Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Bharat Bandh: Nation-wide two-day trade union strike hits banking, transport services

Feb 21 2013, 14:30 IST
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Noida violence has made authorities ultra-cautious, making for a tense stand-off against workers. (Reuters) Noida violence has made authorities ultra-cautious, making for a tense stand-off against workers. (Reuters)
SummaryNoida violence has made authorities ultra-cautious, making for a tense stand-off against workers.

the protesting trade unions staged demonstrations in various parts of Chennai.

Though there were reports that some labour unions representing employees of Maruti Udyog at its plants in Manesar and Gurgaon had joined the strike along with Unions of HeroMotoCorp, workers of the company attended duty in the state.

According to Union representatives of Hyundai Motor India Employees and Ford Motor India, which has manufacturing facilities at Sriperumbudur and Maraimalai Nagar, they have decided to conduct a mass rally today in view of the strike.

Transaction of cheques worth of Rs 3000 crore in Chennai were affected while most of the ATMs of several banks have dried out due to lack of cash.

In the north, public transport and banking services continued to be affected in Punjab, Haryana and Chandigarh due to the strike.

Reports pouring in from various places suggest that majority of state owned buses plying on inter-state routes and inter-city routes in Punjab, Haryana and Chandigarh did not ply.

With bank employees observing strike, banking transactions were hit, causing inconvenience to customers.

Industrial production in Punjab and Haryana was unaffected.

A report from Hisar has said activists of different trade unions staged dharnas in front of their respective offices.

Normal life was partially affected in several parts of Odisha due to the strike.

People faced difficulties in commuting as buses, taxis auto-rickshaws remained off the roads, leaving a large number of passengers stranded at different places.

Bank services in Mumbai hit as strike enters day 2

Mumbai: Majority of ATMs have dried up in the financial capital of Mumbai and banking operations across the city were hit on the second day of the general strike called by central trade unions for various demands.

"A majority of ATMs have dried up while the (bank) branches are shut. Additionally, there has not been any cheque clearing as personnel from RBI too joined the strike. It will take at least 2-3 working days to clear the backlog for banks", said All India Bank Employees Association Vice President Vishwas Utagi.

The strike witnessed near cent per cent participation by employees from banking and insurance sector in the financial hub, leaving their operations completely paralysed.

"We reiterate our demands, including the one for not allowing private sector participants into the fray for which we are holding the bandh", Utagi said.

Suburban railway, the city's life line, functioned normally and road traffic remained unaffected, though there were fewer passengers using public transport.

Flight operations at the Mumbai airport were also

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