Presenting his first budget policy before the government of Prime Minister Vladimir Putin, Medvedev said for the first time in a decade Russia would be spending more than its revenue.
By replacing just 50 per cent of proprietary software with open source in desktops and servers in 2010, India can save close to Rs 10,000 crore.
Tharoor has nearly 175,000 followers on Twitter. An account that he started when he launched his election campaign now may now cost him dear as voices urging him to log off Twitter keep getting louder by the day.
Determined to imbibe austerity in its policies, the government has asked various departments to scrap or downsize expenses on insignificant activities by up to 10 per cent when they submit proposals for Budget 2010-11.
The Dravida Munnetra Kazhagam, partner in the United Progressive Alliance government, has also adopted austerity as its slogan with its Union minister Dayanidhi Maran on Wednesday travelling by economy class of an Air India flight from Chennai to New Delhi
A relevant question that needs to be answered is what actually triggered the Manmohan Singh government's austerity move?
In view of the government's austerity drive, Union External Affairs Minister S M Krishna on Sunday decided to forego travel by private aircraft which he is entitled to use on visits abroad and said he will go by commercial flights.
Finance Minister Pranab Mukherjee on Friday sought to downplay the controversy over austerity measures that had kicked up a row in the cabinet meeting on Thursday saying it could be due to some misunderstanding.
The UPA government's drive has come under some questioning from an ally with a mind of its own.
External Affairs Minister S M Krishna and his deputy Shashi Tharoor are ready to vacate their luxury hotel rooms following Finance Minister Pranab Mukherjee's call for austerity.
For Africa's Test-playing nations, administrative turmoil has defined the dying days of the 2010s.
'Insulting the law, instigating violence, living ostentatiously and preaching godliness?' 'This vulgar hypocrisy needs peoples' rejection and a revolt.' 'If people can't speak out, then it will be a hypocrisy that they expect the government to act and speak for them,' says Tarun Vijay.
Perched in the hills of Darjeeling, the factory was set up in 1874, but has remained shut since 2001. Efforts to reopen the colonial era establishment are now on a war footing.
Silver met with resistance and fell by Rs 200 to Rs 36,000 per kg.
The Greek stock market has been shut since last week.
Staff on Air India One, the Prime Minister's official aircraft, was reportedly given advance instructions to trim the contents on offer in the official menu.
News is already out that the Prime Minister Manmohan Singh's delegation has been pruned for his trip to Pittsburgh. The staff on Air India One, the prime minister's official aircraft, were reportedly given advance instructions to trim the contents on offer in the official menu. The staff did not serve expensive biscuits and eliminated caviar, but in a concession to the media accompanying the delegation, served all those on board the choicest of liquor en route to Frankfurt.
While austerity is the current fad, the United Progressive Alliance government has splurged over Rs 93 crore in the last five years on renovation and maintenance of the sprawling bungalows of ministers and Members of Parliament, in the posh Lutyen's zone. In reply to a Right To Information query filed by a resident of Mumbai, Chetan Kothari, it was revealed by the government that in the last five years, an expenditure of Rs 93.53 crore has been incurred.
'It's a rare privilege, within a matter of months, I have changed my residence, my profession, my daily thrust of work, and it's in some ways quite invigorating,' Shashi Tharoor, minister of state for external affairs, tells Aziz Haniffa in an exclusive interview.
On tap to keynote the 26th annual Convention of the American Association of Physicians of Indian Originarguably the largest and most influential ethnic professional organization in the United Statesin Las Vegas next week, is Indian Health Minister Dr Anbumani Ramadoss, who AAPI leaders say has confirmed he will attend despite rumors to the contrary because of Prime Minister Manmohan Singh's austerity drive discouraging his ministers from foreign travel.
'In a serious fiscal situation like this, an ostrich-like focus on annual budgeting, event management and defensive rhetoric will only make matters worse,' warns Rathin Roy.
Banks bore the brunt of the sell-off.
The Communist Party of India-Marxist on Friday raised in the Lok Sabha the issue of Minister of State for Tourism Sultan Ahmed staying in a five-star hotel for six months and questioned who would foot the bill of Rs 37 lakh.
A shorter tournament will mean a smaller share from the shrunken central pool of revenues for the eight IPL franchises, not to mention a reduction in gate receipts. Cricket Australia stands to lose some A$300 million ($174 million) should the coronavirus outbreak derail their high-profile home test series against India later this year.
Sourdough is not only a type of bread, but also a technique.
AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.
The European Commission urged Greece to stick to commitments it has made to reform its economy as Prime Minister Alexis Tsipras called a snap election within hours of new EU bailout cash arriving in Athens.
Khan stressed on taking austerity measures, working on tax reforms instead of taking loans, rooting out corruption.
In his monthly 'Mann ki Baat' broadcast, Modi said all classes of people have suffered during the pandemic but it is the poor who have suffered the worst.
In April 2004, the ministry had permitted banks to purchase new vehicles for replacement or otherwise on "need basis".
Several austerity measures are believed to have been discussed by the management in a recently-held Board meeting with a view to cutting losses, now exarberated by surging international crude prices. In its presentation before the Board, Air India's finance department has also suggested discontinuation of payment to the Indira Gandhi Rashtriya Udaan Academy as part of controlling costs.
It's hoped the negotiations can be wrapped up by August 20.
The central government babus have been given a big hike in TA/DA (travel allowance/dearness allowance) as part of implementation of the Sixth Pay Commission, but it may be only illusory as ministries and departments will get no additional funds to foot their bills.
Energy Minister Panagiotis Lafazanis and Deputy Labour Minister Dimitris Stratoulis also voted against the package.
Over the past week, the Sensex and the Nifty continued the bull-run
The Finance Ministry has put many restrictions such as a ban on purchasing new vehicles and limiting foreign tours of officials in all the ministries.The efforts are aimed at containing fiscal deficit at 3.3 per cent of the total GDP.
Greek Finance Minister Yanis Varoufakis announced his resignation on Monday, a day after Greeks delivered a resounding 'No' to the conditions of a rescue package.
The exhibition particularly aims at Lebanese youth, who are seen as the foundation of a strong nation.
'It isn't an art house film. It is essentially a feel-good story.'
Signs of a slowdown in economic growth momentum seems to be guiding India Inc towards an austere path, with the country's largest private sector lender ICICI Bank deciding to skip rituals like annual promotions and large bonus payouts to employees this year. The bank announces these annual promotions and bonuses mostly by the end of April every year and has been known for its liberal approach when it comes to doling out promotions, salary hikes and bonuses for employees.
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