Loss pegged at Rs 12,000 crore : 21st sep12 ~ E-Pao! Headlines

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Loss pegged at Rs 12,000 crore
Source: The Sangai Express

Imphal, September 20 2012: "Today's bandh (strike) has been disruptive for business and trade in many parts of the country.

While an exact loss for the entire economy is not known, it can be estimated that almost Rs 12,500 crore ($2 billion) has been the loss to the country in terms of disruptions in production and trade," the Confederation of Indian Industry (CII) said on Thursday.

It also said the government should not roll back the recent reform measures under political pressure.

"Good economics seldom makes for good politics and therefore, it is important to communicate to the masses the merit and necessity of the reform measures announced by the government," the CII said.

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