Published On : Thu, Sep 1st, 2016

Nagpur: What will be affected by Friday’s ‘Bharat Bandh’ by Trade Unions

Bharat Bandh by trade union

All India Trade Unions Congress and Centre of Indian Trade Unions have rejected appeal to call off strike (File Pic)


Nagpur: More than a million workers in banking, telecom and other sectors will go on strike on tomorrow to press their demand for better pay and in protest against new labour and investment policies.

  • Banks, government offices and factories will close. In some states, local unions have agreed to join the strike which means public transport could be affected.
  • Power plants have enough coal on hand to operate even if nothing is mined over the next 50 to 60 days, said Coal and Power Minister Piyush Goyal.
  • The workers of state-run Coal India Ltd are among those who will strike tomorrow.
  • The turnaround of Coal India has been one of the Modi government’s main successes, and the company is producing so much these days that it is having to consider exports for the first time.
  • Trade unions including the All India Trade Unions Congress and Centre of Indian Trade Unions rejected a government appeal on Tuesday to call off the strike, saying it failed to address their demands.
  • They have objected to the government loosening the norms for foreign investment in areas like insurance and defence. They are also opposed to a plan to close loss-making state-run firms.
  • The government aims to raise Rs. 55,907 crore ($8.35 billion) through privatisation this fiscal year, and shut down some companies. Losses at 77 state-run companies exceeded $4 billion or Rs. 26,780 crore in the last fiscal year.
  • To persuade the unions to call off the strike, Finance Minister Arun Jaitley said on Tuesday that the government will release state employees’ bonuses for the last two years, and increase minimum wages for unskilled labourers.
  • The unions also oppose a government directive to state-run pension funds to put more money into stock markets.
  • The Bharatiya Mazdoor Sangh, which is affiliated with the Hindu nationalist group Rashtriya Swayamsevak Sangh, the ideological parent of the BJP, is not joining the strike.