Bengaluru: In a dramatic incident that occurred at the Karnataka High Court on Wednesday, Chief Justice NV Anjaria, Justice HB Prabhakara Sastry, the advocates and the litigants were taken aback as a man who entered the court room started injuring himself with a razor and even held the blade to his throat.
Alarmed by the serious injuries the man inflicted upon himself, Chief Justice Anjaria ordered the personnel in the court room to immediately take him to a doctor. The security staff got the man out of the court room.
The man, who is being treated at Bowring Hospital, was identified as Shrinivas (51), a native of Mysuru. The reason for his action is yet to be investigated.
Justice Sastry, who would be retiring on Wednesday, questioned the efficiency of the security screening measures at the High Court, given that the man entered with a weapon in hand. He also ordered the people present in the room to stay away from blade, asking for a forensic expert to step in and inspect the weapon.
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The judges, asking everyone not to touch the file that the man had been carrying too, asked the concerned authorities to take custody of it. They also called the Registrar General and asked for information in the matter, expressing dissatisfaction on being informed that a court officer had briefly handled the case file. The judges pointed out that, without permission from the court, the court officer may not receive a file, especially when it is filed by an individual instead of an advocate.
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Bengaluru (PTI): Karnataka’s exporters are set to benefit as the India-Middle East-Europe Economic Corridor (IMEC) gathers momentum as an alternative to traditional maritime choke points, a senior tax official said, pointing to shifting global trade routes amid ongoing geopolitical tensions.
Addressing a seminar on “Navigating Geo-Political Challenges: Policy Measures and Preparedness to Build Resilience,” Kotraswamy M, Commissioner of Central Tax, Bengaluru North, said disruptions around key routes such as the Strait of Hormuz and the Suez Canal had underscored the need for more reliable corridors.
The event was organised by the Bangalore Chamber of Industry and Commerce (BCIC) in association with the Indian Institute of Materials Management.
"Owing to geopolitical tensions in West Asia, connectivity was hindered with Strait of Hormuz and Suez Canal as the choke points. Now with India-Middle East-Europe Economic Corridor (IMEC) gaining momentum as alternatives to the choke points, exporters from Karnataka and other states in India stand to gain in the global trade market," Kotraswamy said.
With this development, several critical choke points, especially fuel-related disruptions are expected to increase, he said adding IMEC is now gaining momentum as a more efficient and more reliable pathway, instead of depending on routes like the Suez Canal, the Strait of Hormuz, or even the Cape route, which are costly in terms of freight and sailing time, Kotraswamy said.
He added that exporters were also seeing gains from policy measures under the Goods and Services Tax (GST) regime.
“As exports are treated as zero-rated supplies under GST, the effective tax incidence on exports is zero per cent, allowing businesses to claim refunds on input taxes paid,” he said.
Kotraswamy noted that over 90 per cent of refund claims were now processed within seven days, compared to 15 to 30 days earlier.
He further said recent recommendations had enabled automatic refund processing and reduced documentation, cutting compliance costs by 20 to 25 per cent and easing working capital pressures.
Highlighting the state’s export performance, Prince Mehra of EXIM Bank said Karnataka is the fourth-largest exporter in India, contributing around seven per cent to the country’s merchandise exports and recording a compound annual growth rate of 7.8 per cent from FY19 to FY25.
“In FY25, Karnataka’s exports stood at USD 30.5 billion, driven by telecom instruments (17.3 per cent) and petroleum (14 per cent), followed by electrical equipment (five per cent), RMG/apparel (4.7 per cent), electronics (4.2 per cent), coffee (4.1 per cent) and pharmaceuticals (3.8 per cent),” Mehra said.
He added that the state ranked sixth in NITI Aayog’s Export Preparedness Index 2024 with an untapped export potential of USD 24.4 billion.
Emphasising the need for adaptability, K Ravi, senior vice president of BCIC, said in today’s volatile global landscape, resilience is no longer optional as it is a strategic imperative. Geopolitical challenges are reshaping trade dynamics and compelling businesses to rethink risk, cost, and continuity.
Sivasankari Murugan of ECGC highlighted support mechanisms available to exporters, including insurance products and policy interventions such as the RELIEF Scheme and the Export Promotion Mission.
She said such measures reflected a strong commitment to safeguarding industry competitiveness, and added that platforms like the seminar help stakeholders build the collaborative mindset required to navigate uncertainty.
