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Monday, February 23, 2026 2:42 AM

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Karnataka Government Introduces Welfare Bill Imposing Cess on TV Channels, OTT Platforms, and Multiplexes

The Karnataka government has passed the Karnataka Cine and Cultural Activists Welfare Bill on July 26, 2024, aimed at supporting the entertainment sector by introducing a new cess on TV channels, OTT platforms, and multiplexes operating within the state. The bill, as reported by CNBC-TV18, seeks to provide financial aid to cine and cultural activists, thereby enhancing the welfare of individuals working in Karnataka’s cultural industries. The legislation imposes a cess of up to 2% on the revenues of TV channels and OTT services derived from Karnataka. This cess will be applied to cinema tickets and subscription fees, ensuring that it is paid based on the revenue generated within the state. Companies are required to remit the cess by the 9th of every month, as mandated by the bill. The primary objective of this initiative is to bolster financial support for the state’s cultural sector. By directing the collected funds towards cine and cultural activists, the Karnataka government aims to improve the livelihoods of those involved in the cultural and entertainment industries. The introduction of this cess marks a significant step in recognizing and addressing the financial challenges faced by individuals in the cultural sector. It is expected to provide much-needed relief and support, ensuring the continued growth and sustainability of Karnataka’s vibrant cultural landscape.

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IIT Roorkee Awards Degrees to 2,513 Students at 24th Convocation

IIT Roorkee celebrated its 24th convocation, awarding degrees to 2,513 students—1,931 male and 582 female—in various disciplines. The convocation highlighted a significant increase in the proportion of graduating female students, rising from 18.84% in 2022 to 23.16% in 2024, demonstrating IIT Roorkee’s commitment to gender diversity and inclusion. A total of 1,277 students received undergraduate degrees, 704 were awarded postgraduate degrees, and 442 students earned doctoral degrees. The institute also recognized outstanding achievements with the President’s Gold Medal and the Director’s Gold Medal. Achintya Nath, a BTech graduate in Computer Science and Engineering, received the President’s Gold Medal for achieving the highest CGPA among undergraduate students admitted through JEE Advanced. Parth Sarthi Mishra, a BTech graduate in Electronics and Communication Engineering, was awarded the Director’s Gold Medal for his exceptional all-round performance among undergraduate students. The convocation was attended by Debjani Ghosh, President of NASSCOM, as the Chief Guest. The event was presided over by BVR Mohan Reddy, Chairperson of the Board of Governors.

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Haryana Govt Doctors Call Off Strike After Key Demands Addressed

The Haryana Civil Medical Services Association (HCMSA) has called off its strike after the state government agreed to meet three critical demands. The strike, which had severely impacted health services in state-run hospitals, ended after the government assured that these demands would be implemented by August 15. The key demands addressed include: Grade Pay Anomalies: The government has agreed to rectify grade pay discrepancies. Specialist Cadre: The government will notify the establishment of a specialist cadre at the earliest. This move aims to address the career progression concerns of doctors. Emergency Visit Allowance: Doctors will receive an allowance for visits to hospitals during odd or off-duty hours to handle emergencies. This allowance, up to ₹7,200 per month, is designed to compensate doctors for additional responsibilities and is modeled after central government provisions. Top government officials, including Haryana Chief Principal Secretary Rajesh Khullar, Additional Chief Secretary (Health) Sudhir Rajpal, and Additional Principal Secretary Amit Kumar Agarwal, held extensive discussions with HCMSA representatives to resolve the deadlock. These talks spanned over two days and concluded successfully early Saturday morning. The HCMSA had also demanded the reduction of bond amounts for postgraduate courses, stopping direct recruitment of senior medical officers, and aligning allowances with those of central government doctors. The government had already issued a notification to reduce the bond amount for postgraduate courses, addressing another significant concern. With the specialist cadre soon to be notified, most career progression issues for doctors will be resolved. This development marks a significant step towards improving the working conditions and morale of doctors in Haryana’s government hospitals.

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Paris 2024 Welcomes the World in Groundbreaking Opening Ceremony on the Seine

Paris has witnessed numerous memorable moments in history, and the Paris 2024 Opening Ceremony added another unforgettable event to the list. On Friday, July 26, the City of Lights transformed into a sports stadium as the River Seine hosted an extraordinary display of athleticism and artistry. In a historic first, the Opening Ceremony took place outside a traditional stadium setting. The Seine became the track, the quays transformed into spectator stands, and the city’s iconic landmarks stood as silent witnesses to the celebration. The event featured 85 boats carrying 6,800 athletes from 205 National Olympic Committees (NOCs), sailing towards the Eiffel Tower. The ceremony culminated with the Olympic flame ascending into the sky in a cauldron attached to a hot air balloon. Artistic director Thomas Jolly orchestrated the four-hour extravaganza, which was filled with flags, feathers, and raindrops. Despite the pouring rain, athletes danced on boat decks, spectators lined the quays and bridges, ballet dancers performed on rooftops, and Parisians cheered from their balconies. The river parade and artistic performances journeyed through the heart of Paris towards the Trocadero, where French President Emmanuel Macron officially declared the Paris Olympic Games open. “Some may say, we in the Olympic world, we are dreamers. But we are not the only ones,” said International Olympic Committee President Thomas Bach. “And our dream is coming true tonight: a reality for everyone to see. Olympians from all around the globe, showing us what greatness we humans are capable of. So I invite everybody: dream with us. Like the Olympic athletes, be inspired with the joy that only sport can give us. Let us celebrate this Olympic spirit of living life in peace, as the one and only humankind, united in all our diversity.” The Paris 2024 Opening Ceremony was not only a celebration of sports but also a testament to the city’s ability to bring people together in unity and diversity, setting the stage for an unforgettable Olympic Games.

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Wasim Jaffer Set to Become Punjab Kings’ New Head Coach

Former India opener Wasim Jaffer is set to take over as the head coach of Punjab Kings, succeeding Trevor Bayliss, whose two-year contract with the team has concluded. This appointment marks Jaffer’s return to the Mohali-based franchise ahead of the 18th edition of the Indian Premier League (IPL). Jaffer’s association with Punjab Kings is not new. This will be his third stint with the franchise, having previously served as the batting coach from 2019 to 2021 before stepping down ahead of the IPL 2022 auction. Prior to his new role, he was released from his position as batting consultant before the IPL 2024 season. Jaffer, who played 31 Tests for India, faces a challenging task as the head coach of Punjab Kings. The team, one of the eight founding members of the IPL, has not reached the playoffs for ten consecutive seasons since their only appearance in the IPL final in 2014. In the IPL 2024, Punjab Kings finished ninth on the points table, securing only five wins. Despite recording the highest successful run chase in T20 cricket by chasing down 262 at Eden Gardens against Kolkata Knight Riders and defeating five-time champions Chennai Super Kings at Chepauk, the team struggled to maintain consistent performance. The injury to captain Shikhar Dhawan significantly impacted the team’s performance. It remains to be seen if the franchise will continue with Dhawan, who will turn 39 later this year.

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IGNOU Launches BA in Micro Small & Medium Enterprises Programme

The Indira Gandhi National Open University (IGNOU) has announced the introduction of a new Bachelor of Arts in Micro Small and Medium Enterprises (BAMSME) programme. This programme, offered through the School of Vocational Education and Training (SOVET), is now open for applications for the July 2024 session. Interested candidates can apply through the official IGNOU website at ignouadmission.samarth.edu.in. The BAMSME programme is designed for individuals who have completed their 10+2 education. It aims to equip aspiring entrepreneurs with the essential skills and knowledge required to start and manage new business ventures. Offered via open and distance learning (ODL), the programme is accessible to a wide audience. It is structured to provide flexibility, with a minimum duration of three years, divided into six semesters, and a maximum duration of six years. Students are required to complete a total of 120 credits, earning 20 credits per semester. The medium of instruction is English, and the programme fee is set at Rs 5,100 per year, totaling Rs. 15,300 for the entire three-year course. According to an IGNOU statement, the primary objectives of the BAMSME programme are to facilitate the successful and profitable operation of business enterprises, enhance managerial skills, and offer an innovative, competency-based approach to entrepreneurship education. The curriculum covers crucial aspects of business operations, including finance and marketing, and aims to develop leadership qualities essential for both self-empowerment and the empowerment of others.

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Inauguration of Sakura – The Indo-Japanese Nursery Division at JG International School Marks a New Era in Global Education

In a landmark collaboration, JG International School (JGIS) in Ahmedabad and Keimei Gakuin School (KG) from Kobe, Japan, proudly inaugurated Sakura, the first-of-its-kind Indo-Japanese Nursery division. This historic event at JGIS symbolised a unique partnership between two esteemed educational institutions, setting a new benchmark in early childhood education. Keimei Gakuin, a 100-year-old institution from Kobe, Japan, is renowned for its innovative approach to education, rooted in Japanese philosophy, culture, values, and excellence. The newly established Sakura division integrates pedagogical methods, educational approaches, and cultural aspects from India and Japan. This collaboration aims to nurture a generation of globally-minded students who possess curiosity, creativity, and empathy, empowering them to excel and lead in an interconnected world. The educational philosophy at Sakura aligns with core principles of education, focusing on the moral character of children and fundamental societal principles. Emphasis is placed on human dignity and the comprehensive assimilation of human knowledge. Education is viewed as a process of unfolding children’s innate abilities, nurturing the total personality of each child rather than developing isolated skills. The curriculum moves away from rote learning to a skill-based system, fostering real learners with complex and flexible learning frameworks. Dr. Kavita Sharma, Principal of JG International School, expressed her excitement about the collaboration, stating, “We are thrilled to embark on this remarkable journey with Keimei Gakuin. The Sakura division is a testament to our commitment to providing a holistic and globally enriched education. We believe this collaboration will inspire our students to become compassionate, culturally aware, and innovative leaders of tomorrow.” Mr. Ibusuki Chikara, Principal of Keimei Gakuin High School (KGHS), added, “This partnership marks a significant milestone in fostering educational excellence and cultural exchange between Japan and India. We are excited to bring the rich heritage and educational philosophies of both countries together, creating an environment where students can thrive and grow into global citizens.” The bicultural curriculum seamlessly blends ancient and contemporary Indian and Japanese educational frameworks, offering students a comprehensive understanding of both cultures. Students will master English and Japanese, fostering multilingual competence and cross-cultural communication skills. Equal emphasis is placed on Literacy, Numeracy, Program of Inquiry, and life skills education, including critical thinking, problem-solving, decision-making, communication, collaboration, and personal and social responsibility. Students will engage in traditional Japanese arts like calligraphy and martial arts, as well as Indian classical music, folk dances, and indigenous games. Regular student exchange programs and collaborative initiatives will foster mutual understanding among students from diverse backgrounds. Furthermore, expert educators from both countries will collaborate to enhance teaching methodologies and share best practices. The inauguration ceremony was a grand celebration featuring cultural performances, speeches by distinguished guests, and a tour of the new facilities. The event showcased the deepening ties between India and Japan, highlighting a shared vision of creating a world-class educational experience for young learners.

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Education Ministry greenlights IIM-Guwahati courses starting next academic year, says Assam CM

Assam Chief Minister Himanta Biswa Sarma announced that the Indian Institute of Management (IIM)-Guwahati will commence courses from the next academic year after receiving consent from Union Education Minister Dharmendra Pradhan. Sarma held high-level discussions with several Union ministers, including Rajnath Singh, Nitin Gadkari, Nirmala Sitharaman, and S. Jaishankar, to address various issues related to education, environment, power, and finance in the state. Key outcomes of the meetings include assurances on royalty settlements from hydrocarbon industries, support for Assam’s Teacher Training Institute, and measures to augment technical education in the state. The ministers also discussed climate change mitigation efforts, enhancing Assam’s energy security, developing urban wetlands, and leveraging central schemes to boost the state’s infrastructure and economic resilience. The decision to commence courses at IIM-Guwahati from the next academic year is a significant milestone for the state’s higher education landscape. The institute is expected to attract top talent and contribute to the development of skilled professionals in Assam and the region.

Education Ministry greenlights IIM-Guwahati courses starting next academic year, says Assam CM Read More »

Telecom M&A Activity Witnesses Surge: 514 Deals from 2019 to 2023

The communications service provider (CSP) sector has seen substantial consolidation over the past few years, with a total of 514 mergers and acquisitions (M&A) involving mobile and wireline companies globally between 2019 and 2023, according to Omdia’s latest research. M&A Deal Volume from 2019-2023 In this period, wireline M&A deals outnumbered mobile deals significantly, with 392 wireline and 122 mobile transactions. A notable mobile M&A deal includes the proposed merger between Vodafone and Three in the UK, which, pending approval by the Competition and Markets Authority, would result in the UK’s second-largest mobile operator by subscriptions. Recent Trends and Market Dynamics The number of M&A deals across all CSP sectors totaled 214 in 2023, a decrease from a peak of 316 in 2021. This decline can be attributed to high interest rates and a cyclical downturn in the technology industry. Despite these challenges, the telecom market’s dynamics indicate a persistent drive for further M&A activities among CSPs. Matthew Reed, Chief Analyst for Service Providers & Markets at Omdia, noted, “With revenues in the telecom sector growing at a low rate while markets are competitive and increasingly mature, many more CSPs will seek consolidation to cut costs by eliminating duplication and invest in network technologies such as fiber and 5G to propel growth in their connectivity business.” Strategic Benefits of M&A Merging provides operators with economies of scale, increased competitiveness against major players, opportunities for cross-selling, and greater procurement power. Beyond consolidation, telecom operators are using M&A to implement delayering and diversification strategies. Delayering and Diversification Strategies Delayering involves CSPs selling infrastructure assets, such as telecom towers, to raise funds for debt reduction or investment in other business areas. For example, in July, Telecom Italia (TIM) sold its fixed-line business in Italy to investment group KKR, enabling TIM to focus on growth through new beyond-connectivity consumer services and enterprise ICT services. CSPs are also acquiring companies in high-growth technology sectors to diversify their offerings. Both Orange and Telefonica have expanded significantly into the cybersecurity sector through strategic acquisitions. Matthew Reed added, “For telecom operators that want to become technology services providers, one way to make that transition is to buy companies that already have the capabilities and customer base in the target sectors.”

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Government Allocates ₹15.27 Lakh Crore for Major Sectors in Union Budget 2024

Finance Minister Nirmala Sitharaman presented her seventh Union Budget yesterday , allocating ₹15.27 lakh crore for major sectors such as defense, rural development, social welfare, and commerce. This budget marks the first of Prime Minister Narendra Modi’s third term. Key Allocations and Expenditures Defense Allocation: ₹4.54 lakh crore, a significant decrease from ₹6.21 lakh crore in the interim budget. Capital Outlay: ₹1.62 lakh crore for military capital expenditures, including weapons, ammunition, aircraft, and warships. Rural Development Allocation: ₹2.66 lakh crore. MGNREGA Funding: Increased from ₹60,000 crore in FY24 to ₹86,000 crore in FY25. Agriculture and Allied Activities Allocation: ₹1.52 lakh crore. Focus: Sustainable practices, digital infrastructure, and increased production. Home Affairs Allocation: ₹1.51 lakh crore. Specific Allocations: ₹42,277 crore for Jammu and Kashmir. ₹5,985 crore for Andaman and Nicobar. ₹5,862 crore for Chandigarh. ₹5,958 crore for Ladakh. Education Allocation: ₹1.26 lakh crore. Additional Allocation: ₹1.48 lakh crore for schooling, employment, and skilling. IT and Telecom Department of Telecommunications: ₹1.16 lakh crore. Ministry of Electronics and Information Technology: ₹22,000 crore. Health Allocation: ₹89,287 crore. Pharmaceutical Industry: ₹2,143 crore. Notable Announcement: Exemption of three more cancer medications from customs duties. Energy Allocation: ₹68,679 crore. New and Renewable Energy: ₹19,100 crore. Solar Power (Grid): ₹8,500 crore. Government Revenue and Expenditures Revenue Sources: Borrowings and other liabilities: 27%. Income tax revenue: 19%. GST and other taxes: 18%. Corporation taxes: 17%. Expenditures: States’ share of taxes and duties: 21%. Interest payments: 19%. Central sector schemes: 16%. Subsidies, pensions, and other payments: 19%. Additional Highlights Custom Duty Reductions: Three cancer drugs and two components for manufacturing X-ray machines. Tax Regime Tweaks: Raised standard deduction from ₹50,000 to ₹75,000, saving salaried employees up to ₹17,500. First-Time Professionals: One month’s salary as Provident Fund contribution for first job holders, benefiting 210 lakh youngsters. Capital Gains Exemption: Limit raised to ₹1.25 lakh per year. Angel Tax Reduction: For all investor classes. This budget reflects the government’s priorities across various sectors, balancing between infrastructure development, social welfare, and fiscal prudence.

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