Technical drawbacks due to Diesel hike 

 Diesel price hike would have an additional implication of Rs four to Rs 17 per kg in the cost of production of yarn, causing unrest in handloom and powerloom segments of textile industry, Southern India Spinning Mills (SIMA) said today.There would also be an substantial increase in indirect costs like transportation.

Tamil Nadu accounted for one-third of textile business in the country giving direct employment to 50 lakh people, fetching Rs 50,000 crore forex earning and accounting for 47 per cent of yarn production.

The state has to procure over 95 per cent of its raw materials, particularly cotton, from states like Gujarat and Maharashtra.

Over 6 million handloom and power loom weavers across the country were suffering due to the abnormal cost of inputs in the last three years and the price hike would lead to unrest in the sectors, he cautioned.

SIMA also demanded immediate roll back of the hike to protect the industry and the people who depended on it.

Though the response to the bandh was mixed, a Confederation of Indian Industry (CII) release said that Thursday's bandh has been disruptive for business and trade in many parts of the country. The release further said that though an exact loss for the entire economy is not known, it can be estimated that almost Rs. 12,500 crores has been the loss to the country in terms of disruptions in production and trade.

"After a cut in our spending on buying vegetables and other essentials, we many now have cut down even the cooking," said Rama Devi, a housewife at a protest in the neighbouring state Andhra Pradesh, where effigies were also burned.

Can't the government brings a change...??????