Karnataka Government

In a bid to help startups grow and expand, the Karnataka state government has signed up 21 firms including Uber, Ola, Swiggy and Bata for its ambitious programme called Samruddhi. The programme aims at creating 10,000 entrepreneurs annually over the next three years from among the SC/ST youth. Under this, once the youth is skilled and certified by the partner enterprises, he will be free either to opt for a job or start their own venture with seed funding from the Social Welfare Department. The funding support will go up to Rs 10 lakh. For Samruddhi, the stated government has set aside Rs 800 crore. The seed fund approach is a step away from the traditional business loans as the government saw a potential for misuse of these loans. “What we are doing is India’s most aspirational ski...

A new tussle between Karnataka government and major cab aggregators Ola and Uber have come into play, where the state government has issued a notice to the ride-hailing companies for violating against rules for charging the time-based fare. As per new traffic rules stated under Rule 11(a) of the Karnataka On-demand Transportation Technology Aggregators, cab companies cannot charge on the basis of time and hence the notice has been issued to the companies seeking an explanation for their policy of charging based on an average of Rs 1 per minute. According to a statement cited by sources, "Licence holders have to collect hire charges from passengers as per fares fixed by the government. But companies are violating the rules. Appropriate action will be initiated against the errant cabs....

Tag: Karnataka Government

Karnataka Govt Signs up 21 Firms to Turn ST/SC Youth into Entrepreneurs

Karnataka Government Issues Violation Notice To Uber,Ola