Austerity Measures
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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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No Gifts For VVIPs, Car On Hold In Maharashtra Governor's Austerity Order
The Governor of Maharashtra Bhagat Singh Koshyari today announced a series of austerity measures to reduce the expenses of Raj Bhavan so as to make more resources available for COVID-19 relief measures.
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Maharashtra Governor Delays Buying New Car In COVID Cost-Cutting Measures
Maharashtra Governor Bhagat Singh Koshyari announced a series of austerity measures to reduce the expenses incurred by the Raj Bhavan and make more resources available to implement COVID-19 relief measures in the state.
-
Tamil Nadu Has Suffered Rs 35,000 Crore Revenue Loss During Lockdown: Chief Minister
Tamil Nadu has suffered an estimated Rs 35,000 crore GST revenue loss during the ongoing COVID-19 lockdown and various austerity measures have been taken to handle the situation, Chief Minister K Palaniswami said on Saturday.
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Saudi Triples VAT, Halts Government Handouts In Austerity Drive: Report
Saudi Arabia's finance minister on Monday said the kingdom will triple its Value Added Tax (VAT) and halt monthly handout payments to citizens in new austerity measures amid a coronavirus-led economic slump.
-
Rajasthan Defers Salaries Of Government Employees Amid Virus Lockdown
The Rajasthan cabinet on Tuesday decided to defer a potion of salary of the chief minister, deputy chief minister, MLAs and government employees as part of austerity measures amid the novel coronavirus pandemic in the state.
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Ecuador President, Protesters Reach Deal To End Violent Unrest
Ecuador's president and indigenous leaders reached an agreement on Sunday to end nearly two weeks of violent street protests against austerity measures instituted to obtain a multi-billion-dollar loan from the IMF.
-
"Stop Fawning, Needless Ceremony": New Navy Chief's Mantra For His Force
Four days after taking over as the 24th Chief of Naval Staff, Admiral Karambir Singh has issued an exhaustive list of guidelines aimed at tweaking existing social and ceremonial practices of the Navy to ensure "optimal utilisation" of manpower and resources. The guidelines, apparently aimed at curbing needless ceremony and "subservient behaviour" i...
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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.
-
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.
-
No Gifts For VVIPs, Car On Hold In Maharashtra Governor's Austerity Order
The Governor of Maharashtra Bhagat Singh Koshyari today announced a series of austerity measures to reduce the expenses of Raj Bhavan so as to make more resources available for COVID-19 relief measures.
-
Maharashtra Governor Delays Buying New Car In COVID Cost-Cutting Measures
Maharashtra Governor Bhagat Singh Koshyari announced a series of austerity measures to reduce the expenses incurred by the Raj Bhavan and make more resources available to implement COVID-19 relief measures in the state.
-
Tamil Nadu Has Suffered Rs 35,000 Crore Revenue Loss During Lockdown: Chief Minister
Tamil Nadu has suffered an estimated Rs 35,000 crore GST revenue loss during the ongoing COVID-19 lockdown and various austerity measures have been taken to handle the situation, Chief Minister K Palaniswami said on Saturday.
-
Saudi Triples VAT, Halts Government Handouts In Austerity Drive: Report
Saudi Arabia's finance minister on Monday said the kingdom will triple its Value Added Tax (VAT) and halt monthly handout payments to citizens in new austerity measures amid a coronavirus-led economic slump.
-
Rajasthan Defers Salaries Of Government Employees Amid Virus Lockdown
The Rajasthan cabinet on Tuesday decided to defer a potion of salary of the chief minister, deputy chief minister, MLAs and government employees as part of austerity measures amid the novel coronavirus pandemic in the state.
-
Ecuador President, Protesters Reach Deal To End Violent Unrest
Ecuador's president and indigenous leaders reached an agreement on Sunday to end nearly two weeks of violent street protests against austerity measures instituted to obtain a multi-billion-dollar loan from the IMF.
-
"Stop Fawning, Needless Ceremony": New Navy Chief's Mantra For His Force
Four days after taking over as the 24th Chief of Naval Staff, Admiral Karambir Singh has issued an exhaustive list of guidelines aimed at tweaking existing social and ceremonial practices of the Navy to ensure "optimal utilisation" of manpower and resources. The guidelines, apparently aimed at curbing needless ceremony and "subservient behaviour" i...
