Karma was awarded the reporter of the year in 2010 by Indian Television at the News Television Awards. In 2011, he won the prestigious Ramnath Goenka Award for excellence in Journalism in the category for Business and Economic Journalism. His teams coverage of the 2013 North India floods in Uttrakhand, and won the award for the Best National News Coverage in English at the Exchange4media News Broadcasting Awards (ENBA) in 2013. In 2014, Karma won the ENBA Award in the Best Spot News Reporting (English) category for his coverage of Cyclone Phailin, which won him the Ramnath Goenka Excellence in Journalism Award for on-the-spot reporting in 2014.