RBI selects Karnataka to introduce course on financial sector

September 2nd, 2009 NEW DELHI - BMW Group will introduce BMW Financial Services India as a new business entity in India. The new subsidiary is planned to be fully operational by the mid of 2010 and will be headquartered in Gurgaon.

July 7th, 2009 MUMBAI - The Karnataka government has retained Maytas Infra, a company run by the family of former Satyam chairman B. Ramalinga Raju, as the developer for two greenfield airport projects at Gulbarga and Shimoga.

June 11th, 2009 BANGALORE - The external affairs ministry has decided to set up four passport facilitation centres in Karnataka to help people apply for and secure passports with ease, the state government said Thursday. "The ministry has decided to locate two facilitation centres in Bangalore and one each at Hubli in central Karnataka and Mangalore in coastal Karnataka.

May 18th, 2009 NEW DELHI - Janata Dal-Secular (JD-S) leader H.D. Kumaraswamy Monday offered his party's support to the Congress-led government at the centre but wanted assurance of development in his state Karnataka.

May 14th, 2009 BANGALORE - The Reserve Bank of India (RBI) Thursday praised Karnataka for having the highest tax to gross state domestic product (GSDP) ratio in the country. 'The state tax to the gross state domestic product (GSDP) ratio at 1 percent is by far the highest in the country.

April 30th, 2009 BANGALORE - Karnataka Chief Minister B.S. Yediyurappa came with his son, who is contesting elections for the BJP, to cast his vote on Thursday.

April 15th, 2009 MUMBAI - Only a Congress-led government has the 'high degree of competence' to deal with the problems in the financial sector, Home Minister P. Chidambaram said here Wednesday.

March 31st, 2009 NEW DELHI - The Congress party Tuesday released a list of eight candidates from Karnataka, Gujarat and Delhi for the upcoming Lok Sabha elections, pitting legislator Suresh Patel against the Bharatiya Janata Party's prime ministerial candidate L.K. Advani from Gandhinagar.

March 23rd, 2009 BANGALORE - Congress President Sonia Gandhi will launch her party's campaign for the Lok Sabha elections from Davangere in Bharatiya Janata Party-ruled Karnataka today. The launch of the campaign from Karnataka is seen significant as Karnataka was once seen as a Congress stronghold and where the BJP is considered to have made inroads.

February 21st, 2009 BANGALORE - The services sector in IT-savvy Karnataka has weathered the onslaught of global meltdown and slowdown in the country to stem the impact of negative growth in industrial and agriculture sectors, the state's economic survey for the 2008-09 financial year said. 'The services sector continues to dominate the state's economy and is projected to grow by 9.2 percent year-on-year (YoY) this fiscal though less by 1.5 percent from 10.7 percent last fiscal (2007-08),' the survey report, which was tabled in the state legislative assembly late Thursday, said.

February 19th, 2009 BANGALORE - The services sector in IT-savvy Karnataka has weathered the onslaught of global meltdown and slowdown in the country to stem the impact of negative growth in industrial and agriculture sectors, the state's economic survey for the 2008-09 financial year said. 'The services sector continues to dominate the state's economy and is projected to grow by 9.2 percent year-on-year (YoY) this fiscal though less by 1.5 percent from 10.7 percent last fiscal (2007-08),' the survey report, which was tabled in the state legislative assembly late Thursday, said.

January 17th, 2009 RAIPUR - In an attempt to end the power crisis in Karnataka, Chhattisgarh will supply about 300 MW electricity to the southern state, an official said Sunday. 'We have formally approved the Karnataka government's request.

January 15th, 2009 BANGALORE - The Karnataka legislature Friday began a nine-day session in the border district of Belgaum amid protests from a pro-Maharashtra group, with 150 of their activists detained by police. The session is the second to be organised in Belgaum, about 500 km from here.

January 13th, 2009 MUMBAI - State-owned engineering and manufacturing major Bharat Heavy Electricals Ltd (BHEL) has signed a deal with Karnataka to set up three thermal plants with a total capacity of 2,260 MW in the state. BHEL will set up a joint venture with Karnataka Power Corp for constructing a 660 MW thermal power plant at Edlapur in Raichur district of Karnataka, the company said in a regulatory statement.

December 24th, 2008 BANGALORE - Christians across Karnataka, where around 15 churches were vandalised in September over alleged conversion and insult to Hindu gods, celebrated Christmas with fervour. Hundreds thronged brightly-lit churches for the midnight mass in Bangalore.