Monday October 22, 2018
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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)

 

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  • 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.

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Star ICC Asks Anonymous Accuser Of Sexual Assault Charges To Step Forward

The accuser said that while she was at the company, there were "clear instructions" given to make the sales team fulfil the targets.

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Star ICC
#MeToo: Star India internal panel writes to anonymous accuser to come forward

The Internal Complaints Committee of Star India on Sexual Harassment (Star ICC) has written to the anonymous accuser — who had alleged “sexual exploitation” of women employees — asking her to reach out to the committee or its external member on allegations made by her in tweets.

In a Twitter post on Friday, Star ICC, formed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 said it had reached out to the accuser through two emails on the ID provided by her through her tweets. The committee’s external member is Veena Gowda, a Mumbai-based woman rights lawyer.

The accuser, who tweeted through handle @ApurvaS17 — saying she would remain anonymous — had made sexual harassment allegations against the company’s officials in an open letter.

Star ICC
Star believes that the allegations made in the tweet without the complainant coming forward and giving any further detail, is a malicious attempt.

Asked to comment on the allegations, a Star India spokesperson said in a statement that despite no response by the anonymous accuser to the messages sent, the Star ICC had “suo moto conducted a preliminary inquiry and found no basis or factual accuracy” in respect of the allegations.

“We strongly urge any genuine complainant to approach the Star ICC. At Star, we stand with women in drawing the line on any behaviour that violates human dignity or the ability for women to pursue their dreams with respect and freedom. We have a zero-tolerance policy towards sexual harassment,” read the statement in response to an email query by IANS.

It also said that the anonymous tweet shared on October 13 raised an allegation that “runs completely counter to everything we believe in and the norms and values that we deeply embrace.”

The statement further said: “Star believes that the allegations made in the tweet without the complainant coming forward and giving any further detail, is a malicious attempt to malign and defame the reputation of the company and the CEO.” It said that Star reserves its right to initiate appropriate legal proceedings in this regard.

Star ICC
The Star ICC had “suo moto conducted a preliminary inquiry and found no basis or factual accuracy.

The accuser in her tweets had said that the #MeToo movement had encouraged her to come forward and that she had quit her job at Star India in the Airtime Sales section after 26 months and nine days and was now a homemaker, “taking care of my baby and hubby in a beautiful country, far away from Mumbai.”

The accuser said that while she was at the company, there were “clear instructions” given to make the sales team fulfil the targets in case they want to continue with their employment contract, “for which even if you have to take the clients to a hotel room and sleep with them for days.”

She said there were many instances when she and three of her female colleagues (interns) had clear instructions to reach a hotel after office hours for a private party hosted for influential friends.

Also Read: India’s Junior Foreign Minister M.J. Akbar Quits Following #MeToo Harassment Allegation By Women

She says the influential friends were “mostly bureaucrats and sometimes politicians and foreign nationals” who were “all ready to violate you, force you to dance against your wishes, drink with them, make drink(s) for them, exchange your numbers and even quietly accompany them to their respective rooms if they want you to”.

Veteran writer-director Vinta Nanda, who earlier this month accused actor Alok Nath of sexually violating her 19 years ago, wrote on Twitter: “I’m neither shocked nor surprised. I salute your courage to have come out and spoken out. The rot runs deep.” (IANS)