All-India strike hits banking, transport services
Solidarity with our sisters and brothers in India as they organize -
New Delhi, February 28, 2012
Millions of workers of all political hues have gone on strike across India 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 includes 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 have also joined 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.
The strikers have a long list of demands. Among them, they want the government to take measures to contain inflation, provide universal social security cover for workers in the vast unorganised labour sector, and to stop selling stakes in state-run companies.
"We will have to think about our future course of action if the government does not come forward with proposals on how it will react to our demands," G. Sanjeeva Reddy, president of the Indian National Trade Union Congress, the ruling party's trade union, said...
More here: http://www.hindustantimes.com/India-news/NewDelhi/All-India-strike-by-major-trade-unions-today/Article1-818173.aspx
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