SBI strike hits Mizoram's economy hard | india | Hindustan Times
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SBI strike hits Mizoram's economy hard

Mizoram has highest percentage of government employees and economy depend heavily on their salaries.

india Updated: Apr 08, 2006 21:51 IST

The nationwide strike by employees of the State Bank of India (SBI) has resulted in cash scarcity and hit business, big and small, very hard in Mizoram.

Mizoram has the highest percentage of government employees and the economy depend heavily on their salaries.

But employees, both of the central and the state government, are yet to draw their March salaries as the strike began at the outset of the new fiscal.

Large business houses which sell sports goods, ready-made garments and utensils said their sales plummeted to a record low in the past five days after the strike began.

Meat and vegetable sellers in Aizwal told a news agency that they can hardly sell their wares and their sale was not even a quarter of what they sold on Saturday last week.

Saturday is the main shopping day in the week for the residents of the state.

Local leaders of the State Bank of India Employees Association said the strike which began on April 3 is likely to continue as their leaders in New Delhi have refused to call off the agitation.