• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Bandh costs India Rs 13,000 crore in losses

By Samyuktha
|

New Delhi, Jul 6: The 12-hour Bharat Bandh called for by the Opposition to protest against spiralling prices costed the country a loss of an estimated Rs 13,000 crore.

The Bandh which was effected by the Opposition parties across the country on Monday, Jul 5, has accounted for a loss of Rs 13,000 crore, according to Federation of Indian Chambers of Commerce and Industry (FICCI).

However, the Confederation of Indian Industries pegged the loss at Rs 3,000 crore, which experts feel is an understatement.

Maharashtra, Delhi, Karnataka were among those states which were badly affected by the bandh. While railways, road transport and aviation services took a hit in several states, public properties were at the receiving end of Opposition workers' anger.

While Bharatiya Janata Party and Shiv Sena workers went on a rampage in Maharashtra, the IT industry in Karnataka took a hit as the BJP-ruled government made sure that the call for bandh was fully respected.

TV Mohandas Pai, HR head, Infosys Technologies told a newspaper that the IT giant lost close to Rs 50 crore as they were forced to shut down operations on Monday, Jul 5.

“We took a decision to shut down our operation because the government withdrew public transport. The government, by its action, created a sense of fear and threat of violence in the streets. It"s a big shame that the city had to be close down… We (Infosys) stand to lose close to Rs 50 crore," he told DNA.

The same amount was quoted by Girish Paranjpe, joint CEO (IT business) and executive director on the board of Wipro Ltd, who also added that the company will recover it by working on an alternate day.

As expected, the non-UPA ruled states were the worst hit. While the Opposition parties are feeling triumphant now, the common man and the the industrial giants are fuming.

OneIndia News

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more