Petrol price hike: Bandh may hit normal life today

May 31, 2012

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New Delhi/MumbaI/Chennai, May 31: The BJP and the CPM will come together in a nationwide protest against hike in petrol prices on Thursday. Markets may remain shut and autos and taxis might go off the roads.

Delhi: Traders decide to support BJP's call

Residents of the Delhi may find many markets shut and fewer autos and taxis on the road today, with BJP workers staging demonstrations on arterial roads against the steep hike in fuel prices. The party claims it has the support of over 300 traders' associations and several taxi and auto unions.

While the bandh has been called across India, the introduction of 5% VAT on CNG in Delhi budget is also an issue in the capital. On Wednesday, Delhi BJP president Vijender Gupta held a padyatra in Connaught Place asking traders to support the bandh.

On Wednesday, Delhi BJP president Vijender Gupta held a padyatra in Connaught Place asking traders to support the bandh. BJP has also decided to disrupt the ongoing budget session in the assembly. Police said that besides 35 extra companies of security personnel, another 50,000 cops would be out on the roads.

"We want to ensure that every major road has police presence. We are aware of a few protest spots and have the resources to rush in to control any situation. We warn people not to flout the law; those found rioting will be charged with destruction of public property," said a senior officer. Despite poor footfalls in the market due to rise in temperature, traders' associations have decided to support the bandh. "We have to stand together. This government has become arrogant and is not concerned about the people, who are suffering. Everything — from food items to gadgets— has become expensive. Still there is no stopping the government from increasing the prices of petrol and CNG. In Delhi, CNG is going to be the main issue," said Praveen Khandelwal, secretary general of Confederation of All India Traders.

While most traders have decided to support BJP's bandh call, some are said to be doing so out of fear. "We fear that the protestors might get violent if the markets are open. Not wanting to take chances, we have decided to close the market," said a trader from Khan Market. With more than 50,000 BJP workers expected to stage demonstrations at 100-odd locations, BJP is hopeful the government will be forced to rollback petrol and CNG prices. While BJP workers will protest outside, party MLAs are planning a stormy session in the assembly on Thursday.

Senas back bandh, Maharashtra talks tough

Undeterred by the Shiv Sena and MNS lending their political muscle to the BJP-called Bharat bandh over the steep hike in petrol price last week, the state government announced that it would be business as usual in Mumbai on Thursday. Nevertheless, local politicians expect trouble in saffron strongholds and the police have been deployed in full force.

Train services will run as usual and BEST has promised additional services if required. The same cannot be said for autos and taxis. While the bigger unions led by Sharad Rao and A L Quadros said their autos and taxis will ply, Sena-led unions have threatened to enforce the bandh.

"As long as the bandh is peaceful we have no objection. But if politicians indulge in violence and enforce it, we will not tolerate it," home minister R R Patil told TOI. On Wednesday, Patil held a marathon meeting with top police officials even as the saffron alliance charted their strategy to ensure that their bandh is a success.

Bandh expected to evoke poor response in Tamil Nadu

The nation-wide strike called by the NDA and Left parties on Thursday to condemn the hike in petrol price is unlikely to have much impact in Tamil Nadu with the state government taking steps to ensure maintenance of all essential supplies and services to the people.

However, autorickshaws might go off the roads as most of the drivers are affiliated to leftist trade unions.

Though a few milk dealers have supported the strike, sources in the state-owned Aavin said that measures have been taken to ensure uninterrupted milk supply.

"We have made all arrangements to have enough stock of milk in our parlours and outlets to ensure that the public will not be affected," a senior Aavin official said. Government sources assured that all hospitals and public transport will function as usual.

"The full fleet will be pressed into service in the city as well as across the state," an official from transport department said.

Police sources said additional personnel have been deployed at sensitive areas across the state to curb any untoward incidents.

Meanwhile, BJP state unit president Pon Radhakrishnan has appealed to all the political parties, commercial establishments and people of the state to support the bandh.

In a release, he said that since the hike in petrol price will test the patience of the people reeling under high inflation, the party had called for a nation-wide strike to condemn the UPA government move.

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News Network
July 19,2020

New Delhi, Jul 19: With the highest single-day spike of 38,902 cases reported in the last 24 hours, India's total COVID-19 tally on Sunday reached 10,77,618, informed the Union Health and Family Welfare Ministry on Sunday.

The death toll has gone up to 26,816 with 543 fatalities reported in the last 24 hours.

The Health Ministry said the total number of cases includes 3,73,379 active cases and 6,77,423 patients have been cured/discharged/migrated.

Maharashtra remains the worst affected state with 3,00,937 cases reported until Saturday.
Meanwhile, as per the information provided by the Indian Council of Medical Research (ICMR), 1,34,33,742 samples have been tested for COVID-19 till July 18, of these 3,61,024 samples were tested yesterday.

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News Network
May 6,2020

May 6:The Congress on Wednesday said it is "economically anti-national" to fleece Indians of Rs 1.4 lakh crore by raising taxes on petrol and diesel, and urged the Centre to share 75 per cent of this revenue with states so that people are not burdened.

Congress chief spokesperson Randeep Surjewala said when the entire country is fighting the COVID-19 pandemic and its poor, including migrants, shopkeepers and small businessmen, were virtually penniless, the government of India was "fleecing" 130 crore Indians by insurmountably raising prices of petrol and diesel.

"To fleece people of India in this fashion is economically anti-national," he told reporters at a press conference through video conferencing.

Surjewala alleged that the manner in which "illegally and forcibly" this recovery is being made is "inhumane, cruel and insensitive".

"The government should transfer 75 per cent of this money so collected through raise in taxes to states. This will ensure there is no further burden on people of India, by way of more taxes on petroleum products by states," he said.

He said the issue was discussed at a meeting of the chief ministers of Congress-ruled states with party president Sonia Gandhi, where everyone besides former prime minister Manmohan Singh and Congress leader Rahul Gandhi expressed deep concerns.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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