Punjab’s economic bleeding will stop when?

Corona and protests against farm laws combined have caused Rs 40,000 crore loss amid loans of Rs 2.48 lakh crore on the Punjab government
Punjab’s economic bleeding will stop when?
Punjab’s economic bleeding will stop when?
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The farm laws enacted by the central government are notfinding favor from Punjabi farmers who claim that their minimum support price (MSP)will not be ensured. To raise the volume of their displeasure, they chose to blockrailway tracks. The Chief Minister of the state, Captain Amarinder Singh haspassed bills that stand against the central government laws.

Appreciating the plight of Punjabis, the farmers agreed tolet freight trains ply through the state. The centre retorted that if both the freightand the passenger trains will ply, then the freight trains will resume duty.

Punjab’s industries are being killed by a thousand cuts bythe Centre’s reluctance to resume the freight trains.

It is worth reminding that the six-month lockdown that hadto be put in place because of the Corona Virus too brought the businesses to astandstill. When there was a hope of the industries recovering in Punjab, the stalemateon the freight trains is making the closing down of the businesses a possibility.

The losses incurred so far run into huge figures.

Corona and protests against farm laws combined have caused Rs40,000 crore loss amid loans of Rs 2.48 lakh crore on the Punjab government

Woolen industry – Rs 12,000 crore worth of hosiery is stuckin Punjab. This supply is already delayed as it was supposed to be handed overto the customers in March-April this year.

Auto parts – The export business has halved. Rs 39,500 croreis the turnover of the industry of which 20 to 30% is for export. Production isalso severely hit, being down by 25-30%.

Cattle feed – Rs 10,000 crore worth of this business hasbeen affected.

Sports industry – Rs 5,700 worth of sports goods are stuckin the state.

It is not like that the farmers are immune to anydisturbances caused by the freight trains impasse. Raw materials required forsuccessful crops, and their supply too has been disrupted. For instance, 25lakh ton of urea is required in Punjab for one season of crops.

Furthermore, the power generation plants of Punjab see adire immediate future because the stocks of coal have not been replenished.

The common man has also been hit hard. The prices ofeveryday goods have not stopped their rise since the pandemic Corona virusshowed up at our doors. It is worth mentioning that the shine of the festive seasonhas been dulled for Punjabis. The goods that are manufactured in other states areexpected to become costlier by 30 to 35%, for example make-up products, dryfruits, spices, dairy products.

Moreover, the jobs of individuals in unorganized sector arehanging in the balance.

All in all, it is a pretty grim picture in the state ofPunjab. The troubles will take time, but the recovery can begin when the freighttrains begin plying.

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