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Hundreds of thousands strike in India over plans to privatize state assets

Crowds also protest inflated prices and inadequate labour laws.

February 28, 2012: Postal, banking, transportation and port services take a hit as strikers march out to voice concerns over asset sales and dissatisfaction with labour laws. Dozens of trade and labour unions support the action.

"A strike in India involving at least 800,000 people protesting rising prices and proposed sales of stakes in state-run companies began on Tuesday, according to local NDTV channel.

The Cabinet of Ministers under Prime Minister Manmohan Singh previously initiated an extensive campaign to sell the state stakes in order to reduce the budget deficit..."

For the complete article, please click here.

Posted: March 19, 2012

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