Karnataka Affairs
Karnataka legislative assembly clears bill to integrate all modes of public transport
The Karnataka legislative assembly passed the long-pending Bengaluru Metropolitan Land Transport Authority Bill, 2022 that aims to streamline the ill-famed Bengaluru traffic and integrate public transport Services and civic agencies under one roof for effective coordination.
Piloting the bill on CM Basavaraj Bommai’s behalf, law and parliamentary affairs minister JC Madhuswamy said the bill has been drafted to supplement the Centre’s National Urban Transport Policy.
National and International Affairs
Indiawas among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 per cent. According to a report byKotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market (ECM) activity in India in 2022.
Indias outperformance comes on the back of a sharper decline in ECM activity in major markets such as theUnited Kingdom,Australiaand<a href="https://currentaffairs.adda247.com/india-and-japan-to-conduct-joint-exercise-to-strengthen-cooperation-in-air-DEFENCE/”>Japan. ECM activity globally took a hit on account of heightened volatility amid rising interest rates.
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