Austerity Measure
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PM Modi's Appeal Not About Spending Less But Spending Wisely: Sources
Government sources have pushed back against descriptions of Prime Minister Narendra Modi's recent appeal for energy conservation and reduced foreign exchange outflows as "austerity measures", saying the term is misleading and carries negative economi
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Solar Push Helps Pakistan Temper Gulf Energy Shock
At projected market prices, an uptake of solar could save a further $6.3 billion by the end of 2026, said Renewables First.
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No Crowd, No Spark: Pakistan T20 League 2026 Kicks Off In Hush
Pakistan's government has introduced sweeping austerity measures designed to save fuel, with mounting concerns about supplies as the conflict drags on.
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After Contract Breaches, PSL Rattled By 'Increased Pay' Demand From Players: Report
The PCB announced on Sunday that because of the conflict in the region and the austerity and revenue-saving measures announced by the government, the PSL matches would be held without spectators.
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'Only Simple Flag-Hoisting': Pak Cancels Republic Day Parade Amid Oil Crisis
Pakistan has cancelled its military parade and ceremonial events that were scheduled for March 23, the country's Republic Day. Pakistani Prime Minister Shehbaz Sharif's office announced on Tuesday.
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Pakistan To Mute "National Day' Celebrations Due To War In Iran
The Pakistani government said Tuesday it would not be holding the annual national day parade and ceremonial events this year due to "austerity measures" linked to the Gulf crisis.
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Fuel Prices Up, Salaries Cut: Energy Shock To Pakistan Amid Iran War
Pakistan's PM Shehbaz Sharif on Monday announced a sweeping austerity and energy-saving plan, saying the steps were necessary as the country confronts a global fuel crisis triggered by the ongoing conflict involving the US, Israel and Iran.
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Cash-Strapped Pak Bans Red Carpets At Official Events To Cut Costs
Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation.
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Milei Swears In As Argentina's President, Warns Of "Shock Treatment" For Economy
Argentina's President Javier Milei took office Sunday with a stark warning to citizens to brace themselves for painful austerity measures as he seeks to cut spending and curb triple-digit inflation, all with empty coffers.
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Poll Panel Members Voluntarily Give Up Perks As Part Of Austerity Measure
Chief Election Commissioner (CEC) Rajiv Kumar and Election Commissioner Anup Chandra Pandey on Friday decided to voluntarily give up perks and privileges as an austerity measure.
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Congress Starts Austerity Drive, Asks MPs To Contribute Rs 50,000 A Year
From urging parliamentarians to use their air travel benefits instead of charging the party, to donating Rs 50,000 a year to the party's coffers, the opposition Congress party has announced a range of measures to cut costs and raise funds.
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Court Questions Bengal Government Over Money Given To Puja Committees
The Calcutta High Court on Thursday sought to know from the West Bengal government its justification for doling out Rs 50,000 to community Durga pujas, amid the austerity measures being pursued by the state in the wake of the COVID-19 pandemic.
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Assam Revokes Austerity Measures, To Spend On Infrastructure Projects
In a major development, the Assam government has decided to revoke the austerity measures that were put in place because of the coronavirus lockdown. The state government has further announced infrastructure projects worth Rs 11,900 Crore on Saturday.
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Saudis Stock Up, Brace For Tripled VAT In Kingdom's Austerity Push
Saudis braced Wednesday for a tripling in value-added tax, another unpopular austerity measure after the twin shocks of coronavirus and an oil price slump triggered the kingdom's worst economic decline in decades.
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Saudi Wealth Fund "Shopping Spree" Belies Economic Pain
Saudi Arabia's sovereign wealth fund has snapped up around $8 billion worth of stakes in global giants -- from Boeing to Facebook -- in a spree that belies deep and unpopular austerity measures at home.
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PM Modi's Appeal Not About Spending Less But Spending Wisely: Sources
Government sources have pushed back against descriptions of Prime Minister Narendra Modi's recent appeal for energy conservation and reduced foreign exchange outflows as "austerity measures", saying the term is misleading and carries negative economi
-
Solar Push Helps Pakistan Temper Gulf Energy Shock
At projected market prices, an uptake of solar could save a further $6.3 billion by the end of 2026, said Renewables First.
-
No Crowd, No Spark: Pakistan T20 League 2026 Kicks Off In Hush
Pakistan's government has introduced sweeping austerity measures designed to save fuel, with mounting concerns about supplies as the conflict drags on.
-
After Contract Breaches, PSL Rattled By 'Increased Pay' Demand From Players: Report
The PCB announced on Sunday that because of the conflict in the region and the austerity and revenue-saving measures announced by the government, the PSL matches would be held without spectators.
-
'Only Simple Flag-Hoisting': Pak Cancels Republic Day Parade Amid Oil Crisis
Pakistan has cancelled its military parade and ceremonial events that were scheduled for March 23, the country's Republic Day. Pakistani Prime Minister Shehbaz Sharif's office announced on Tuesday.
-
Pakistan To Mute "National Day' Celebrations Due To War In Iran
The Pakistani government said Tuesday it would not be holding the annual national day parade and ceremonial events this year due to "austerity measures" linked to the Gulf crisis.
-
Fuel Prices Up, Salaries Cut: Energy Shock To Pakistan Amid Iran War
Pakistan's PM Shehbaz Sharif on Monday announced a sweeping austerity and energy-saving plan, saying the steps were necessary as the country confronts a global fuel crisis triggered by the ongoing conflict involving the US, Israel and Iran.
-
Cash-Strapped Pak Bans Red Carpets At Official Events To Cut Costs
Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation.
-
Milei Swears In As Argentina's President, Warns Of "Shock Treatment" For Economy
Argentina's President Javier Milei took office Sunday with a stark warning to citizens to brace themselves for painful austerity measures as he seeks to cut spending and curb triple-digit inflation, all with empty coffers.
-
Poll Panel Members Voluntarily Give Up Perks As Part Of Austerity Measure
Chief Election Commissioner (CEC) Rajiv Kumar and Election Commissioner Anup Chandra Pandey on Friday decided to voluntarily give up perks and privileges as an austerity measure.
-
Congress Starts Austerity Drive, Asks MPs To Contribute Rs 50,000 A Year
From urging parliamentarians to use their air travel benefits instead of charging the party, to donating Rs 50,000 a year to the party's coffers, the opposition Congress party has announced a range of measures to cut costs and raise funds.
-
Court Questions Bengal Government Over Money Given To Puja Committees
The Calcutta High Court on Thursday sought to know from the West Bengal government its justification for doling out Rs 50,000 to community Durga pujas, amid the austerity measures being pursued by the state in the wake of the COVID-19 pandemic.
-
Assam Revokes Austerity Measures, To Spend On Infrastructure Projects
In a major development, the Assam government has decided to revoke the austerity measures that were put in place because of the coronavirus lockdown. The state government has further announced infrastructure projects worth Rs 11,900 Crore on Saturday.
-
Saudis Stock Up, Brace For Tripled VAT In Kingdom's Austerity Push
Saudis braced Wednesday for a tripling in value-added tax, another unpopular austerity measure after the twin shocks of coronavirus and an oil price slump triggered the kingdom's worst economic decline in decades.
-
Saudi Wealth Fund "Shopping Spree" Belies Economic Pain
Saudi Arabia's sovereign wealth fund has snapped up around $8 billion worth of stakes in global giants -- from Boeing to Facebook -- in a spree that belies deep and unpopular austerity measures at home.
