Bharat Bandh caused Rs 12,500 crore loss: CII
Posted on: 04:22 PM IST Sep 20, 2012
New Delhi: The Confederation of Indian Industry (CII) on Thursday estimated the loss caused by Bharat Bandh at Rs 12,500 crore. The industry body said that the strike was disruptive for business and trade in many parts of the country.
The NDA and Left Front called nationwide strike draw a huge response with shops remaining closed in most parts of the country. Schools and colleges also remained shut. Public transport was off the roads at many places while protesters also halted trains affecting rail services.
The government, however, maintained that there will be no backtracking on the reforms as the country needs "massive" growth. Senior ministers said that there was no threat to the stability of the government even if the Trinamool Congress quits and hinted at scouting for new allies.
They insisted that the strike organised by eight non-UPA parties as well as NDA has had no impact except for causing economic losses.