News for 'austerity'

Thank you Mr PM, for showing my daughter pre-1991 India

Thank you Mr PM, for showing my daughter pre-1991 India

Rediff.com17 Nov 2016

But for the PM's decision, my teenage daughter, a child of the post-economic reforms generation, could never have imagined the Socialist India that remains so much a part of my growing up years, says Syed Firdaus Ashraf.

Loss Rs 72 bn, but Air India brass to fly in style

Loss Rs 72 bn, but Air India brass to fly in style

Rediff.com2 Dec 2009

Air India's top brass will now travel like kings with the austerity drive having been given a quiet burial. The airline issued an order on November 27 saying that the airline's chairman and managing director Arvind Jadhav and his spouse can travel first class on its flights, whether on work or on vacation. Not only that, parents and children of the serving chief executive can travel business class during vacation on Air India flights.

Best advice: How my father saved me from debt

Best advice: How my father saved me from debt

Rediff.com17 Jun 2019

Dr Bharat Shah, 64 from Harrow, London writes about the greatest lesson he learned from his late father Manubhai Shah.

How veganism is spawning a robust plant-based industry

How veganism is spawning a robust plant-based industry

Rediff.com4 Sep 2021

In India, as elsewhere, veganism has spawned an industry of plant-based products such as tofu, tempeh, peanut curd, cashew cheese, almond butter, flax eggs, sauerkraut, seitan, mock meats, apple honey, vegan chocolates, nutritional yeast and plant-based milks. There are vegan cafs and restaurants such as About Vegan (Jaipur), Bodhi Greens (Dharamsala), Carrots (Bengaluru), Earthlings (Mumbai) and Elysian Delights (Gurugram), vegan cooking classes, vegan tours, vegan conferences and vegan e-tailers such as vegandukan.com and veganmall.in. "Plant-based milks such as soy milk, almond milk and oat milk have made promising inroads with Indian consumers. "Estimated at $21 million vs the animal-derived dairy industry at $140 billion, plant-based dairy in India is projected to grow at a CAGR of 20.7 per cent to reach $63.9 million by 2024," write Dhruvi Narsaria and Rajyalakshmi in their 2020 report, "Insights on plant-based milk category in India", published by the Good Food Institute India and Ipsos India.

Row erupts over iPhone being gifted to Karnataka MPs

Row erupts over iPhone being gifted to Karnataka MPs

Rediff.com17 Jul 2018

The gift was given to 40 Karnataka MPs ahead of a meeting of them convened by Kumaraswamy in New Delhi to discuss state-related issues, including the Cauvery, to be taken up in the Parliament during the monsoon session beginning on Wednesday.

Indian-American behind Biden's inaugural address

Indian-American behind Biden's inaugural address

Rediff.com21 Jan 2021

Reddy -- an Indian-American from Telangana who wrote the speech that outlined Biden's goals for his administration, focusing on healing from the current state of division in national politics -- has been praised for his "calming" and "inspiring" words.

A standing ovation for the Oscars

A standing ovation for the Oscars

Rediff.com26 Apr 2021

Subhash K Jha applauds the Oscars for Anthony Hopkins and Frances McDormand.

Why the cosmos fascinates us

Why the cosmos fascinates us

Rediff.com12 Sep 2019

The fascination for the skies and what lies beyond has fathered an expansive stockpile of astronomical myths and legends and in India, also an elaborate astrological system, notes Arundhuti Dasgupta.

Railways likely to freeze hiring, cut allowances

Railways likely to freeze hiring, cut allowances

Rediff.com26 May 2020

Railway traffic has dropped 32 per cent to 99.86 mt between April 1 and May 14, compared to the same time last year, while its revenue, too, dipped 41 per cent to Rs 9,094.38 crore.

Red Bull head suggested 'corona camp' for F1 drivers

Red Bull head suggested 'corona camp' for F1 drivers

Rediff.com30 Mar 2020

Formula One has said it hopes to get the season started some time in the European summer with a reduced calendar of 15-18 races.

Lessons for Modi to put the economy on track

Lessons for Modi to put the economy on track

Rediff.com24 Apr 2014

Modi might be tempted to hit the brakes on spending. But an austerity drive could be self-defeating in a weak economy.

Ban on entry of women inside Sabarimala has to pass constitutional test: SC

Ban on entry of women inside Sabarimala has to pass constitutional test: SC

Rediff.com24 Jul 2018

A five judge Constitution bench headed by Chief Justice Dipak Misra was apparently not in agreement with the argument of the Travancore Devaswom Board running the over 800-year-old Lord Ayyappa temple that the "practice and belief" that have continued uninterrupted cannot be tested on the ground of "modern ethos".

Cost cutting? Ministers, top officers can still fly first class!

Cost cutting? Ministers, top officers can still fly first class!

Rediff.com9 Oct 2013

Austerity measures announced by the government to rein in the fiscal deficit will not apply on air travel by ministers and senior officers going abroad on official visit.

Tenet review

Tenet review

Rediff.com4 Dec 2020

Tenet is both incredibly obfuscating and feverishly magnificent, says Sukanya Verma.

3 sectors to watch for as economic growth picks up

3 sectors to watch for as economic growth picks up

Rediff.com12 Jan 2021

Overall, the credit profiles of players will be supported by healthy balance sheets and liquidity. Prudence in capital and development expenditure, efficient working-capital management, and recent equity raising will help sustain credit metrics in FY22.

After mocking gold hunt at Unnao, Modi attempts reconciliation

After mocking gold hunt at Unnao, Modi attempts reconciliation

Rediff.com21 Oct 2013

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.

Economic recovery? 46.5 million Americans live in poverty

Economic recovery? 46.5 million Americans live in poverty

Rediff.com19 Sep 2013

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.

Is India facing stagflation? C Rangarajan clears the air

Is India facing stagflation? C Rangarajan clears the air

Rediff.com25 Mar 2013

'Fiscal and monetary space is more constrained in developing countries because of inflation and high borrowing cost.'

What's behind the spooked stock market?

What's behind the spooked stock market?

Rediff.com1 Jun 2013

The outlook appears to be improving as policy shifts away from austerity and toward growth.

Budget 2013: Chidambaram faces moment of truth

Budget 2013: Chidambaram faces moment of truth

Rediff.com28 Feb 2013

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.

Government to put investors before voters in the Budget 2013

Government to put investors before voters in the Budget 2013

Rediff.com27 Feb 2013

If the Budget is targeted towards voters, the country ratings will be downgraded to junk status. This can trigger an economic meltdown.

Jittery stock markets end week on a flat note

Jittery stock markets end week on a flat note

Rediff.com22 Feb 2013

Broader markets end flat too after a volatile trading session.

Hard times for babus, as Modi stops 1st class travel

Hard times for babus, as Modi stops 1st class travel

Rediff.com30 Oct 2014

Ban on purchase of vehicles, except for defence, continues.

With economy sinking, India gets tough with 'babus'

With economy sinking, India gets tough with 'babus'

Rediff.com18 Sep 2013

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.

'Growth worry persists despite easing inflation'

'Growth worry persists despite easing inflation'

Rediff.com22 Mar 2013

The Barclays' report also said that the effort to reduce fiscal deficit through austerity measures is weighing on growth.

Prudent Budget, says Gautam Adani

Prudent Budget, says Gautam Adani

Rediff.com28 Feb 2013

Fine balance between austerity and profligacy with infra push.

Budget choices give less room for RBI rate cuts

Budget choices give less room for RBI rate cuts

Rediff.com22 Feb 2013

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.

'Diagnostics sector: Import duty rebate a must

'Diagnostics sector: Import duty rebate a must

Rediff.com18 Feb 2013

Though the Budget this year is expected to be exceptionally austere, the corporate honchos have dished out their wishlist

Cong red-faced! MP says leaders don't leave AC chambers

Cong red-faced! MP says leaders don't leave AC chambers

Rediff.com10 Nov 2012

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.

What I got when I flew Air India for Rs 169,613

What I got when I flew Air India for Rs 169,613

Rediff.com14 Dec 2020

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.

Franchises have to bear rehab costs of injuries

Franchises have to bear rehab costs of injuries

Rediff.com22 Apr 2013

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).

Key elements of U.S. 'fiscal cliff'

Key elements of U.S. 'fiscal cliff'

Rediff.com4 Dec 2012

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.

Reduction in Survey pages saves Rs 15 lakh for Govt

Reduction in Survey pages saves Rs 15 lakh for Govt

Rediff.com27 Feb 2013

The book was thinner by 60 pages compared to last year.

'A uniform GST model, please, Mr FM'

'A uniform GST model, please, Mr FM'

Rediff.com20 Feb 2013

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.

Rewind: Best PHOTOS in the last 24 hours

Rewind: Best PHOTOS in the last 24 hours

Rediff.com22 Jun 2011

Presenting some of the best PHOTOGRAPHS from around the globe in the last 24 hours

Greece: Conservatives rise to power as Tsipras concedes defeat

Greece: Conservatives rise to power as Tsipras concedes defeat

Rediff.com8 Jul 2019

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.

Rise and Rise of Qatar in Taliban-ruled Afghanistan

Rise and Rise of Qatar in Taliban-ruled Afghanistan

Rediff.com1 Sep 2021

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.

Jalsaghar is a viewing treat you owe yourself

Jalsaghar is a viewing treat you owe yourself

Rediff.com8 Jan 2021

Exquisitely shot, with shadows and light capturing the hypnotic mood of the film, Jalsaghar is a viewing treat you owe yourself.

Army chief assures stern action against Major Gogoi

Army chief assures stern action against Major Gogoi

Rediff.com4 Sep 2018

"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.

US economy would dodge bullet for now under fiscal deal

US economy would dodge bullet for now under fiscal deal

Rediff.com1 Jan 2013

May help US steer clear of recession, although enough austerity would remain in place to likely keep economy growing at lackluster pace.