Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
10,704.80-135.85
Stock Analysis, IPO, Mutual Funds, Bonds & More

BJP government's silence on job losses dangerous: Priyanka Gandhi

Priyanka Gandhi tagged the media report on Twitter which said auto parts industry is fearing that 1 million jobs could be at stake due to the slowdown.

PTI|
Jul 26, 2019, 11.00 AM IST
0Comments
PTI
Priyanka-Gandhi-PTI
"The silence of the BJP government on job losses, weakening trade and policies damaging the economy is most dangerous," Priyanka Gandhi claimed.
Congress general secretary Priyanka Gandhi Vadra on Friday cited a media report to claim that jobs of 10 lakh people in the automobile sector were in danger and asserted that the BJP government's silence on job losses was "most dangerous".

Her remarks came after industry body ACMA on Wednesday said around 1 million jobs could be on the line if the prolonged slowdown in the automobile industry continues.

Priyanka Gandhi tagged the media report on Twitter which said auto parts industry is fearing that 1 million jobs could be at stake due to the slowdown.

"Jobs of 10 lakh people working in the auto sector are in danger. People working in this sector will have to search for new job avenues," she said.

"The silence of the BJP government on job losses, weakening trade and policies damaging the economy is most dangerous," Priyanka Gandhi claimed.

The Automotive Component Manufacturers Association of India (ACMA), which represents the auto component industry that alone employs around 5 million people, has sought a uniform GST of 18 per cent for the entire automobile sector in order to revive the vertical which has now witnessed 10 months of continuous decline in sales.

ACMA president Ram Venkataraman had said considering the fact that the auto component industry grows on the back of the vehicle industry, a current 15-20 per cent cut in vehicle production has led to a crisis-like situation.

"If the trend continues, the layoffs are inevitable and an an estimated 10 lakh people could be laid off," he said.

Also Read

Govt mum after 'ruining economy': Priyanka Gandhi

Priyanka Gandhi slams govt over state of economy

Insult of Dalit voices cannot be tolerated: Priyanka Gandhi

Article 370 nullified in unconstitutional manner: Priyanka Gandhi

Shatrughan Sinha favours Priyanka Gandhi as Congress chief

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service