Maharashtra Chief Minister Devendra Fadnavis rode a motorcycle to work following Prime Minister Modi's appeal to cut down fuel consumption amid the ongoing conflict in West Asia.
In response to Prime Minister Narendra Modi's call for austerity, political leaders are reducing convoys and promoting public transport to conserve fuel.
Indian stock markets experienced a significant sell-off, with the Sensex tumbling over 1,300 points, driven by escalating crude oil prices due to US-Iran tensions and Prime Minister Narendra Modi's call for austerity measures, which amplified investor concerns about India's economic outlook.
Prime Minister Narendra Modi has appealed to citizens to adopt austerity measures, including avoiding destination weddings abroad and reducing edible oil consumption, to mitigate the impact of the West Asia crisis on India's economy.
MNS president Raj Thackeray questions the fuel consumption during recent election campaigns, asking if austerity measures are only meant for the common people.
Government may slash spending on foreign travel by ministers and officials and on meetings in five-star hotels as part of austerity measures to cut down on budget deficit.
The Strait of Hormuz crisis is impacting lifestyles worldwide, from reduced gold purchases in India to energy conservation in Europe and Japan, as governments urge citizens to adapt to the global energy shock.
Uttar Pradesh Chief Minister and Bahujan Samaj Party supremo Mayawati dubbed the austerity measures initiated by the Congress-led United Progressive Alliance as a "drama".
The gems and jewellery industry anticipates challenging times following the government's decision to increase gold import duty to 15 per cent, a move that exporters warn could fuel the grey market and heighten smuggling risks.
The Pakistan Cricket Board (PCB) has fined fast bowler Naseem Shah PKR 20 million for a controversial social media post criticising Punjab Chief Minister Maryam Nawaz's presence at a PSL match.
A downsizing in the prime minister's convoy was implemented in his recent domestic visits, official sources said.
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
The Pakistan Super League (PSL) has introduced a new rule allowing captains to submit two team sheets before the toss to mitigate the impact of dew in day/night matches. This change aims to ensure fairer competition, particularly in Lahore and Karachi, where dew is a significant factor.
India has capped gold imports under the Advance Authorisation scheme at 100 kg, a day after significantly increasing import duties on precious metals. This move aims to tighten conditions for duty-free gold imports by jewellery exporters and curb non-essential imports amidst a ballooning import bill.
The Pakistan Cricket Board (PCB) has announced that the initial stages of the Pakistan Super League (PSL) will be held without spectators due to regional tensions and government austerity measures.
Maharashtra minister Sanjay Shirsat has accused AIMIM corporator Matin Patel of double standards for allegedly harbouring Nida Khan, who is accused in a Nashik TCS sexual harassment and forced conversion case.
'When we start describing somebody as an enemy that is the start of politics and emotion after which no business can take place.' 'We need to get out of this, allow Indian businessmen to do business with China.'
Tata Motors' MD and CEO, Girish Wagh, has identified rising diesel prices as the most significant threat to India's commercial vehicle (CV) industry recovery, despite the sector recently surpassing its pre-FY19 wholesale peak. Diesel costs account for 25-50% of a truck operator's total cost of ownership, making any increase a critical concern for fleet economics.
Every week, hundreds of people line up to fill a plastic container with food in an unlikely place: the humble home where Argentine soccer legend Diego Armando Maradona was born.
Jewellers in Lucknow protest Prime Minister Modi's appeal to defer gold purchases for a year amid the West Asia crisis, fearing significant business losses and economic hardship for those involved in the trade.
The Bharatiya Janata Party launched a scathing attack on the Congress on Tuesday, alleging that the recent austerity guidelines issued by Finance Minister Pranab Mukherjee, was merely a case of 'bizarre tokenism to hoodwink the nation'. Commenting on the various steps taken by senior Congress leaders, including party president Sonia Gandhi and Rahul Gandhi, to cut down governmental expenditure, BJP spokesperson Rajiv Pratap Rudy said, "This is just hogwash."
The Israeli Finance Ministry has warned that the ongoing war with Iran could cost Israel an estimated NIS 9.4 billion (USD 3 billion approximately) per week under current restrictions on economic activities.
'Even last year, when India bought gold, the physical quantity was much less than the previous years.'
'At the first sign of real trouble, that money will move. There will be a run.'
According to an Election Commission statement, the two have decided not to avail exemption from income tax on sumptuary allowance and to surrender two of the three Leave Travel Concessions (LTC) available each year.
'Every year we import approximately $70 billion worth of gold -- closer to $72 billion in 2025-2026, an all-time record.' 'There is no parallel for this anywhere in the world. And this love for gold will not disappear overnight.'
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The Pakistan Super League (PSL) is facing logistical and contractual challenges as several overseas players withdraw to participate in the Indian Premier League (IPL), which offers more lucrative contracts. The PCB is considering actions against players breaching contracts but fears deterring future talent.
A preview of the 2026 IPL season, highlighting the challenges faced by defending champions Royal Challengers Bengaluru, the redemption quests of legacy teams, the relevance of veteran players, and the emergence of future stars.
Informing the Parliament about this, Finance Minister Pranab Mukherjee, however, said the panic button should not be pressed.
Most Congress leaders and Cabinet ministers have already felt the pinch of these measures and resent the fact that Congress president and United Progressive Alliance chairperson Sonia Gandhi wants to ground their high-flying ways and curtail their five-star extravagance.
Streets remained deserted and garbage cans overflowed as workers across Spain, Portugal, Greece and Italy went on a 24-hour strike to protest austerity measures and tax hikes.
Despite claims of an 'austerity drive' by the United Progressive Alliance government and the Congress party, some Union ministers appeared to prefer upmarket accommodation during their official visits to the United States.
Taking a cue from the United Progressive Alliance government, Uttar Pradesh Chief Minister Mayawati on Tuesday issued directives to her cabinet colleagues to strictly adhere to austerity measures by checking unproductive spendings.
BPCL plans to save Rs 500-800 cr, while HPCL eyes 10% reduction in total costs.
While growth in India and China is likely to remain robust, the rest of the world risks falling back into recession if developed countries embark prematurely on fiscal austerity measures, says a United Nations report, released in New York on Thursday.
The issue of austerity measures came up at the meeting of the Union Cabinet on Thursday with ministers seeking clarification on the economy drive launched by the government.The issue came up for an impromptu discussion when the Cabinet gave its approval to hike the Dearness Allowance for central government employees from 22 per cent to 27 per cent.
Finance Minister Pranab Mukherjee spelt out the details of the United Progressive Alliance's austerity measures on Friday, saying he has advised ministers to travel in the Economy Class domestically and in the Business Class during international travel. The Finance Ministry has asked the various ministries to ensure a 10 per cent cut in non- planned expenditure, except in expenses related to security.
Dikshit is said to have issued a letter to all ministers and Congress MLAs asking them to follow the decision of the Congress Working Committee (CWC) and party president Sonia Gandhi in practicing austerity.
"For boosting the morale of our workers, these posts are justified," said a top state BJP leader.
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