New Delhi: Two days after announcing in Parliament that India will have to tighten its belt, Finance Minister Pranab Mukherjee has hinted at austerity measures that will be taken. Pranab said that there will soon be a ban on the purchase of new vehicles by the government departments. Interestingly, Home Minister P Chidambaram and the Home Secretary have recently purchased new official cars. Pranab also said that foreign trips by...
01:20 PM, May 18, 2012
Rome: Prime Minister Mario Monti will present a 30 billion euro package of austerity measures to parliament on Monday designed to shore up Italy's strained public finances and help to stem a debt crisis threatening to overwhelm the euro zone. Cabinet approved the mix of tax hikes, pension reforms and incentives to boost growth in a three-hour meeting on Sunday, opening one of the most crucial weeks since the launch...10:29 AM, Dec 05, 2011
11:24 PM, Jun 29, 2011
Many Greeks say they have been put off by the violence of the May 5 march when three people were killed. ...09:43 AM, May 21, 2010
Finance Ministry orders them to 'prioritise' govt-aided activities. ...08:28 PM, Sep 16, 2009
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