Thursday, June 19, 2025
More
    HomeAndhra PradeshAP BRS announces protest against the proposed privatisation of Vizag steel plant

    AP BRS announces protest against the proposed privatisation of Vizag steel plant

    Related stories

    Senior Congress members in Rjnr unhappy with leadership for being ignored

    RANGAREDDY: Congress leaders in Rajendranagar are reportedly unhappy due...

    MLA Dhanpal meets with Collector

    Nizamabad: MLA Dhanpal Suryanarayana visited T Vinay Krishna Reddy,...

    Crypto Market Sees Negative Outlook After Fed Keeps Interest Rate Unchanged Like BoJ

    The post Crypto Market Faces Short-term Bearish Sentiment After Fed Left Interest Rate Unchanged Akin to BoJ appeared first on Coinpedia Fintech News After the Bank of Japan (BoJ) held its uncollateralized overnight call rate unchanged on Tuesday, the Federal Reserve has followed a similar path. On Wednesday, Fed Chair Jerome Powell announced that the Fed Funds Rate will remain between 4.25 percent and 4.5 percent. During his speech on Wednesday, Powell said that the near-term inflation expectations …
    -Advertisement-

    The Andhra Pradesh Bhavanarayana Rao Sangham (AP BRS) has announced a protest against the proposed privatisation of the Visakhapatnam Steel Plant (VSP). The decision to privatise the VSP, which is also known as the Rashtriya Ispat Nigam Limited (RINL), was taken by the central government in January 2021. The AP BRS has called for a state-wide bandh on 26th January 2021 to protest against the decision.

    The VSP is one of the largest public sector steel plants in India and has been a major contributor to the economy of Andhra Pradesh. The plant was established in 1982 with the help of the Soviet Union and has since been a symbol of India’s self-reliance in the steel sector. The proposed privatisation of the VSP has been met with strong opposition from various quarters, including trade unions, political parties, and civil society organisations.

    - Advertisement -
    Also read:  Uttam urges Centre to stop Banakachera-Godavari project in AP

    The AP BRS, which is a trade union representing the employees of the VSP, has expressed concern that privatisation will lead to job losses and a decline in the quality of steel produced. The union has also pointed out that the VSP has been consistently profitable over the years and there is no need for privatisation. The protest by the AP BRS is expected to be supported by other trade unions and civil society organisations, and could lead to a disruption of normal life in Andhra Pradesh on 26th January 2021.

    - Advertisement -
    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
    Latest News from Hyderabad, Telangana, India & World!

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here