Starting on an experimental basis, Delhiites would make the budget for the capital.
The G-20 leaders at the ongoing summit in Mexico should refrain from coming out with 'one-size-fits-all' kind of a remedy for the global economy which is facing difficult times, Assocham President Rajkumar Dhoot said on Tuesday.
Last week, the government had introduced a fresh round of austerity measures, including bans on first class travel, creation of new posts and holding meetings in five-star facilities.
'But the world would be much poorer without economics' contribution to understanding how societies function and without economists' suggestions as to how politicians might improve them. 'And economists themselves could do wonders by simply incorporating the country-specific factors in their econometric models rather than just applying them in toto," say Soumya Kanti Ghosh and Samir K Jha.
Despite its stiffness, in Aarkkariyam, a supernatural glow does shine out of the ordinary.
RBI intervention fails to arrest decline, experts feel govt must get house in order to weather shocks.
"Europe is watching us. I'm sure that in many European countries there is relief and hope at the idea that austerity does not have to be our only fate," the president-elect said in a victory speech in his constituency of Tulle in central France.
The flawed response to the crisis has fed a us-vs-them mentality in which the banker, the expert, the coastal entrepreneur, the immigrant, the foreigner are all villains. The crisis was not that much of a problem; the response -- the over-reaction, the sovereign debt build-up and the lasting anger -- is the problem, says Mihir S Sharma.
As he projected a grim outlook for the economy, RBI Governor said that amidst this encircling gloom, agriculture and allied activities have provided a beacon of hope on the back of an increase of 3.7 per cent in foodgrains production to a new record.
Sector to see funding push; tax reforms as well as sops to wait longer.
Khurshid said that display of wealth and opulence is unacceptable in the present scenario.
Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.
CNBC recently came up with a list of world's biggest employers.
'Well, what can be done now, when the economy is tanking? 'Austerity', the officials cry. That would be fine, but austerity by whom? Normally, the answer is: Belt-tightening by the common man (Indians already pay some of the highest prices in the world for petroleum products, and a lot of that is punitive taxes), but ostentatious spending and extravagance by the political classes and their cronies,' says Rajeev Srinivasan.
The prime minister also decided to stop using special plane for foreign visits or domestic travelling and use business class.
Patel's closeness to the Gandhi family was undeniable. But unlike others, he resisted the temptation to use it to leverage personal business, says Aditi Phadnis.
'But India needs to remember Dr Roy, the multifaceted genius who excelled as a physician and was most loved as a leader,' notes Dr Sudhir Bisht.
Hiring during a recession and leveraging a stable succession gameplan are just a few amongst many other things that this firm did right.
The US House of Representatives passed the bipartisan bill to avert a massive debt default and reduce trillions in government spending, paving way for the austerity measure to face a Senate vote.
Many nations, especially in Europe, are finding it hard to carry out the austerity measures.
The overall market breadth ended positive as 1,494 stocks are advancing while 1,383 are declining.
Continuing with his praise of Arvind Kejriwal, Congress leader Digvijaya Singh on Thursday said that Bharatiya Janata Party's prime ministerial candidate Narendra Modi should learn austerity and humility from the Aam Aadmi Party leader.
The 14-member panel headed by Consumer Affairs Secretary Rajiv Aggarwal today deliberated and suggested ways to check food wastage at weddings, big hotels and other social events.
Wine is the only beverage that continues to change after bottling, and which after 20 or even 50 years can surprise, amaze and delight, says Alok Chandra.
'We flew all missions in the first part of the war at low levels; that is at 300 to 500 feet above the ground.' 'These sorties were no doubt stressful since the pilots and crew had to look out for birds and obstructions as well as enemy gunfire.'
We bring you a presentation of some of the best photos from around the world in the last week.
Spain's unprecedented success at the World Cup finals is helping people forget the country's economic woes, captain Iker Casillas said on Friday.
Thomas Isaac has been in and out of the national news in his role as Kerala's finance minister since 2018 for various path-breaking tax initiatives. But it is 2020 that he has become more prominent, principally in the GST council.
Sunder Navalkar devoted her whole life to the cause of workers' rights, remembers Sanober Keashwaar.
The finance ministers of 16 nations that use the euro Sunday night sealed a 110-billion euro bailout package for heavily indebted Greece over three years after the country's government agreed to a new round of tough austerity measures.
They will fawn over a prize catch who has brought a rich dowry of Gwalior-Chambal politicians. But in the end, all BJP members are prajas of Amit Shah and Narendra Modi, notes Sunanda K Datta-Ray.
On September 7, 2009, the government had instructed all its departments not to travel first class within or outside the country on government account.
Jeremy Corbyn is a most unusual politician in these times.
Affluent politicians in India are obviously upset with what the affluent corporate Indian is permitted to legitimately take home as a pay package.
Exorbitant executive pay packets have come under fire from different quarters internationally, with many even blaming the practice for the ongoing financial turmoil.
If you spot a politician or civil servant seen to be violating the austerity guidelines, why don't you shoot a photograph and/or video and send it to us? We shall post the best images and videos on rediff.com
Congress president Sonia Gandhi may advocate austerity in these tough times but not everyone shares her enthusiasm for tightening the belt, it seems.Certainly not Ashwini Kumar, director of the Central Bureau of Investigation, who was flown in a chartered flight to Surat for the November 29 wedding of Shreyansh Govind Dholakia.The Dholakias are well-known diamond brokers from Surat with offices all over the world.
Many argue there's a mismatch between Prime Minister Narendra Modi's focus on international exposure and his government's diktat to officials on limiting travel.
Minister of State for External Affairs Shashi Tharoor has learnt that humour has no place in Indian politics. George Joseph meets the newly-cautious Tharoor, and finds out why the satirical novelist enjoys being part of the Indian government.
During deleveraging the income falls more than reduction in debt due to the austerity measures.
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