Monday April 6, 2020
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All India Strike has caused India a loss of Rs. 25,000 crores

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By NewsGram Staff Writer

New Delhi: An estimated loss of Rs. 25,000 crores has happened to the Indian economy due to the all India strike so far, The Associated Chambers of Commerce and Industry of India (Assocham) reported.

“Financial impact of the disruption of essential services might lead to an estimated loss of over Rs.25,000 crore to the economy thereby taking into account the numerous direct and indirect losses,” Assocham secretary general D.S. Rawat said.

“The strike is likely to hit industrial activity due to poor workers’ attendance, besides footfall in retail trading markets will fall as the walkout will severely impact public transport and with bank employees remaining on strike it will affect operations at the banks,” he added.

credits: livechennai
credits: livechennai

Normal life was hit in many states on Wednesday as millions of industrial and blue collar employees struck work in the first nationwide protest since Prime Minister Narendra Modi took power more than a year ago.

Leaders of central trade unions which called the day-long strike claimed “unprecedented success” as banks, insurance companies and state-run as well as private factories shut across the country. Transport unions and traders too joined the protest in many places, leading to the closure of educational institutions and thin attendance in government offices.

“A big jolt would accrue to the export cargo thereby throwing crucial delivery schedule to haywire, besides with exports being under pressure, such things like strike would give a further setback,” Rawat said.

The industry chamber feels the poor daily wage earners will be the worst affected.

“Labour reforms are necessary and the government should intervene to come to an agreeable solution in the interest of the industry and the nation as a whole,” Rawat said.

The strike is in support of 12 demands, including withdrawal of labour law amendments, a minimum wage of Rs.15,000 a month and against privatisation of public sector units. Unions said about 300 million workers were involved in the protest.

“Somehow, the trade unions and other stakeholders need to get a feeling of reassurance that labour reforms are meant to enhance employment opportunities and not take away the jobs and that overall objective is to strengthen jobs because it is only through enhanced consumer power that the industry can grow,” he added.

(With inputs from IANS)

 

  • Indie Boy

    I think the staggering numbers come from erroneous calculations. Those who wanted to spend today would do it tomorrow. May be restaurants and stock markets are the main ones affected. Else, not sure if there is real loss.

Next Story

Water Quality of River Ganga Gets improved Amidst Nationwide Lockdown

The lockdown has done what other government projects could not do for the Ganga

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Ganga
The water quality of the Ganga river in Uttar Pradesh has improved considerably in cities like Varanasi and Kanpur. Wikimedia Commons

The national lockdown to check the spread of Covid-19 has thrown up something to smile about. The water quality of the Ganga river in Uttar Pradesh has improved considerably in cities like Varanasi and Kanpur.

Dr P.K. Mishra, Professor at Chemical Engineering & Technology, IIT-BHU, Varanasi, said that there has been 40-50 per cent improvement in quality of water in the Ganga.

This is primarily because factories along the river bank that discharged effluents into the Ganga have been shut due to the lockdown and this has naturally improved the water quality. Kalika Singh, regional officer of the Uttar Pradesh Pollution Control Board (UPPCB) in Varanasi said: “The dissolved oxygen level upstream in river Ganga is 8.9 mg per litre while downstream, the dissolved oxygen level is 8.3 mg per litre. This clearly shows that water quality has improved significantly, and it is good for bathing. Healthy water should have a dissolved oxygen level of at least 7 mg/litre.”

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Singh said that during the lockdown period, the air quality in Varanasi had also improved.
“The roads in Varanasi are completely deserted because people are inside their houses and all vehicles are off the roads. Those engaged in essential services can only be seen in the city with their vehicles. Due to this, the air quality has improved in the city,” he said.

The Ganga enters Uttar Pradesh in Bijnor district and passes through major districts such as Meerut, Bulandshahr, Aligarh, Kanpur, Allahabad, and Varanasi. In Kanpur too, the Ganga waters are cleaner.

Gangaa
Dr P.K. Mishra, Professor at Chemical Engineering & Technology, IIT-BHU, Varanasi, said that there has been 40-50 per cent improvement in quality of water in the Ganga. Wikimedia Commons

A priest at the famous Parmat temple in Kanpur, said: “The major cause of water pollution in Kanpur is the toxic industrial waste which is discharged into the river. Since all the factories are closed due to the lockdown, the Ganga river has become cleaner. The priests at the temple earlier used to refrain from taking a holy dip because the water was highly contaminated. However, since the past week, we are bathing in the river.”

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The Sisamau drain which used to discharged millions of litres of dirty water into the river was completely tapped last year under the Namami Gange project. This has also brought down the water pollution but the improvement being witnessed at present is unprecedented.

The lockdown has done what other government projects could not do for the Ganga. (IANS)