Trade unions on strike: economy may lose Rs 20,000 cr
Strike comes a day before the Budget session
Major trade unions on Wednesday began a two-day strike, as the beleaguered government prepares to present an austerity budget to parliament and weather a corruption scandal in a big arms deal.
Financial services, mining and transport are likely to be affected by the strike, called by all major trade unions to protest high inflation, a fuel price increase and what they say are violations of labour laws.
Prime Minister Manmohan Singh, grappling with the country’s worst economic slowdown in a decade, asked the unions to call off the strike, but talks between a ministerial panel and union leaders broke down on Monday.
“As far as we have seen, the government has nothing to offer to labourers,” said Atridev Tiwari, general secretary of Bharatiya Mazdoor Sangh (Indian Workers Union), one of the main unions leading the strike.
“It doesn’t matter what the Prime Minister says now because we cannot rely on his word. He says something and does something else.”
For more visit: Business Standard
- Dow Futures15268.00-21.00[-0.14%]
- Nikkei 22514232.47-251.51[-1.74%]
- Hang Seng22581.64-88.04[-0.39%]
- Straits Times3393.17-61.20[-1.77%]
- FTSE 1006696.79-143.48[0.00%]
- CAC 403967.15-83.96[0.00%]
Search Our Archives
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on Dec 21st, 2012 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on Dec 21st, 2012 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
- PK Hi SaiPalanivel, no sir i didnt traded...In Intraday calls for 24-05-13
- TOM HI CB, CAN I BUY ABCIL @ CMP...In Intraday calls for 24-05-13
- SaiPalanivel HI PK,GM MY CALL 6000 PE 55.00 TGT 85....In Intraday calls for 24-05-13
- K.V.LAXMI CB SIR, GOOD MORNING... CAN I ENTER R...In Intraday calls for 24-05-13
- jaikumar hi cb, shall i buy tata steel for int...In Intraday calls for 24-05-13
- PK Hi CB, sir cant go for 6000 CE...In Intraday calls for 24-05-13
- sandeep cb...........Can we buy cipla for curr...In Intraday calls for 24-05-13
- CB ill be back in some time....In Intraday calls for 24-05-13
- CB Hi PK, yes, go with in the money pe fo...In Intraday calls for 24-05-13
- CB Hi Vishal, yes Hi ganeh, :) nice to...In Intraday calls for 24-05-13
- PK Hi CB, sir 5900ce price is very high a...In Intraday calls for 24-05-13
- ganeh Hi CB, thanks CB have bookd rest 1000...In Intraday calls for 24-05-13
- Vishal Hi CB, So hold 2100 PE?...In Intraday calls for 24-05-13