Millions of workers yesterday began a nationwide two-day strike across India to express their anger at the government’s economic policies and to back demands for improved rights for industrial workers, employees and farmers.
About a dozen of the country’s labor unions that have organized the strike want the government to provide universal social security cover for workers in the vast unorganized sector, hike the minimum wage under its flagship employment guarantee program and stop the privatization of public sector banks.
The strikers are also demanding the government halt its plans to monetize state assets.
Photo: Reuters
Indian Prime Minister Narendra Modi’s government says privatizing some state-owned banks would overhaul the banking industry and that the asset monetization model would help raise money to spur economic growth.
All Indian Trade Union Congress, one of the largest trade unions in the country, said it was expecting more than 200 million formal and informal workers to join the strike. Demonstrations were planned in New Delhi, Mumbai, Kolkata and other major cities.
The Bharatiya Mazdoor Sangh, an important trade union affiliated with the ruling Bharatiya Janata Party, said it would not be participating in the strike, calling it “politically motivated.”
Photo: AFP
Essential services related to banking, transportation, railways and electricity are likely to be affected in several states due to the strike.
A number of public sector banks, including India’s largest lender, the state-run State Bank of India, have said that banking services might be affected because many employees are expected to participate in the strike.
India’s economy has bounced back after experiencing a major blow during the first two years of the COVID-19 pandemic, but many jobs have disappeared, with the unemployment rate rising to 8 percent in December last year.
Modi’s government last year grappled with huge farmer protests that demanded a complete repeal of the controversial agriculture laws it had billed as necessary reforms.
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