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General Strike

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Reuters reports on the day’s biggest news:

Millions of workers of all political hues will go on strike across the country on Tuesday to express their anger at soaring prices and to back demands for improved rights for employees, trade unions and political activists said.

The strike, which will include workers from state-run phone companies, bus drivers and postal workers, is a new headache for Prime Minister Manmohan Singh’s government as it grapples with weakening economic growth and faces elections in several states.

Workers linked to the ruling Congress party will join the protest and have promised further action if their demands are not met.

The protests are not expected to significantly affect banks and financial markets in Asia’s third-largest economy, but traders said there could be some volatility in the bond market if volumes are lower than normal. “Volumes could be lower, but settlement should happen,” said a senior dealer at a state-run bank.

Tuesday’s strike will be the 14th general strike since India opened up its economy with major reforms in 1991.

Feb 28, 2012

China Post reported:

Shops and banks were closed, factories shuttered and traffic sparse in major cities across India during an industrial strike Tuesday called by trade unions against the government.

Delhi and Kerala were hit. Mumbai was largely unaffected.

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Written by Arhopala Bazaloides

February 27, 2012 at 3:12 pm

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