The 12-hour nation-wide bandh called by the ruling Left Front in West Bengal on Tuesday against price rise will lead to a production loss of close to Rs 500 crore to the state.
The 12-hour nation-wide bandh called by the ruling Left Front in West Bengal on Tuesday against price rise will lead to a production loss of close to Rs 500 crore to the state.
"According to a rough estimate made by the Indian Chamber of Commerce, the total loss due to a 12-hour bandh in West Bengal is approximately Rs 496 crore of the Gross State Domestic Product," ICC senior vice-president P Jayanta Roy said.
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"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.
The 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.
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