Prices likely to go up on transporters' strike

Agencies
Posted: Monday, Jan 05, 2009 at 1201 hrs IST
Updated: Monday, Jan 05, 2009 at 1201 hrs IST

Font Size

Feedback

Discuss

Forex reserves fall to $285.34 billion Export decline arrested; outlook positive Dubai debt delays revive fear of crisis

Mumbai: Prices of essential commodities and vegetables are expected to rise following an indefinite nationwide transporters' strike by the All India Motor Transport Congress, its spokesperson said on Monday.

The strike call, given by 4,000 associations affiliated to the All India Motor Transport Congress (AIMTC), commenced from Monday midnight following which prices of essential commodities may shoot up if it continues for the next four to five days, AIMTC spokesperson N L Gupta said in Mumbai.

Transporters have demanded that the government introduce a bailout package for the sector to address issues such as high price of diesel, tyres, and permits, besides other demands.

They have demanded reduction of diesel price by Rs 10 per litre since crude oil prices in the international market have declined drastically.

The list also includes levying uniform four percentage point VAT on diesel, scrapping registration and return filing requirements in the new Carriers Act, reducing tyre prices by 30-35 per cent and rolling back national permit fees from Rs 5,000 to Rs 1,500.

"There are no serious efforts from the government on resolving the transporters issues. We had meetings with the Surface Transport Ministry on Saturday and Sunday without any progress," Gupta said.

The strike will affect the supply of daily goods and estimates are that there could be a revenue loss of above Rs 50,000 crore, a trader Pravin Chedda said in Mumbai.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Comments

» Lorries off the roads

Posted by chanakya on 2009-01-05 13:52:00.683272+05:30
These chaps are playing with common man and government. They are trying to pose as mafia gangs controlling the economy. They are reluctant to revise the increased rates as the price of diesel has decreased. So to put up some non issues as a way to skip price decrease these chaps are playing with us. Governemnt should ban this attitude of every person calling shots. May be we are democracy but that should not mean that any body can go on strike. The essential services should not be allowed to be disrupted. If need be these provocative leaders must be restricted from meeting the press and specially Electronic media. Strict penalities must be imposed on these elements.

Reply Forward

» END THE STRIKE IMMEDIATELY

Posted by MYDAKSHA.COM on 2009-01-05 11:35:40.559932+05:30
ACCEPT THE MOST CONDITION AND THE STRIKE BEFORE IT CASUSES MORE DAMAGE. IT IS JUST NOT WORTH TO EXPERIMENT. ------RAJESH DHARIA

Reply Forward

Latest News

Print Edition

Events

Prices likely to go up on transporters' strike

Post Comments