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The Finance Ministry has also asked all ministries and departments to reduce non-Plan expenditure by 10 per cent in the current financial year. "There will be a total ban on holding of meetings and conferences in five-star hotels... purchase of
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57 AM Sunset : 6:11 PM Today Sultry and uncomfortable weather...New Delhi, May 16: The Centre today promised to wield the axe to slash wasteful spending, lining up an austerity drive in response to mounting criticism that enough is not being done to
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tool goes here Belgium's King Albert II on Monday said he'll use part of his salary to help pay for the upkeep on his properties, making him the latest European royal whose pocketbook is being squeezed by the economic woes afflicting the continent.
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SamCam takes her husband's austerity drive to heart and swaps designer goodies for a 250 Ikea spree Last updated at 10:54 PM on 11th December 2011 If we had all the staff that Samantha Cameron can call on, most of us wouldn't volunteer to heave some
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The diminutive MP has given new meaning to the term austerity drive', clocking up 14,341 on hiring private cars and drivers in the last 15 months. Other ministers including Business Secretary Vince Cable have cut back on the government's costly
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Ministers sabotage Merkels austerity drive Published: 20 Jul 10 11:04 CET Online: http://www.thelocal.de/politics/20100720-28619.html Several of Chancellor Angela Merkels cabinet ministers are reportedly threatening to sink her centre-right
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George Osborne puts debt reduction ahead of restoring economy Chancellor's austerity drive marks end of illusion that Britain can remain a superpower on the cheap George Osborne's 'austerity drive' is a risky gamble. Photograph: Peter Macdiarmid/
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The International Monetary Fund is very impressed by Spanish measures to end the countrys fiscal crisis, a spokeswomen for the Washington-based institution said on Thursday. We are very impressed by the deficit targets they have announced that seem
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In order to bolster confidence in the Euro and reduce deficits an austerity drive is being implemented by many governments across Europe. The austerity programs impact negatively on many workers and pensioners and there have bee many
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Less government spending will equal more economic growth, the European Central Bank asserted Thursday in a report that helps clarify why monetary policy makers have been haranguing even less-indebted countries like Germany to cut their budgets. Past
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