Bengaluru Tech Summit concludes; start-ups secure Rs 400-crore support
Bengaluru (PTI): Curtains came down on the three-day Bengaluru Tech Summit 2025 on Thursday.
According to the organisers, the government and venture capital firms disbursed up to Rs 400 crore to deep-tech start-ups at the Future Makers Conclave, the flagship event of BTS 2025.
They said 20,680 delegates from 57 countries attended various conferences at the summit.
More than 46,389 business visitors were also present, bringing the total attendance to about 92,500.
The summit featured over 630 speakers who participated as panellists and moderators across 100 live sessions covering AI, deep tech, biotech, aerospace, start-ups and other sectors.
Around 1,015 exhibitors showcased their products and solutions during the event.
The summit also hosted 146 curated cross-pitches by start-ups to 36 investors, with another 162 pitches scheduled next week under the BTS banner.
A total of 107 mentor–mentee sessions were held during the summit, the organisers added.
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SC slams freebies culture, says states should open avenues for employment
New Delhi (PTI): The Supreme Court on Thursday slammed the freebies culture, saying it was high time to revisit such policies that hamper the country's economic development.
Taking note of the Tamil Nadu Power Distribution Corporation Ltd's plea, which proposed to provide free electricity to all irrespective of financial status of consumers, the top court said it was quite understandable if states hand-hold the poor.
“Most of the states in the country are revenue deficit states and yet they are offering such freebies” overlooking development, a bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi said.
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The bench said economic development of the nation gets hampered with this kind of largesse distribution and states should work to open avenues for employment instead of giving free food, cycles, electricity to all.
The top court, however, issued notice to Centre and others on the plea of the DMK government-led power distribution firm which proposes to provide free electricity.
The power firm has challenged a rule of the Electricity Amendment Rules, 2024.
“What kind of culture are we developing in India? It is understandable that as part of the welfare measure you want to provide to those who are incapable of pay the electricity charges,” the bench asked.
“But without drawing a distinction between those who can afford and those who cannot, you start distributing. Will it not amount to an appeasing policy,” the CJI asked.
The bench asked as to why the Tamil Nadu firm suddenly decided to loosen the purse strings after the electricity tariff was notified.
“The states should work to open avenues for employment. If you start giving free food from morning to evening then free cycle, then free electricity then who will work and then what will happen to the work culture,” the CJI said.
The bench said states, instead of spending on development projects, do two jobs - paying salaries and distributing such largesse.
