The All India Motor Transport Congress (AIMTC), an apex body of transporters (both Cargo and Passenger), has served an ultimaturm to the government to resolve the issue by March 30.
They are protesting against the recent hike in third party insurance premium, partial de-control of diesel prices and levy of anti-dumping duty on import of tyres.
Meanwhile, the transporters are planning to raise their rates by 12 per cent, which will affect prices of all most all goods.
All most 60 per cent of goods movement in the country is by road. The AIMTC has 75 lakh truckers and transporters and 40 lakh bus and tourist operators as members.
"If the government does not resolve our issues by March 30, 2013, then all operations of trucking and transportation would be suspended indefinitely nationwide from midnight of April 1, 2013," Kultaran Singh Atwal, Vice President, AIMTC has said.
The Third Party insurance policy covers legal liability for any compensation to be paid arising from accident caused by one's vehicle. It has been hiked by nearly 35 percent and includes liability for death or injury to third parties like pedestrians, occupant of other vehicles, and outsiders other than passengers.