Bharat Bandh: Delhi incurs loss of ₹300 crore so far, says traders' body as farmers' protests continue
Bharat Bandh: Two farmers' unions, including the Samyukta Kisan Morcha (SKM) and Bharatiya Kisan Union (BKU) have called for Bharat Bandh on February 16, to get their demands fulfilled. Delhi alone is expecting to have lost around ₹300 crore in business amid the ongoing protests, according to Praveen Khandelwal, the national secretary general of the Confederation of All India Traders (CAIT).
“The ongoing farmers' protest has impacted trade in Delhi, resulting in an estimated loss of approximately ₹300 crore so far. The absence of around 5 lakh traders, who typically visit Delhi from nearby states for purchases, further exacerbates the economic downturn," said Khandelwal.
Also Read | Karnataka: CM Siddaramaiah announces ₹3.71 lakh crore budget | Key highlights “Additionally, shops situated near areas with blocked roads experience substantial losses, as the blockade hampers both customer footfall and logistical operations. This disruption highlights the urgent need for a resolution to the ongoing protests to mitigate further economic fallout and restore normalcy to trade activities in Delhi," he further added.
The farmers' unions claimed that the government hasn’t made development on other crucial demands such as Minimum Support Price (MSP), a doubling of farmers’ income and loan waivers. The demand for legislation that will guarantee minimum prices is at the heart of their protests.
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