PhonePe CEO apologises for lashing out at Karnataka reservation bill

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PhonePe CEO apologises for lashing out at Karnataka reservation bill - Business Standard

Quick Summary:

Industry body National Association of Software and Service Companies (Nasscom) warned that the restrictions could drive startups and IT companies out of the state, leading to a loss of investment and jobs.

He further questioned the bill’s fairness, pondering whether his children, who have grown up in Karnataka, do not deserve jobs in their home city despite his contributions to employment nationwide.‘Shame’, he said on X.

The Karnataka State Employment of Local Candidates in the Industries, Factories and Other Establishments Bill, 2024, was proposed on July 16.