Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Siricilla Tragedy related to suicide of 50 Powerloom workers is the after effect of _______________.

Options:

Disinvestment

Power Sector Reforms

Agriculture Reforms

Demonetisation

Correct Answer:

Power Sector Reforms

Explanation:

The correct answer is option (2) : Power Sector Reforms

"Power sector reforms in many Indian states led to do away with the supply of electricity at subsidised rates and steep rise in power tariff. This has affected workers engaged in small industries. Powerloom textile industry in Andhra Pradesh is an example. Since the wages of the powerloom workers are linked to the production of cloth, power cut means cut in wages of weavers, who were already suffering from hike in tariff. This led to a crisis in the livelihood of the weavers and 50 powerloom workers committed suicide in a small town called ‘Siricilla’ in Andhra Pradesh. "