Austerity Cuts
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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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Pakistan To Cut Expenses Of Ministers, Advisers By 15% In Austerity Drive
Pakistan's government will cut back allowances and travel expenses of ministers and advisers as part of an austerity drive that will save it 200 billion rupees ($766 million) a year, Prime Minister Shehbaz Sharif said today.
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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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Pak Military To Voluntarily Cut Defence Budget, Imran Khan Praises Move
In an unprecedented voluntary move, Pakistan's military has decided to cut its defence budget for the next fiscal year amid an austerity drive launched by the government to help solve the cash-strapped nation's economic problems.
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Beer King Vijay Mallya May Have To Cut $24,000-A-Week Allowance
Vijay Mallya, the ex-billionaire known as the "king of good times" in India, may have to prepare for a bout of relative austerity as he fights multiple lawsuits against creditors.
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168 Cops, 2 Companies, A Platoon Of Armed Guards Protect UP Governor: RTI
At a time when Prime Minister Narendra Modi is preaching austerity and cutting down of government expense, Uttar Pradesh governor Ram Naik is being protected by two companies and one platoon of Provincial Armed Constabulary (PAC) and 168 security personnel, response to an RTI poser has revealed, the petitioner said on Thursday.
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No Lunch, Only Cookies At Meetings In Pakistan's Austerity Drive
Pakistan's Prime Minister Imran Khan got the word helicopter trending on Twitter recently. Khan took a helicopter ride for a nine-mile journey from his hill-side home to his official residence in Islamabad last month. For a new leader who'd pledged to cut the perks of high office and who is trying to fix an economy in crisis, the incident didn't go...
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Cut Down On Expenditure, H D Kumaraswamy Tells Officials
Embarking on an austerity drive,days after the JDS-Congress government announced waiver of loans taken by farmers, Karnataka Chief Minister H D Kumaraswamy today asked officials to reduce extraneous expenses.
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Fruit, Prawns Off The Menu At China's Austere Party Congress
No free fruit in hotel rooms, no free hair cuts and no prawns on the menu - delegates at this week's Communist Party Congress in China can expect austere treatment in keeping with President Xi Jinping's pledge to crack down on corruption and extravagance.
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Infosys Co-Founder Narayana Murthy Pitches For Austerity To Scale Up Companies' Growth
In June this year, Infosys co-founder N R Narayana Murthy had said IT companies can protect the jobs of youngsters if senior executives take pay cuts.
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Close To 20,000 Protest Belgian Health, Welfare Cuts
Thousands of demonstrators who work in Belgium's health and welfare sector have protested government plans for austerity measures and demanded more jobs and better pay.
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Idle Workers, Inevitable Cuts: Ministers Grade The Saudi Economy
The kingdom's post-oil plan is nothing more than window dressing for unpopular austerity measures, the minister said.
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International Monetary Fund Austerity Deal Hurts Egyptians As Subsidies Are Cut, Prices Soar
A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt further.
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Greek Parliament Approves Austere Budget for 2016
The Greek parliament approved a 2016 budget featuring sharp cuts in spending and some tax increases to satisfy the country's international lenders at a time of growing austerity fatigue.
-
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.
-
Pakistan To Cut Expenses Of Ministers, Advisers By 15% In Austerity Drive
Pakistan's government will cut back allowances and travel expenses of ministers and advisers as part of an austerity drive that will save it 200 billion rupees ($766 million) a year, Prime Minister Shehbaz Sharif said today.
-
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.
-
Pak Military To Voluntarily Cut Defence Budget, Imran Khan Praises Move
In an unprecedented voluntary move, Pakistan's military has decided to cut its defence budget for the next fiscal year amid an austerity drive launched by the government to help solve the cash-strapped nation's economic problems.
-
Beer King Vijay Mallya May Have To Cut $24,000-A-Week Allowance
Vijay Mallya, the ex-billionaire known as the "king of good times" in India, may have to prepare for a bout of relative austerity as he fights multiple lawsuits against creditors.
-
168 Cops, 2 Companies, A Platoon Of Armed Guards Protect UP Governor: RTI
At a time when Prime Minister Narendra Modi is preaching austerity and cutting down of government expense, Uttar Pradesh governor Ram Naik is being protected by two companies and one platoon of Provincial Armed Constabulary (PAC) and 168 security personnel, response to an RTI poser has revealed, the petitioner said on Thursday.
-
No Lunch, Only Cookies At Meetings In Pakistan's Austerity Drive
Pakistan's Prime Minister Imran Khan got the word helicopter trending on Twitter recently. Khan took a helicopter ride for a nine-mile journey from his hill-side home to his official residence in Islamabad last month. For a new leader who'd pledged to cut the perks of high office and who is trying to fix an economy in crisis, the incident didn't go...
-
Cut Down On Expenditure, H D Kumaraswamy Tells Officials
Embarking on an austerity drive,days after the JDS-Congress government announced waiver of loans taken by farmers, Karnataka Chief Minister H D Kumaraswamy today asked officials to reduce extraneous expenses.
-
Fruit, Prawns Off The Menu At China's Austere Party Congress
No free fruit in hotel rooms, no free hair cuts and no prawns on the menu - delegates at this week's Communist Party Congress in China can expect austere treatment in keeping with President Xi Jinping's pledge to crack down on corruption and extravagance.
-
Infosys Co-Founder Narayana Murthy Pitches For Austerity To Scale Up Companies' Growth
In June this year, Infosys co-founder N R Narayana Murthy had said IT companies can protect the jobs of youngsters if senior executives take pay cuts.
-
Close To 20,000 Protest Belgian Health, Welfare Cuts
Thousands of demonstrators who work in Belgium's health and welfare sector have protested government plans for austerity measures and demanded more jobs and better pay.
-
Idle Workers, Inevitable Cuts: Ministers Grade The Saudi Economy
The kingdom's post-oil plan is nothing more than window dressing for unpopular austerity measures, the minister said.
-
International Monetary Fund Austerity Deal Hurts Egyptians As Subsidies Are Cut, Prices Soar
A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt further.
-
Greek Parliament Approves Austere Budget for 2016
The Greek parliament approved a 2016 budget featuring sharp cuts in spending and some tax increases to satisfy the country's international lenders at a time of growing austerity fatigue.
