Cash-strapped Punjab scraps LTC for one year
August 31st, 2012 - 8:22 pm ICT by IANS
Chandigarh, Aug 31 (IANS) Faced with a financial crunch, the Punjab government Friday announced that all leave travel concession for its officers and staff was being withdrawn for one year."The ... Read more...
Posted in Politics |
EU must be more decisive to protect euro: Spain, France
August 31st, 2012 - 11:36 am ICT by IANS
Madrid, Aug 31 (IANS/EFE) Financial markets' doubts about the strength of the euro can be blamed on a lack of decisive action by the European Union, French President François Hollande ... Read more...
Posted in Business |
Give Greece extra time: Austria
August 27th, 2012 - 9:01 am ICT by IANS
Athens, Aug 27 (IANS/RIA Novosti) The payback period for Greece should be extended for two or three years if the country sticks to the savings targets and reform plans, Austrian ... Read more...
Posted in World |
Greek PM asks for ‘time to breathe’
August 25th, 2012 - 1:25 pm ICT by IANS
Berlin, Aug 25 (IANS) Greek Prime Minister Antonis Samaras has said his country does not want more aid but asked for "time to breathe".
"We don't want more aid ... ... Read more...
Posted in Business |
Olympics: British PM announces more cash for athletes
August 13th, 2012 - 4:12 am ICT by IANS
London, Aug 13 (IANS) British Prime Minister David Cameron has announced that his government would find funding to maintain investment in elite Olympic athletes so that they can continue ... Read more...
Posted in Uncategorized |
CAG official splurged on air fare, says Goa RTI activist
August 6th, 2012 - 5:28 pm ICT by IANS
Panaji, Aug 6 (IANS) A right to information (RTI) activist here Monday complained to the Comptroller Auditor General (CAG), accusing a senior official of the premier auditing and financial propriety ... Read more...
Posted in Business |
Brazil faults European response for economic crisis
July 14th, 2012 - 12:05 pm ICT by IANS
Rio de Janeiro, July 14 (IANS/EFE) European governments are wrong to address their region's economic woes by diminishing labour rights, Brazilian President Dilma Rousseff said Friday, calling instead for policies ... Read more...
Posted in Business |
Sudan’s president warns protesters of ‘incinerating summer’
July 12th, 2012 - 5:10 pm ICT by IANS
Khartoum, July 12 (IANS/RIA Novosti) Sudanese President Omar al-Bashir has warned protesters against further protests and promised them an 'incinerating summer' instead of the Arab Spring.Protests against a government austerity ... Read more...
Posted in Politics |
4.5 mn jobs at risk in eurozone in four years: UN
July 12th, 2012 - 1:10 pm ICT by IANS
New York, July 12 (IANS/AKI) The 17-nation eurozone faces a further loss of 4.5 million jobs, prolonged recession and social unrest over the next four years, the UN has warned ... Read more...
Posted in Business |
Unregistered Amarnath pilgrims cause chaos
June 28th, 2012 - 12:49 pm ICT by IANS
Jammu, June 28 (IANS) Unregistered pilgrims for the annual Amarnath yatra in the Jammu and Kashmir Himalayas are causing massive problems for the registered pilgrims and for the authorities, ... Read more...
Posted in National |
G20 endorses India’s concern on infrastructure, austerity
June 20th, 2012 - 7:32 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS) India's concern over lack of funding for infrastructure among emerging economies and austerity measures being adopted even by surplus countries were endorsed by ... Read more...
Posted in Business |
New Democracy party asked to form Greek government (Lead)
June 18th, 2012 - 8:15 pm ICT by IANS
Athens, June 18 (IANS) Greece President Karolos Papoulias has tasked Antonis Samaras, head of the conservative New Democracy party, with forming a government, the Greek state television reported Monday.Voting was ... Read more...
Posted in Politics |
Greece votes on EU bailout
June 17th, 2012 - 5:35 pm ICT by IANS
Athens, June 17 (IANS) Voting began Sunday for crucial elections in Greece that are expected to determine the country's future in the Eurozone, with the main contenders being the right-wing ... Read more...
Posted in Uncategorized |
Government to cut its expenditure, launch austerity drive
June 1st, 2012 - 5:08 pm ICT by IANS
New Delhi, June 1 (IANS) Facing a slow-down in the economy, the government has launched an austerity drive to reduce expenditure, banned new posts and meetings in five-star ... Read more...
Posted in Politics |
Italian president warns of wave of violence
May 24th, 2012 - 8:28 am ICT by IANS
Rome, May 24 (IANS) Days after a bomb attack which killed a student in an Italian city, President Giorgio Napolitano has warned of a new wave of violence reminiscent of ... Read more...
Posted in World |
G8 wants Greece to remain in Eurozone (Lead)
May 20th, 2012 - 1:21 am ICT by IANS
Washington, May 19 (IANS/RIA Novosti) The leaders of the G8 industrialised nations meeting at Camp David Saturday agreed that Greece should remain member of the European Union and welcomed EU ... Read more...
Posted in World |
Sensex drops 140 points on weak rupee, global worries (Weekly market review)
May 19th, 2012 - 6:52 pm ICT by IANS
Mumbai, May 19 (IANS) The Indian equities markets' benchmark indices declined nearly one percent in a volatile trading this week as a record drop in the value of rupee ... Read more...
Posted in Uncategorized |
BJP national executive meeting to be kept ’simple’
May 18th, 2012 - 11:13 pm ICT by IANS
Mumbai, May 18 (IANS) The Bharatiya Janata Party's (BJP) national executive meeting here next week will be kept "simple" as Maharashtra is facing a severe drought, a senior party ... Read more...
Posted in Politics |
Rupee recovers from record low; Sensex up
May 17th, 2012 - 2:31 pm ICT by IANS
Mumbai, May 17 (IANS) On the back of a rebound in equity markets, the Indian rupee recovered by almost 30 paise Thursday from the previous day's record intra-day low ... Read more...
Posted in Business |
Mukherjee hints at austerity as rupee dips to record low (Roundup)
May 16th, 2012 - 8:50 pm ICT by IANS
New Delhi, May 16 (IANS) The government is planning to introduce some austerity to aid fiscal consolidation, Finance Minister Pranab Mukherjee said Wednesday as the rupee slumped to a ... Read more...
Posted in Business |
Rupee hits record low of 54.50 against dollar (Lead)
May 16th, 2012 - 7:21 pm ICT by IANS
Mumbai, May 16 (IANS) The Indian rupee slumped to a record low of 54.50 against the US dollar Wednesday with risk aversion in global markets adding to the pressure, ... Read more...
Posted in Business |
Slowdown a concern, but India’s growth story intact: Pranab
May 16th, 2012 - 6:02 pm ICT by IANS
New Delhi, May 16 (IANS) Blaming the eurozone crisis for the economic slowdown and the sharp drop in the stock markets, Finance Minister Pranab Mukherjee Wednesday said India's growth ... Read more...
Posted in Business |
Haryana goes into austerity mode, bans all new luxuries
May 10th, 2012 - 6:20 pm ICT by IANS
Chandigarh, May 10 (IANS) The Haryana government, as part of its austerity measures, Thursday banned all its officers from purchasing luxury items such as new cars, air-conditioners and expensive sofas ... Read more...
Posted in Business |
Greece votes in parliamentary elections (Lead)
May 6th, 2012 - 4:50 pm ICT by IANS
Athens, May 6 (IANS) Greeks Sunday voted in crucial parliamentary elections that is expected to decide the country's future in the euro zone, and according to trends no single party ... Read more...
Posted in Politics |
Greeks vote in crucial parliamentary election
May 6th, 2012 - 4:02 pm ICT by IANS
Athens, May 6 (IANS) Greeks are participating in crucial parliamentary elections Sunday that is expected to decide the country's future in the euro zone, RIA Novosti reported.A total of 9.9 ... Read more...
Posted in Uncategorized |
Nobel laureate seeks reversal of US austerity measures
May 3rd, 2012 - 3:30 pm ICT by IANS
Washington, May 3 (IANS) Nobel Prize-winning economist Paul Krugman has called for more government spending and an end to US austerity measures in a bid to jolt the sluggish economy ... Read more...
Posted in Life Style |
Thousands protest austerity plan in France
May 1st, 2012 - 11:54 pm ICT by IANS
Paris, May 1 (IANS) Thousands of people marched through the main cities of France Tuesday to express their opposition to the government's austerity plan.Trade unions, left political activists and others ... Read more...
Posted in Politics |
Greek pensioner’s suicide sparks protests
April 6th, 2012 - 2:45 pm ICT by IANS
Athens, April 6 (IANS) Greek citizens staged a fresh anti-austerity protest in front of parliament in central Athens where a senior pensioner committed suicide over austerity measures.Protesters engaged in minor ... Read more...
Posted in Politics |
Please save Greece’s monuments, say archaeologists
March 15th, 2012 - 11:42 am ICT by IANS
Athens, March 15 (IANS) Greek archaeologists have made a worldwide appeal for support to protect the country's rich cultural heritage amid the country's harsh austerity measures."Monuments do not have voice, ... Read more...
Posted in Uncategorized |
Spaniards rally against austerity measures
March 12th, 2012 - 1:49 pm ICT by IANS
Madrid, March 12 (IANS) Hundreds of thousands of people took part in fresh demonstrations throughout Spain Sunday to protest the government's new labour reforms.Protesters rallied in 60 Spanish cities against ... Read more...
Posted in World |
Greek parliament approves austerity plan
February 13th, 2012 - 3:35 pm ICT by IANS
Athens, Feb 13 (IANS/RIA Novosti) Greece's parliament has approved austerity measures requested by the eurozone and the International Monetary Fund to secure a 130-billion euro ($170 billion) bailout to avoid ... Read more...
Posted in Politics |
US stocks fall amid Greece uncertainties (Lead)
February 11th, 2012 - 9:29 am ICT by IANS
New York, Feb 11 (IANS) US stocks closed lower Friday as uncertainties about the Greek debt crisis and poor economic data weighed the market.The Dow Jones industrial average lost 89.23 ... Read more...
Posted in Business |
US stocks edge higher amid Greek hope (Lead)
February 10th, 2012 - 6:56 am ICT by IANS
New York, Feb 10 (IANS) US stocks edged higher Thursday amid Greek's long-awaited austerity deal and better-than-expected jobless claims.Greek political leaders Thursday reached a deal over austerity measures in order ... Read more...
Posted in Business |
Catalin Predoiu appointed Romania’s acting PM (Lead)
February 6th, 2012 - 9:44 pm ICT by IANS
Bucharest, Feb 6 (IANS) Romanian President Traian Basescu Monday named Catalin Predoiu as the country's acting prime minister after Emil Boc stepped down from the post while announcing his cabinet's ... Read more...
Posted in Uncategorized |
France narrows 2011 budget deficit
January 25th, 2012 - 1:44 pm ICT by IANS
Paris, Jan 25 (IANS) France registered a budget gap of 90.8 billion euros ($118.22 billion) in 2011, down by 4.6 billion euros from the previous year, Budget Minister Valerie Pecresse ... Read more...
Posted in Uncategorized |