Normal life hit across India as millions join industrial strike

September 2, 2015

New Delhi, Sep 2: 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.

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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.

"The response has been unprecedented," veteran union leader Gurudas Dasgupta from the All India Trade Union Congress said. "In Delhi we are seeing such an impact for the first time. We didn't expect this."

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.

The strike was largely peaceful except in parts of West Bengal where clashes were reported in Murshidabad, Howrah and North 24 Parganas between Left activists and members of the ruling Trinamool Congress.

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Financial services were hit hard as lakhs of bank and insurance employees - including those from cooperative banks and regional rural banks - joined the strike, All India Bank Employees Association general secretary C.H. Venkatachalam told IANS in Chennai.

He said the strike was a success in major cities like Mumbai, the country's financial capital, as well as New Delhi, Chennai and Kolkata.

But unions in State Bank of India and Indian Overseas Bank did not take part. In Mumbai, union leader V. Utagi said: "The strike in the banking and financial services sector is near total. Work at Mumbai Port Trust is hit. And Maharashtra's 1.50 million government employees have joined us."

But public buses and Mumbai's suburban trains plied though their unions lent "moral support" to the strike. A section of cabs and auto-rickshaws in Mumbai also joined the strike, which Utagi said was "a major success".

In Delhi, banks, insurance companies and industrial areas observed a shutdown. Most auto-rickshaws, the poor man's taxi, went off the roads. But Delhi Metro reported normal operations.

The strike hit hard life in Kerala, a Left bastion. Most IT firms in Technopark and Infopark reported very thin attendance. Work at the Cochin Port was affected.

The shutdown evoked mixed response in Karnataka. Buses and autos didn't ply while factories, banks and shops were closed. Thousands of commuters were stranded in cities and towns across the state.

The strike hit transport and banking services in both Telangana and Andhra Pradesh too.

Buses of state-owned road transport corporations in both states went off the roads as did auto-rickshaws in Hyderabad and other towns. Truck owners and drivers also joined the strike in some places. Petrol bunks were shut in a few places.

In Bhopal, all state-run public buses remained off the roads. Shops and banks too were shut. The strike was particularly effective in major cities like Indore, Jabalpur and Ujjain.

Normal life was hit in Bihar as thousands of workers in the government and private sector joined the strike. In some places, strike supporters blocked roads and halted train services.

The strike was total in Left-ruled Tripura. All offices, shops, markets, banks and educational institutions were shut while vehicular traffic went off the roads. In Kolkata, while educational institutions and commercial establishments were largely closed, buses and the metro operated normally. But there were fewer commuters.

Train services on the Eastern Railway and South Eastern Railway were hit as strike supporters blocked the tracks in several areas.

The strike had the least effect in Tamil Nadu although life was hit in industrial areas besides banks and insurance companies.

The impact of the shutdown in Himachal Pradesh was seen in Shimla, Rampur, Theog, Solan, Mandi, Nahan, Una, Bilaspur, Hamirpur, Dharamsala, Palampur, Kangra, Kullu and Manali towns as bus operators joined the protest.

In Goa, markets and public transport were hit hard, union leaders said. Police arrested about 200 workers who had blocked National Highway 17 near the Verna Industrial estate, 25 km from Panaji.

Earlier Report

Normal life hit across India as 15 crore workers go on strike

New Delhi, Sep 2: Normal life was affected in various parts of the country, including in West Bengal and Kerala, as 10 central trade unions today went on a day-long nationwide strike to protest against changes in labour laws and privatisation of PSUs.

BJP-backed BMS and NFITU however stayed away from the strike.

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Trade union leaders claimed that around 15 crore formal sector workers are on strike in support of their 12-point charter of demands.

The day long strike was seen affecting transport and banking operations among other services.

In Kolkata, partial impact was seen on suburban trains while shops, markets and business establishments in most areas remained closed.

State administration was plying a large fleet of public buses while partial impact was seen on operations of private buses and taxis.

In the National Capital, commuters faced problems as a large number of autos and taxis remained off the roads.

In Kerala, public and private bus services, taxis and autorickshaws were off the roads. Only few private cars and two wheelers were seen on the roads.

Shops, hotels and even small tea stalls were closed in the state.

The government had yesterday appealed trade unions call off the agitation in the interest of workers and nation.

The unions however decided to go ahead with strike as their talks with a ministerial panel headed by Finance Minister Arun Jaitley last month did not make any headway on their 12-point charter of demands.

Trade unions' 12-point charter of demands includes urgent measures to contain price rise, contain unemployment, strict enforcement of basic labour laws, universal social security cover for all workers and minimum wage of Rs 15,000 per month.

They are also demanding enhanced pension for workers, stoppage of disinvestment in PSUs, stoppage of contractorisation, removal of ceiling on bonus and provident fund, compulsory registration of trade unions within 45 days, no amendment to labour laws unilaterally, stopping of FDI in Railways, Defence etc.

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Earlier Report

Banking, transportation hit as 15 crore workers go on strike

New Delhi, Sep 2: Essential services like banking and public transport may be impacted today with ten central trade unions going ahead with their one-day nationwide strike, even as the government appealed to them for calling off the agitation, which BJP-backed Bharatiya Mazdoor Sangh (BMS) and National Front of Trade Unions (NFITU) decided to boycott.

While these ten unions claim to have a combined membership of 15 crore workers in public and private sector, including banks and insurance companies, several outfits representing informal sector workers also today announced their support to the strike.

Labour Minister Bandaru Dattatreya, however, said he expects the impact to be minimal.

"I don't think essential services will be affected by the strike. I feel that the impact will not be much. I appeal them to call off strike in the interest of workers and nation," Mr Dattatreya told reporters here.

The union leaders, however, said the strike will affect the functioning of essential services like banking, transport and supply of power, gas and oil.

Countering this claim, BMS said that power, oil and gas supplies will not be affected as a large number of public sector workers in these areas would not participate in the industrial action.

As many as 12 central trade unions had given this strike call over a 12-points charter of demands, including withdrawal of the proposed changes in the labour laws and stopping the disinvestment and privatisation of PSUs.

While as many as ten central unions have decided to go ahead with the strike after their talks with a group of senior ministers last week failed to yield desired results, the BMS pulled out saying the government needed to be given time to fulfill its promises on the basic demands. NFITU will also stay out.

The government also indicated that the talks with trade unions will continue even if they go on the strike tomorrow.

On impact of the strike, Mr Dattatreya said, "The BMS and NFITU are not in the strike. Besides there are 2-4 organisations (unions) which are neutral." He did not reveal the names of the 'neutral' trade unions.

He further said, "We don't want any confrontation with trade unions. The workers' rights and interests are supreme to us. We will continue talks with trade unions even after tomorrow's strike."

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News Network
June 3,2020

Mumbai, Jun 3: With an expected increase in wind conditions up to 120 kilometres, cyclone Nisarga is likely to make landfall on the north coast of Maharashtra later today, as per the Indian Meteorological Department (IMD) on Wednesday.

"Wind conditions will further increase up to 100-110 gusting to 120 kmph as conditions are favourable for intensification. The higher sea surface temperature and low vertical wind shear favoured the intensification of severe cyclonic circulation," said IMD in a series of tweets.

Explaining the nature of wind speed, IMD further tweeted, "Eye diameter is about 65 km as observed through Radar. thus the diameter has decreased during past 01 hours indicating intensification of the system. hence wind speed has increased from 85-95 kmph to 90-100 kmph gusting to 110 kmph."

Several National Disaster Response Force (NDRF) teams have been deployed across Maharashtra to ensure preparedness for the impending cyclone. A total of eight teams have been deployed in Mumbai, five teams in Raigad, two teams in Palghar, Thane, and Ratnagiri and one team in Sindhudurg, said NDRF.

Besides, five NDRF teams were airlifted by IL-76 from Vijaywada for Mumbai on June 2, as per the Indian Air Force (IAF)

"Around 60 per cent of people, from the coastal areas around this area, have gone to their relatives' places. The remaining ones have been sent to the evacuation centre. We have also taken into account the COVID-19 guidelines and ensured social distancing," NDRF officer Shiv Parada Rao, deployed with his team in the Dahanu area, spoke to ANI.

"From the information we have received cyclone Nisarga is likely to hit here by tonight. The exact time is not confirmed yet. We are taking all preparedness measures to tackle the situation," he added.

NDRF teams also conducted evacuation in Alibaug during the early hours on Wednesday morning, as per NDRF Director General SN Pradhan.

As per the 5 am bulletin released by IMD, cyclone Nisarga was heading towards north Maharashtra coast at a speed of 11 kmph. It was about 200 km South -SouthWest of Alibag and about 250 km south-southwest of Mumbai at 2.30 AM today, stated the bulletin.

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News Network
January 24,2020

Jan 24: India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December.

The needle on a gauge measuring so-called animal spirits signaled the economy may be taking a turn for the better, as five of the eight high-frequency indicators tracked by Bloomberg News came in stronger last month. The dial was last at the current position in August.

“Animal spirits” is a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action, and the gauge uses the three-month weighted average to smooth out volatility in the single-month numbers.

The nascent recovery would need a helping hand, with expectations building that Finance Minister Nirmala Sitharaman will provide some stimulus when she presents the budget Feb. 1. Official forecasts show the economy is set to expand at 5% in the year ending March 2020 -- the weakest pace in more than a decade.

Here are the details of the dashboard:

Business Activity

The dominant services index rose to the highest level in five months in December as improving new work orders helped boost activity. The seasonally adjusted Markit India Services PMI index climbed to 53.3 from 52.7 in November, helping post a strong end to the calendar year.

India’s manufacturing PMI also rose -- to 52.7 from 51.2 a month ago -- boosted by the fastest increase in new orders since July. A reading above 50 means expansion while anything below that signals contraction.

The uptick in business confidence was accompanied by a rise in inflationary pressures, the survey showed. That trend may keep monetary policy makers from resuming interest-rate cuts anytime soon, leaving most of the heavy-lifting to boost growth with the government.

“The relative stability in macro indicators over the past two months suggests that the worst is behind, but the recovery is likely to be prolonged,” said Teresa John, an economist at Nirmal Bang Equities Pvt. in Mumbai. “Still, sluggish growth and rising inflation indicate that India may well remain in stagflation for most of 2020.”

Exports

Exports remained a laggard, falling 1.8% in December from a year ago. The drag was mainly because of a fall in export of engineering goods, which constitute a third of India’s non-oil exports.

Capital goods imports continued to contract and was lower by 16.5% year-on-year in December after a 22% drop in November. This was the seventh consecutive month of continuous decline, underscoring the weakness in the capex cycle, according to IDFC First Bank.

Consumer Activity

Weakness in demand for passenger vehicles persisted, with local sales falling 1.2% in December from a year ago, according to the Society of Indian Automobile Manufacturers. That capped the worst yearly passenger vehicle sales on record. A Nielsen study on demand for fast-moving consumer goods showed volume growth dropped to 3.5% in the last quarter of 2019 from 3.9% in the same period of 2018.

Funding conditions held out hope, showing considerable improvement in December, according to the Citi India Financial Conditions Index. Credit growth remained tardy though, with demand for loans rising at a slower 7.1% pace from a year ago compared with a nearly 8% growth in November.

Industrial Activity

Industrial output rose for the first time in four months in November. The pick up was broad-based, led by mining, manufacturing and electricity. Mining and manufacturing, in particular, posted a second month of sequential growth. Production of consumer goods also rose after a few months of contraction.

The index of eight core infrastructure industries, which feeds into the index of industrial production, however, declined 1.5% in November from a year ago -- the fourth straight month of contraction. That was on account of shrinking production of electricity, steel, coal, natural gas and crude oil. Both the core sector and industrial output numbers are reported with a one-month lag.

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News Network
January 22,2020

Jan 22: Microsoft Corp’s chief executive officer said he worries that mistrust between the US and China will increase technology costs and hurt economic growth at a critical time.

Using the $470 billion semiconductor industry as an example of a sector that is already globally interconnected, Satya Nadella said the two countries will have to find ways to work together, rather than creating different supply chains for each country.

“All you are doing is increasing transaction costs for everybody if you completely separate,” Nadella said in an interview with Bloomberg News Editor-in-Chief John Micklethwait at Bloomberg’s The Year Ahead conference in Davos. That’s a concern as the executive said the world is on the cusp of a revolution around technology and artificial intelligence.

“If we take steps back in trust or increase transaction costs around technology, all we are doing is sacrificing global economic growth,” he said.

The agreement signed last week between the US and China was “not sufficient,” said Nadella, but represented “progress” on the issue of intellectual property protections for US technology companies working with China.

Nadella said he worries about the development of two separate internets, noting that to some degree they already exist “and they will get amplified in the future” with massive technology companies already in place in China.

The viewpoint clashes with Microsoft co-founder Bill Gates, who has been sceptical about the idea that ongoing US-China trade tensions could ever lead to a bifurcated system of two internets.

China and the US are the two leading AI superpowers, however the cooling political relations between them have slowed the international collaboration.

Nadella also warned that countries that fail to attract immigrants will lose out as the global tech industry continues to grow. The CEO has previously voiced concern about India’s Citizenship Amendment Act, calling it “sad.”

“However, Nadella said he remained hopeful.

“The fact that there is a 70-year history of nation-building, I think it’s a very strong foundation. I grew up in that country. I’m proud of that heritage. I’m influenced by that experience.”

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