7,000 officials punished in China for violating austerity drive

About 7000 Chinese officials were punished in October for violating the government's policies for a thrifty work style, the country's anti-graft body said on Friday.

IMF frees USD 4.6 billion in aid for Greece

The International Monetary Fund released USD 4.6 billion in aid to Greece today, after a yearlong delay to ensure Athens was meeting targets set by bailout lenders.

China caps spending on receptions for foreign dignitaries

China has extended its austerity campaign to receptions held in the capital for foreign guests, including Heads of State, fixing meagre amounts to be paid only by official cards instead of cash.

Need not copy other leaders on austerity: Meghalaya CM

Meghalaya CM Mukul Sangma Tuesday termed as "rhetoric and populist strategies" the austerity measures adopted by other politicians in the country.

Narendra Modi should learn austerity from Arvind Kejriwal: Digvijay Singh

Congress leader Digvijay Singh advised Gujarat Chief Minister Narendra Modi to learn austerity from his Delhi and West Bengal counterparts - Arvind Kejriwal and Mamata Banerjee- respectively.

Thousands rally against austerity in Rome

Thousands of people took to the streets of Rome on Saturday for an anti-austerity protest, with a massive security presence in place amid fears of clashes.

Thousands protest against austerity in Portugal, Italy

Tens of thousands of people took to the streets in Italy and Portugal today to protest against budget cuts and the social cost of the economic crisis, amid concern over possible clashes in Rome.

Petrol pump `curfew`: Congress says austerity necessary; BJP calls it economic emergency

The Petroleum Ministry`s proposal to do away with 24-hour petrol pumps in cities has not gone down well with the BJP and CPI.

Communist Party official sacked for daughter`s lavish wedding

Communist Party of China official heading a poverty-stricken township was sacked for holding his daughter`s wedding in extravagant manner, violating austerity measures backed by President Xi Jinping.

Greece shuts public broadcaster ERT, 2700 jobs affected

Shortly after the announcement, thousands rushed to the main ERT headquarters in a northern Athens suburb to show their support.

Portugal lawmakers clear new austerity budget

Portugal`s parliament adopted Friday a revised budget aiming to keep its finances on track as part of its international bailout after country`s top court rejected several measures in the initial plan.

Italy votes in crucial eurozone election; Berlusconi heckled by topless feminists

While Europe watched and prayed for stability in the eurozone’s third largest economy, Italians on Sunday voted in what is being termed as the country’ most important election for this austerity-stricken generation.

Thousands march in Spain to protest austerity

Several thousand anti-austerity protesters in Spain marched down a major street in the capital banging pots and pans Saturday.

Thousands march in Paris against austerity

Thousands of demonstrators are marching peacefully in Paris to denounce austerity measures.

Govt extends austerity drive to autonomous bodies

Carrying forward its austerity drive to contain expenditure, the government on Tuesday restrained autonomous bodies including IITs, IIMs and universities from creating new posts and holding meetings in five-star hotels.

Austerity drive: Govt bans 5-star hotel meetings

The government banned creation of new posts in its departments and holding meetings in five-star hotels besides imposing curbs on foreign travel.

May Day rallies across Europe protest austerity

The demonstrations are especially significant in France and Greece, where people are to elect their leaders.

Greek policemen available on rent of 30 euros/hr

The cash-strapped Greek state is now
looking to a new way of raising revenues renting out its policemen.

Greek suicide a symbol of austerity pain

A Greek pensioner`s suicide has become a symbol of the pain of austerity and been seized upon by opponents.

Greeks hurl petrol bombs as lawmakers weigh austerity

Greek lawmakers looked set to endorse a new austerity deal on Sunday to secure an EU/IMF bailout.