Days after criticising the treasure hunt in Uttar Pradesh, Gujarat Chief Minister Narendra Modi on Monday took a U-turn and praised seer Shobhan Sarkar based on whose dream the Archaeological Survey of India is carrying out excavation in Unnao district.
The number of US residents living in poverty edged up to 46.5 million last year, the latest sign that an economic recovery marked by a stock market boom has not trickled down to ordinary Americans.
'Fiscal and monetary space is more constrained in developing countries because of inflation and high borrowing cost.'
The outlook appears to be improving as policy shifts away from austerity and toward growth.
The 2013/14 Budget caps an intensive seven-month campaign by the energetic Chidambaram, who was appointed last August, to turn around the fortunes of Asia's third-largest economy after years of policy drift and global economic turmoil.
If the Budget is targeted towards voters, the country ratings will be downgraded to junk status. This can trigger an economic meltdown.
Broader markets end flat too after a volatile trading session.
Ban on purchase of vehicles, except for defence, continues.
India's finance ministry on Wednesday ordered small-bore austerity measures including a ban on holding meetings at five star hotels and creation of new posts in federal departments, at a time when government revenue growth has slowed down.
Even a rump Air India could not hope to get away with the shoddy service and scrappy fare for which I paid nearly two lakh, complains Sunanda K Datta-Ray.
The Barclays' report also said that the effort to reduce fiscal deficit through austerity measures is weighing on growth.
Fine balance between austerity and profligacy with infra push.
New Delhi plans to cut public spending by up to 10 percent in the fiscal year starting in April, officials involved in the budget preparations told Reuters last week, as Finance Minister P Chidambaram struggles to bring down the fiscal deficit to 4.8 percent of gross domestic product and stave off a credit rating downgrade.
Though the Budget this year is expected to be exceptionally austere, the corporate honchos have dished out their wishlist
A day after the Congress session in Surajkund was marked by austerity, reports have emerged of a party MP embarrassing it with his remarks praising Rashtriya Swayamsevak Sangh workers for their dedication and criticising Congress workers for staying in air-conditioned chambers.
Considering that Qatar is a trusted ally of Washington for decades, it is expected to be a steady influence on the Taliban leadership, observes Ambassador M K Bhadrakumar.
Indian cricketers who sustain injuries during the cash-rich Indian Premier League will now have to depend on their respective franchise to bear the costs of their rehabilitation at the National Cricket Academy (NCA).
Exquisitely shot, with shadows and light capturing the hypnotic mood of the film, Jalsaghar is a viewing treat you owe yourself.
With 75 per cent of votes counted, the ND party was leading with 39.6 per cent of total votes heading towards a majority in the 300-member Greek Parliament, while Tsipras' leftist Syriza was behind with 31.6 per cent of total votes, CNN reported.
Negotiations on the looming "fiscal cliff" will dominate talk in Washington this month, with both the White House and congressional Republicans having made early offers.
The book was thinner by 60 pages compared to last year.
The Budget 2013 will be placed in the Parliament on February 28. Though the Budget this year is expected to be exceptionally austere, the corporate honchos have dished out their wishlists.
Presenting some of the best PHOTOGRAPHS from around the globe in the last 24 hours
"I had clearly said that any case of moral turpitude and corruption will be dealt with in a very stern manner. The Court of Inquiry has recommended that we should go in for court martial proceedings. Last month, an Army Court of Inquiry indicted Maj Gogoi for "fraternising" with a local woman at a Srinagar hotel and being away from his place of duty.
May help US steer clear of recession, although enough austerity would remain in place to likely keep economy growing at lackluster pace.
Cristiano Ronaldo's inspirational form at Euro 2012 has boosted flagging Portuguese self-confidence during a tough time for the country which is struggling to cope with massive debt and painful austerity measures.
Austerity, and not necessity, appears to be the mother of invention these days with the economic slowdown forcing companies to explore new ways of doing businesses.
'Waging battle over a jar of marmalade seemed petty beyond belief so I simply lost my craving for the preserve,' Kishore Singh writes
Greeks are split on whether to accept an offer by creditors that Prime Minister Alexis Tsipras calls a "humiliation"
The rich and the pauper, the austere and the ostentatious, the atheist and the seer, the iconoclast and the idol worshipper, all find warmth and solace in the icy waters of the Sangam, notes Tarun Vijay.
Defence ministry officials concede that many plans across the three armed forces will witness a definite setback because of this austerity measure, reports R S Chauhan
In an apparent move to send out a message of austerity, Congress president Sonia Gandhi and her son Rahul on Friday took a bus ride along with other leaders to Surajkund in Haryana where the party is going to hold a brainstorming session.
The couple hope to keep the wedding very 'simple.'
He said the government would not go in for providing stimulus across the board and that only specific sectors would be considered for the measure.
The presence of German chancellor Angela Merkel at her country's Euro 2012 quarter-final against Greece in Gdansk on Friday could upset the underdogs in more ways than one.
Deutsche Bank's new co-CEO Anshu Jain has voiced his support for German Chancellor Angela Merkel's austerity drive to tackle the euro zone debt crisis.
The Direct Taxes Code should be modified to tax high income and wealth at enhanced rates. Tax concessions on corporate profits and capital gains should be phased out. Black money stashed away in foreign banks has to be retrieved.
Congress president Sonia Gandhi on Tuesday wrote to Prime Minister Narendra Modi suggesting five measures to conserve money for the fight against COVID-19, including a complete ban on media advertisements by government and PSUs for two years and suspending the Central Vista beautification project.
Two days from the start of the Olympics, former British Prime Minister Tony Blair has defended his decision to deliver the games to London, maintaining on Wednesday that the event will be value for money as austerity hits other public projects.
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