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Karnataka Reservation Bill | Top Companies Oppose 'Controversial' Quota Bill | What Will Happen Now?
Posted
July 18, 2024
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3:31Now PlayingKarnataka Reservation Bill | The Karnataka government has put the controversial private sector quota bill on hold amid backlash from CEOs and founders, who warn it could drive companies away. Biocon's Kiran Mazumdar-Shaw and Grapevine's Saumil Tripathi criticized the bill for potentially harming Karnataka’s tech sector, with Tripathi warning companies might relocate. Nasscom also opposed the bill, stating it would stifle startups. The bill mandates 75% reservation for Kannadigas in non-management jobs and 50% in management jobs, aiming to benefit locals according to Chief Minister Siddaramaiah. Watch the video for more.
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