Farmers Protest Severely Impacting Post-Covid Economy: Industry Body
Trade and other activities of about Rs 5,000 crore have been affected in Delhi and its surrounding states in the last 20 days
PTI 15 December 2020 PTI Photo/Vijay Verma outlookindia.com 2020-12-15T20:28:35+05:30
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Industry body Assocham on Tuesday urged the Centre and farmers organisations to resolve the impasse over the new agri laws, saying that the protests are inflicting a heavy blow to the economies of Punjab, Haryana, Himachal Pradesh and J&K. A daily loss of Rs 3,000-3,500 crore is resulting in the economies of the region from the value chain and transport disruption because of the protests, according to a rough estimate by the chamber.
Industry organisation Assocham on Tuesday appealed to the Centre and farmers’ outfits to resolve their issues regarding the new agri-marketing laws, as the protests are affecting the economies of Punjab, Haryana, Himachal Pradesh and Jammu and Kashmir.
“A daily loss of Rs 3,000-3,500 crore is resulting in the economies of the region from the value chain and transport disruption because of the protests,” the chamber said in a rough estimate.
Assocham President Niranjan Hiranandani noted, “The size of the combined economies of Punjab, Haryana, Himachal Pradesh and J&K is about Rs 18 lakh crore. With the ongoing farmers agitation and blockade of roads, toll plazas and railways, the economic activities have come to a halt.”
Mixed response to ‘Bharat Bandh’ in national capital PTI
New Delhi: A nationwide strike called by farmer unions against the Centre’s agri laws received a mixed response in the national capital Tuesday. Most businesses and transport services operated normally. However, more protesters converged at the national capital’s borders to join the farmers’ stir while authorities maintained tight security. The farmer unions however called the strike successful.
Chants of ‘Jai Kisan’, ‘Humara bhaichara zindabad’, ‘Kisan ekta zindabad’, ‘Tanashahi nahi chalegi’ rent the air as farmer leaders gave rousing speeches at the protest sites. They vowed to continue their agitation.
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Walmart to support Modi s Make in India via higher exports Quartz 12/11/2020
Walmart is trying to prove its loyalty to India.
The Bentonville-based retail major yesterday (Dec. 10) said it will triple its exports from India to $10 billion (Rs73,680 crore) a year by 2027. “By significantly accelerating our annual India exports in the coming years, we are supporting the Make in India initiative and helping more local businesses reach international customers while creating jobs and prosperity at home in India,” Doug McMillon, president and CEO of Walmart said in a press release.
The announcement comes at a time when the Narendra Modi government has been encouraging local and multinational companies to “make in India for the world.” The government has so far committed incentives worth up to Rs2 lakh crore for companies to set up factories in the country. New Delhi hopes this scheme will woo companies that may be looking to exit China amid rising tension between the eastern