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.
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.
'Waging battle over a jar of marmalade seemed petty beyond belief so I simply lost my craving for the preserve,' Kishore Singh writes
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.
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.
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.
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.
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.
'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.
Sector to see funding push; tax reforms as well as sops to wait longer.
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.
Khurshid said that display of wealth and opulence is unacceptable in the present scenario.
CNBC recently came up with a list of world's biggest employers.
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.
Despite its stiffness, in Aarkkariyam, a supernatural glow does shine out of the ordinary.
'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.
Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.
The prime minister also decided to stop using special plane for foreign visits or domestic travelling and use business class.
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.
'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.
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.
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.
We bring you a presentation of some of the best photos from around the world in the last week.
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.
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