Strike estimated to cause economic loss of over $2 billion
"Today's bandh has been disruptive for business and trade in many parts of the country. While an exact loss for the entire economy is not known, it can be estimated that almost Rs 12,500 crore has been the loss to the country in terms of disruptions in production and trade," the CII said.
The industry association said the government should not roll back the recent reform measures under political pressure.
"Good economics seldom makes for good politics, and therefore it is important to communicate to the masses the merit and necessity of the reform measures announced by the government," the CII said.
In a rare show of unity, leaders of the Communist parties and the Bharatiya Janata Party (BJP) came together to denounce the government's decision to hike diesel prices and allow foreign direct investments (FDI) in multi-brand retail trade.
The Delhi Police is likely to conduct more raids in connection with the IPL spot-fixing scandal. Teams of the Delhi Police's special cell have been sent to Mumbai, Ahmedabad, Hyderabad, and Kolkata to conduct searches and track the money trail in the IPL spot-fixing case.
Date 17-05-13, Duration 1:21, Views 366