FINANCIAL CUTS

  • India's 2013/14 budget to be most austere in years February 16, 2013

    New Delhi: Finance Minister P Chidambaram is planning to cut the public spending target for fiscal 2013/14 by up to 10 per cent from this year's original target, in what would be the most austere budget unveiled in recent history as he tries to avert a sovereign credit downgrade. Chidambaram has...
  • UNESCO suspends new programs after US cuts fund November 11, 2011

    Paris: The United Nations' cultural agency has suspended new programs in response to the US decision to cut off funding after UNESCO granted the Palestinians membership, the agency said on Thursday. UNESCO Director General Irina Bokova told the UNESCO General Conference in Paris the US cut had left a $ 65...