LBT: Hit ‘hard’ by strike,traders’ unions may call off protest today

Traders to meet CM Prithviraj Chavan today,expect positive result from meeting.

Written by Express News Service | Published:May 14, 2013 1:57 am

Traders to meet CM Prithviraj Chavan today,expect positive result from meeting.

In view of the “adamant stance” taken by the state government and the continuous loss of revenue,the Federation of Traders’ Union is likely to call off the strike on Tuesday.

It’s been six days since the traders and shopkeepers have gone on an indefinite strike and all major markets in the city were kept closed in protest against imposition of LBT by the government. The strike continued even on Tuesday,in spite of it being Akshay Tritiya,a day considered auspicious for business.

It is estimated that jewellers have lost about Rs 250 to 300 crores in the city due to loss of business on this festive occasion.

Although the union leaders maintained a strong stance on continuing their protest,the strike was slowly seen to fizzle out,with many traders doing ‘backdoor business’. Most food items and grocery shops in residential areas also remained open for business. Some shopkeepers complained that they have lost heavily due to the strike during the wedding and the festive season.

“We have been hit hard by the strike. We have incurred heavy losses,” said a crestfallen trader on condition of anonymity.

Fatehchand Ranka,the treasurer of the Federation of Trade Unions,said that the leaders of the federation will meet Chief Minister Prithviraj Chavan on Tuesday and if a favourable decision is taken,an announcement will be made on whether or not they would continue with the strike. “We will meet the CM tomorrow and if something positive comes out of the meeting,we will definitely make an announcement,” Ranka said.

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