At Rs 300 cr, Mumbai is the biggest loser

Updated On: 01 June, 2012 07:16 AM IST | | Vinod Kumar Menon

Commercial transaction came to a grinding halt yesterday, with a large part of the eight million-strong work force staying away from their offices; citizens' rights groups plan to sue parties for contempt of court order

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At Rs 300 cr, Mumbai is the biggest loser

The nation-wide bandh called by the NDA yesterday crippled the commercial capital of the country, causing it to incur losses worth Rs 270-300 crore. MiD DAY spoke to economists, who revealed that the city has a population of approximately 20 million, of which about eight million account for the workforce. On an average, each member of this workforce has an income of Rs 1 lakh per annum, while the daily wage is around Rs 270.Economist Ajit Ranade said, “Forcibly stopping work during a bandh hits the poor and daily wage labourers the hardest.”

Pay up!u00a0A voluntary citizens’ rights group is now seeking legal advice to file contempt proceedings against BJP and Shiv Sena for calling the bandh, in violation of a Bombay High Court order. Pic/Pradeep Dhivar