After members of 10 trade unions announced a nation-wide strike against the policies of government on Wednesday businesses across India were affected.
About 25 crore people across the country are said to be taking part in the strike with members of central trade unions leading the protest. These unions include AITUC, INTUC, CITU, AICCTU, CUCC, SEWA, LPF, along with various sectoral independent federations.
Talking to media, Amarjeet Kaur General Secretary of AITUC said, “We are protesting against rising prices, sale of the public sector, 100 percent FDI in railways, defence, coal, pharma, animal husbandry, security services, and codification of 44 (central labor) laws.”
Many companies in major cities of India have advised their employees to stay at their homes and work-from-home. Among all the sectors affected by the strike, the banking sector is said to be the worst affected.
Branch-based transactions took the worst hit as most PSU bank employees participated in the strike. Basic services like deposit and withdrawal, cheque clearance and instrument issuance were affected.
It has been estimated that the strike will impact about Rs.22,000 crore of bank transactions throughout the day. Transport services have also been affected due to protestors blocking railway tracks and road transport workers joining the protestors.
While the JEE Mains exam was conducted as per schedule, many associations and universities have postponed their respective exams in view of the strike.
The government of India has strictly asked it’s employees to restrain from taking part in the strike and if someone does take part, he/she might have to face severe consequences.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.