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Trade Union Protest in India Today Against Privatization and Impact of a Slowing Indian Economy on Jobs

Bharat Bandh: Trade Unions in India protest against privatisation and a slowing Indian economy on jobs.

 

SLOWDOWN

Trade Unions in India protest against privatisation and impact of a slowing economy on jobs. 

Pushback: More than 10 national trade unions across India held strikes today disrupting transport and banking services in a protest against some of the government's policies such as privatization of state run companies Air India and BPCL, as well as a merger of public-sector banks. These have a substantial impact on jobs, especially in the backdrop of a slowing economy. 

 

Meanwhile, the government has warned its employees that participation in the strike in any form would lead to deduction of wages and “appropriate disciplinary action”. Reuters

 

Q3 growth expected to remain subdued for FMCG companies.

Slow Moving Consumer Goods?: Fast Moving Consumer Goods (FCMG) companies are expected to post a subdued growth in Q3 on the back of muted demand. Impact of floods persisted in the early part of Q3 along with liquidity concerns and weak rural demand.

 

Volume growth is expected to be in low-to-mid single digits. The news comes after FMCG volumes had hit a two-year low in Q2 FY20. The Asian Age

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