Bharat Bandh in Bengal to cost about Rs 500 crore
The 12-hour Bharat Bandh called by the ruling Left Front in West Bengal will cost the state close to Rs 500 crore what with an estimated production loss of 61-62 per cent.kolkata Updated: Apr 27, 2010 10:06 IST
The 12-hour Bharat Bandh called by the ruling Left Front in West Bengal will cost the state close to Rs 500 crore what with an estimated production loss of 61-62 per cent.
"According to a rough estimate by the Indian Chamber of Commerce (ICC), the total loss due to a 12-hour bandh in West Bengal would be approximately Rs 496 crore of the Gross State Domestic Product," ICC Senior Vice-President P Jayanta Roy said.
"Annually the percentage loss per bandh to gross and net SDP stands at 0.21 per cent and 0.2 per cent respectively. Quantification of non-economic loss is, however, not feasible," Roy said.
"This mainly includes loss of investors' interests, damage to state's impression to prospective investors, damage to industrial climate, socio-political unrest etc," he added.
The Bharat Bandh has been called by 13 non-UPA and non-NDA parties, including the Communist Party of India (CPI), Biju Janata Dal, Communist Party of India (M), Lok Janshakti Party (LJP), Indian National Lok Dal (INLD), Samajwadi Party (SP), Rashtriya Samajwadi Party (RSP), over price rise.