Wednesday, August 25, 2004
Indian strikes spread to banking sector
Yahoo! News - Indian strikes spread to banking sector: "India's public-sector banking system virtually ground to a halt on Tuesday as hundreds of thousands of employees went on strike for higher wages against a backdrop of sharply rising inflation.
The one-day bank strike [...] coincided with the fourth consecutive day of a strike by national truck-owners in protest against a 10 per cent service tax imposed in last month's budget.
The two strikes were unrelated. But government officials are concerned that rising inflation could feed into more industrial unrest in the coming weeks. "
The one-day bank strike [...] coincided with the fourth consecutive day of a strike by national truck-owners in protest against a 10 per cent service tax imposed in last month's budget.
The two strikes were unrelated. But government officials are concerned that rising inflation could feed into more industrial unrest in the coming weeks. "
