Monday January 26, 2015
The euro skidded to an 11-year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.
World News | Associated Press | Wednesday November 26, 2014
Greek journalists are on a 24-hour strike, pulling all newscasts off the air a day before a nationwide general strike against austerity measures.
India News | Reported by Radhika Iyer, Edited by Deepshikha Ghosh | Thursday November 27, 2014
The daughter of a Karnataka minister surveyed the best hotels in Bengaluru before she settled for a very special venue - one that she shared with 96 other couples.
Friday October 31, 2014
The Finance Ministry issued a circular today instructing government departments to cut discretionary spending by 10 per cent. As part of these measures, it banned first class travel by government officials, meetings in five-star hotels, purchase of c...
Thursday October 30, 2014
The ministry has also barred meetings at five-star hotels, the purchase of cars for government officials and the creation of new posts in central departments.
Thursday October 30, 2014
The austerity measures will include a 10 per cent cut in non-plan, or discretionary, expenditure. Interest and debt payments, the defence budget, salaries and pensions will not be affected, the statement said.
Shweta Rajpal Kohli | Thursday October 30, 2014
These measures include banning officials from first class air travel and a ban on creation of new posts in government.
Friday November 29, 2013
With its fiscal deficit widening to 84.4 per cent of the budgeted target in the first seven months and the revenue collection falling way below the target, India will have to undertake more austerity measures, Japanese brokerage Nomura said in a repo...
Wednesday October 16, 2013
Finance Ministry has asked all ministries and departments to buy air tickets directly from Air India counters or its official website to save on payment of commission to agents.
South | Press Trust of India | Thursday October 10, 2013
With state's financial situation coming under strain, Kerala Cabinet today decided to initiate certain austerity measures without causing difficulty to the common man.
Wednesday October 2, 2013
The austerity measures coincide with a difficult business climate for the company, whose shares are lagging behind its competitors in Europe, and a growing distaste for corporate excess.
Wednesday September 18, 2013
The government on Wednesday announced austerity measures to cut non-plan expenditure by 10 per cent by completely banning new appointments and purchase of new vehicles.
Wednesday September 18, 2013
The Central government will not make new appointments in its departments and all officials, except top bureaucrats, will fly in economy class within India as part of small-bore austerity measures announced today.
India News | Agencies | Wednesday September 18, 2013
The central government will not make new appointments in its departments and all officials, except top bureaucrats, will fly in economy class within India as part of small-bore austerity measures announced today.
India News | Edited by Nadim Asrar | Monday September 2, 2013
On Sunday evening, the minister had said that the early closing of petrol pumps is among an omnibus of austerity measures being studied as the government grapples with a jarring fall in the value of the rupee.
World News | Associated Press | Thursday May 2, 2013
Workers around the world united in anger during May Day rallies Wednesday - from fury in Europe over austerity measures that have cut wages, reduced benefits and eliminated many jobs altogether, to rage in Asia over relentlessly low pay, the rising c...
Wednesday May 1, 2013
Workers hit by record high unemployment staged May Day protests across Europe on Wednesday, hoping to persuade their governments of the case for easing austerity measures and boosting growth.
India News | Press Trust of India | Sunday April 28, 2013
Sleuths of NIA are facing an unusual problem of mobility as they are "forced" to depend on taxis since the investigating agency has been unable to purchase vehicles due to an austerity drive.
World News | Reuters | Saturday March 2, 2013
Hundreds of thousands of Portuguese poured into the streets of Lisbon and other cities on Saturday to demand an end to austerity measures dictated by an international bailout and for the centre-right government to resign.
World News | Agence France-Presse | Sunday February 17, 2013
Thousands of protesters rallied in Portugal on Saturday against austerity measures imposed on the country by its international creditors.
Saturday January 19, 2013
The International Monetary Fund (IMF) is warning Portugal against the temptation to relax its contentious austerity drive, saying any backsliding could undermine the 17-country eurozone's recovery.
Monday January 14, 2013
Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit.
Thursday January 3, 2013
US stocks edged lower on Thursday as investors locked in gains after a rally Wednesday, which was spurred by a deal by US lawmakers to avert a fiscal cliff of austerity measures that had been due to kick in this year.
Thursday December 27, 2012
US stocks fell for the fourth day on Thursday, sliding to session lows at midday as a measure of investor anxiety hit its highest in five months after a top Senate Democrat warned that an agreement to avoid fiscal austerity measures would not be reac...