Indian markets end positive on Tuesday, bank unions threaten strike to protest against increased work load
Some the key stocks that gained on Tuesday were HDFC, Adani Ports, ONGC, SBI and Tata Steel while Maruti Suzuki, HUL, Axis Bank, ITC and Lupin turned losers.
NDTV reported on Tuesday that Russia has threatened to take "counter steps" and lodge a diplomatic protest with India over the notes ban, which the country says has left its diplomats struggling for cash in Delhi.
Quoting Russian Government sources, the news channel said that Ambassador Alexander Kadakin is waiting for a reply to his letter to the Ministry of External Affairs on December 2.
Moscow, say sources, may summon the Indian envoy this week to protest against the Rs. 50,000 a week limit on withdrawals since the notes ban on November 8.
A section of the bank unions have threatened to go on strike if the heavy work pressure on bank employees following the demonetisation is not reduced, according to media reports on Tuesday.
C H Venkatachalam, general secretary of All India Bank Employees Association (AIBEA), told Business Standard that if the problems for bank employees continue, the unions would be compelled to strike.
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