few other office bearers moved the Karnataka High Court on Friday seeking to quash the FIR filed against them in the Chinnaswamy stadium stampede case. Police on Thursday registered an FIR against RCB, event management firm DNA entertainment private limited, and Karnataka State Cricket Association (KSCA). Karnataka Chief Minister Siddarmaiah too on Thursday had instructed the state DGP and IGP to immediately arrest the representatives of RCB, DNA entertainment and KSCA in connection with the stampede, as prima facie there was "irresponsibility" and "carelessness" on their part. The stampede occurred on Wednesday evening in front of the stadium, where a large number of people thronged to participate in the RCB team's IPL victory celebrations. Eleven people have died and 56 were injured in the incident. Meanwhile, four officials of RCB and DNA entertainment were taken into custody, police sources said on Friday.
Time of India
06-06-2025
- Sport
- Time of India
Chinnaswamy stampede: Karnataka Cricket Association officials move HC, seek quashing of FIR
Karnataka State Cricket Association ( KSCA ) President Raghu Ram Bhat and a few other office bearers moved the Karnataka High Court on Friday seeking to quash the FIR filed against them in the Chinnaswamy stadium stampede case. Police on Thursday registered an FIR against RCB , event management firm DNA entertainment private limited, and Karnataka State Cricket Association (KSCA). Karnataka Chief Minister Siddarmaiah too on Thursday had instructed the state DGP and IGP to immediately arrest the representatives of RCB, DNA entertainment and KSCA in connection with the stampede, as prima facie there was "irresponsibility" and "carelessness" on their part. The stampede occurred on Wednesday evening in front of the stadium, where a large number of people thronged to participate in the RCB team's IPL victory celebrations . Eleven people have died and 56 were injured in the incident. Meanwhile, four officials of RCB and DNA entertainment were taken into custody, police sources said on Friday. Economic Times WhatsApp channel )
