Hyderabad: The indefinite strike called by the lorry and truck owners has been withdrawn following the meeting between the lorry owners and officials of IRDA today. As a result it has been decided to reduce the hiked insurance premium of these vehicles.
Earlier, the lorry owners in Southern Region were on indefinite strike from March 30 to press their demands. There was meeting yesterday in the presence of Cabinet Minister but it did not yield any result. The authorities have approved of the demands of the lorry owners partially in today’s meeting.
Truck operators under the banner of All India Motor Transport Congress (AIMTC) had joined indefinite strike called by their southern counterparts demanding rollback of steep hike in third party insurance premium, among others, from midnight tonight.
The owners had clarified that they will block lorries carrying load. A section of lorry owners had withdrawn from the strike earlier.