Austerity Bill

• 

  11 Saudi Princes Detained Following Protest: Report

  Saudi authorities have detained 11 princes after they gathered at a royal palace in Riyadh in a rare protest against austerity measures that included suspending payment of their utility bills, Saudi media reported on Saturday.

• 

  Socialist Challenger Admits Defeat in Portugal Election

  The leader of Portugal's opposition Socialists, former Lisbon mayor Antonio Costa, on Sunday conceded defeat in a general election billed as a referendum on four years of harsh austerity policies, as near-complete results gave the ruling centre-right coalition a clear lead.

• 

  Brazil Senate to Vote on Key Austerity Bill Wednesday

  Brazil's Senate put off until Wednesday voting on a bill that rolls back payroll tax breaks, a key measure in President Dilma Rousseff government's austerity plan to bridge a gaping fiscal deficit.

• Govt considering closing petrol pumps at 8 pm to check fuel demand: Oil Minister Veerappa Moily

  The government is considering various proposals including shutting down petrol pumps at 8 pm in select cities to check fuel demand as it looks at ways to cut the massive oil import bill, Oil Minister M Veerappa Moily said today.

• Union Budget 2013: In austerity drive, Food Security Bill likely to get bigger helping

  Union Budget 2013: Finance Minister P. Chidambaram is likely to allocate between Rs 85,000 crore and Rs 1,00,000 crore to the National Food Security Bill in the fiscal year 2013-14, versus the Rs 75,000 crore budgeted estimates for the current fiscal year, even as he seeks to bring down the total subsidy burden by Rs 40,000 crore.

• Budget 2013: Five reasons why an austere budget may not be good for RBI

  Finance Minister P. Chidambaram plans to cut public spending by up to 10 per cent in the fiscal year starting in April, officials involved in the budget preparations told Reuters, as the government struggles to bring down the fiscal deficit to 4.8 per cent of gross domestic product and stave off a credit rating downgrade. However, the Reserve Bank ...

• US government downsizes amid GOP demands for more cuts

  Republicans and other fiscal conservatives keep insisting on more federal austerity and a smaller government. Without much fanfare or acknowledgement, they've already got much of both.

• What austerity? Big fat govt delegation will travel biz class for study tour

  Chief ministers, others to study Goods and Sales Tax in Canada, Japan.

• Profit Top 10: Q4 GDP shocks at 5.3%; Rupee sees biggest monthly fall in 6 months

  If you missed our coverage, here are the top 10 stories of the day.

• HP reports lower profit, to cut 27,000 jobs

  The company expects to save $3 billion to $3.5 billion annually from the job cuts and other austerity measures.

• Don't want to press panic button but austerity needed: Pranab

  In his reply to the debate on the finance bill in the Rajya Sabha, Finance Minister Pranab Mukherjee talked about the Rupee decline as he attempted to allay fears about the state of the Indian economy.

• Govt to introduce austerity measures, Pranab says in Rajya Sabha: Highlights

  The finance minister addressed Parliament on Wednesday after rupee fell to an all-time low.

• Weekend Read: Low IIP, anti-Austerity ballot, Apple in Dow and more

  From economic analysis to soft trend stories, here are our top 10 picks.

• Greece approves austerity to stay in eurozone

  Greece's parliament has approved an austerity and debt-relief bill, crucial for the country to avoid bankruptcy and remain in the eurozone. Lawmakers voted early Monday in favor of the bill that imposes harsh new austerity measures in return for a euro 130 billion ($171 billion) new bailout agreement and related deal with private creditors to shave...

• Greece passes steep cuts as riots seize capital

  Greece fended off a bankruptcy that threatened to roil global financial markets, approving severe spending cuts and tax increases on Wednesday in the face of violent protests by Greeks who say they have suffered enough.The package of austerity measures would keep bailout money flowing to Greece from other European countries and the International Mo...