Industry body BCIC welcomes K'taka budget, calls it growth oriented
Bengaluru (PTI): The Bangalore Chamber of Industry and Commerce on Saturday welcomed the Karnataka Budget 2026-27, recognising its balanced approach towards fostering economic growth, supporting MSMEs, and enhancing infrastructure development.
K Ravi, Senior Vice President, BCIC and Chairman, International Business Committee. appreciated the government's commitment to strengthening the Micro, Small, and Medium Enterprises (MSMEs) sector through targeted financial incentives, skill development programs, and ease of doing business reforms.
"These measures are expected to boost manufacturing capabilities and create significant employment opportunities across the state," he said, in a statement.
According to him, the budget's focus on infrastructure, including investments in road connectivity, urban development, and industrial parks, tourism and hospitality aligns with BCIC's vision of a robust industrial ecosystem that supports sustainable growth and competitiveness.
BCIC also applauded the emphasis on IT, AI, technology and innovation, which it said will drive Karnataka's position as a leading hub for startups and digital economy initiatives.
While the budget presents ambitious welfare schemes and agricultural support, BCIC said it encourages continued dialogue between industry stakeholders and the government to ensure effective implementation and maximise impact.
BCIC further said that it remains committed to collaborating with the government to facilitate a conducive business environment that promotes investment, innovation, and inclusive growth in Karnataka.
Chief Minister Siddaramaiah on Friday presented his record 17th budget with a total outlay of Rs 4,48,004 crore.
Reacting to the state budget, Karmendra Kohli, CEO, SecurEyes said it sends a strong signal on digital responsibility.
He said in a statement that the proposed social media ban for children under 16 is a timely step but its success will hinge entirely on robust digital identity verification and enforcement mechanisms, which are inherently cybersecurity challenges.
Similarly, the establishment of the Bangalore Robotics and AI Innovation Zone and AI Centers of Excellence is exciting, but every AI platform is a potential attack surface, Kohli said.
"As Karnataka accelerates its digital ambitions, cybersecurity cannot be an afterthought; it must be embedded from the ground up. We look forward to the state building on its Cybersecurity Policy 2024 with dedicated budget allocations that match the scale of its tech aspirations," he added.
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Court can reject anticipatory bail but cannot direct accused to surrender: SC
New Delhi (PTI): A court can reject anticipatory bail of an accused but it has no jurisdiction to direct him to surrender before the trial court, the Supreme Court has said.
A bench of Justices J B Pardiwala and Ujjal Bhuyan made the observation while hearing a plea filed by a man accused of cheating and forgery.
"If the court wants to reject the anticipatory bail, it may do so, but the court has no jurisdiction to say that the petitioner should now surrender," the bench said.
The Jharkhand High Court had rejected anticipatory bail plea of the accused and asked him to surrender and seek regular bail.
In this case, a complaint had been filed before a magistrate alleging offences under Sections 323 (voluntarily causing hurt), 420 (cheating), 467 (forgery of valuable security), 468 (forgery for purpose of cheating), 471 (using forged document) and 120B read with 34 of the IPC, in connection with a land dispute.
The high court had dismissed the second anticipatory bail application of the accused on the ground that no new circumstances were shown.
It had relied on its earlier order rejecting his first anticipatory bail plea, in which the court directed the petitioner to surrender before the trial court and seek regular bail in terms of the decision in Satender Kumar Antil v. CBI.
The top court said such a direction was wholly without jurisdiction and said that if a court chooses to reject anticipatory bail, it may do so, but it cannot compel the accused to surrender.
