Karnataka govt puts on hold Bill mandating local jobs quota in pvt sector

Quick Summary:

The proposed Bill faced a strong backlash from various quarters which warned this would result in companies shifting from Karnataka to other states.

NASSCOM highlighted that a people-dependent industry like IT and technology will be deeply impacted and reminded the government this segment contributes 25% to the state’s GDP.

The Karnataka government has decided to hold back the Bill that would make it mandatory for all private establishments to hire local Kannadigas.

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Article Details

Author / Journalist: Thimmaya Poojary

Category: StartupsEconomyBusiness

Markets: India

Topics: Hold Local Policy State Terms Karnataka Privacy Nasscom Industry Bill Information

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 16:42:46 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 206 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 21666751

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Official Website: yourstory.com

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