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Portugal PM says austerity rejection a `huge frustration`

Last Updated: Saturday, May 31, 2014, 20:56

Portugal`s prime minister on Saturday vowed to overcome the "huge frustration" posed by the constitutional court`s rejection of austerity measures in Lisbon`s 2014 budget.

Kerala govt initiates austerity measures

Last Updated: Thursday, October 10, 2013, 22:27

With state`s financial situation coming under strain, Kerala Cabinet on Thursday decided to initiate certain austerity measures.

Govt to stick with austerity despite looming election: Chidambaram

Last Updated: Tuesday, October 08, 2013, 18:46

The govt will have to rein in spending and cut subsidies to meet its fiscal deficit target, the finance minister said, underlining that an austerity drive will not be blown off course by an election due next year.

Stick to austerity steps while seeking additional funds: FinMin

Last Updated: Monday, October 07, 2013, 19:21

"Steps/measures to be taken for better fiscal and expenditure management for 2013-14...May kindly be followed strictly," the Finance Ministry said in a communication to all the financial advisors.

Govt launches austerity measures; no new jobs for a year

Last Updated: Wednesday, September 18, 2013, 20:00

Aiming to restrict the fiscal deficit to 4.8 percent of GDP in 2013-14, the Finance Ministry has ordered all ministries and departments not to buy new vehicles, create new jobs or fill posts lying vacant for over one year.

Govt announces austerity measures; to cut non-plan expenditure by 10%: FinMin

Last Updated: Wednesday, September 18, 2013, 19:30

The Finance Ministry on Wednesday announced a small-bore austerity measures to boost the economy without hampering the operational efficiency of the government which included a cut in non-plan expenditure by 10 percent.

Millions more Europeans at risk of poverty if austerity drags on: Oxfam

Last Updated: Thursday, September 12, 2013, 10:23

Up to 25 million more Europeans are at risk of sinking into poverty by 2025 if governments push on with austerity measures, international aid agency Oxfam warned Wednesday, calling such policies "moral and economic nonsense".

Brazilian president questions European austerity measures

Last Updated: Monday, November 19, 2012, 12:11

Confidence in a country's economy "is not built solely on the sacrifices" of its citizens, Brazilian President Dilma Rousseff said, adding that austerity "has its limits".

Greek schools in danger of closure for lack of heating

Last Updated: Monday, November 05, 2012, 11:54

Schools in northern Greece run the risk of being closed in the coming days because they haven`t enough money to pay for heating.

Protests over austerity measures in Italy

Last Updated: Sunday, October 28, 2012, 10:56

Some 150,000 people have converged here from across Italy to protest against the government`s tax hikes and welfare cuts.

Thousands in UK join anti-austerity march

Last Updated: Saturday, October 20, 2012, 21:15

Labour leader Ed Miliband is among dozens of speakers addressing crowds at the biggest march in London.

Zimbabwe finance minister barricaded into office

Last Updated: Thursday, October 04, 2012, 00:48

Finance Minister Tendai Biti insists he can`t pay them until diamond mining earnings controlled by loyalists to President Robert Mugabe are fully paid into state coffers.