Trade between India and Pakistan comes to a grinding halt
PTI Trade between India and Pakistan remained disrupted for the second day today because of the strike by truck operators. Trade was disrupted at the Integrated Check Post (ICP) when sizeable members of the Attari Truck Union launched stir for indefinite period yesterday in support of their demands. The agitating truckers and drivers, along with their families, relatives joined the stir near the ICP. One of the Union leaders Kulwinder Singh said the Union has unanimously resolved to take up the matter with Amritsar Deputy Commissioner as well as Custom Commissioner for the redressal of their issues. He said influential transporters were overloading their trucks at lower prices allegedly in connivance with the officials posted at ICP. However, authorities at ICP ...
Indias gold imports drop 34% in February 2016
The Dollar Business Bureau India’s gold import plunged by 34% to 36.9 tonnes in February this year as compared to the same month of previous year. The imports of gold have been falling because of the ongoing strike, now entering into the 35th day, which, as the industry says, has significantly injured the domestic industry. Jewellers have been on an unending strike against the proposed 1% excise duty on jewellery. “In India, jewellery is largely produced by the SMEs and they are not equipped to follow the rigid compliance of excise norms. The imposition of excise would severely impact jewellery production in India resulting in loss of employment to the uneducated but skilled jewellery workers,” GJEPC Chairman Praveenshankar Pandya had said, ...
Strike affects clearing business at banks
Source: PTI Normal working at banks was affected on Wednesday due to a nationwide strike called by 10 central trade unions, although the staff of SBI, IOB, ICICI Bank, HDFC Bank and Axis Bank stayed away from the agitation. “23 public sector banks, 12 private sector banks, 52 regional rural banks and over 13,000 cooperative banks have gone on strike today to protest against government's pro- corporate policies,” said All India Bank Employees Association General Secretary C H Venkatachalam. He said that over half of the 10 lakh banking sector workers are supporting the strike call given by 10 central trade unions as their talks with the government on 12-points charter of demand failed last month. Venkatachalam further said that among public ...
