Home ECONOMY Day-long Congress bandh costs Odisha Rs 1000 cr loss

Day-long Congress bandh costs Odisha Rs 1000 cr loss


Odisha Sun Times Bureau
Bhubaneswar, Jun 27:

The dawn-to-dusk Odisha bandh organised by the Congress on Friday in protest against the gross irregularities in the ‘Brahma Parivartan’ rituals of the Lord Jagannath and His siblings has caused a revenue loss of around Rs 1000 crore to the state.

Unit II market

The day-long bandh has resulted in a revenue loss of around Rs 800-Rs 1,000 crore, much of it due to the transport system coming to a grinding halt. Railway services and movement of buses and trucks were completely paralysed while most industries were closed apprehending trouble.

“Manufacturing and services of Rs 800 crore to Rs 1,000 crore was affected due to the bandh on Friday. The annual domestic production in the state is around Rs 5 lakh crore. However, a proportionate loss of Rs 1300 crore was not caused as business was usual in some parts of the state. In view of this, the estimated loss comes to around Rs 1000 crore,” President, Utkal Chamber of Commerce and Industry Ramesh Chandra Mahapatra said.

The near total closure affected the banking services too. Yesterday being the last Friday of this month, transactions were expected to be high. However, the bandh has resulted in a loss of Rs 30-Rs 40 crore, Mohapatra said.

“Over 7000 bank branches across the state, barring a handful, were closed. But customers could not avail banking services as they were not allowed to enter into the banks. Due to the day-long closure, clearings worth Rs 10, 000 crore were held up,” convenor of the Odisha unit of United Forum of Bank Unions Jyoti Bhusan Mohapatra said.

Normal life and businesses in the industrial hubs in the state—Rourkela, Angul, Paradip, Sundargarh, Keonjhar and Talcher—came to a standstill.

Filling stations across the state remained closed due to the bandh call. Industry bodies estimate that over Rs 42 crore of petrol and diesel were unsold.

“At least 1780 kilo litres of petrol amounting to Rs 12.5 crore and 4930 kilo litres of diesel worth Rs 29.6 crore remained unsold across the state due to the shutdown,” Utkal Petroleum Dealers’ Association General Secretary, Sanjay Lath said.