-The Economic Times The finance ministry on Thursday announced a 10% cut in non-plan expenditure in the current fiscal as part of Austerity Measures aimed at containing its ballooning fiscal deficit. The Centre is aiming to bring down its fiscal deficit to 5.1% of GDP in 2012-13, from 5.76% in the previous fiscal. It also hopes to cut its subsidy bill to below 2% of GDP this year. The ministry has argued that...
More »SEARCH RESULT
Total Matching Records found : 37
Jobs go missing -TK Rajalakshmi
The World of Work 2012 report presents a bleak picture of the global job situation. FOUR years after the global crisis erupted in 2008, organisations such as the International Labour Organisation (ILO) believe that labour markets still have not fully recovered. The world economy is not expected to grow at a sufficient pace over the next couple of years to overcome the crisis. These organisations present some depressing facts: those...
More »The austerity of the affluent-P Sainath
A rural Indian spending Rs. 22.50 a day would not be considered poor by a Planning Commission whose Deputy Chairman's foreign trips between May and October last year cost a daily average of Rs. 2.02 lakh Pranab Mukherjee's stirring call for austerity tugs at the national tear ducts. Prime Minister Manmohan Singh has pleaded for it in the past and watched his flock embrace it creatively. With the Finance Ministry even...
More »Global jobs crisis expected to continue for some time, warns UN report
-The United Nations The global employment situation is alarming, says a new United Nations report released today, which also warns that recovery is not expected any time soon. The World of Work Report 2012: Better Jobs for a Better Economy – published by the UN International Labour Organization (ILO) – says that around 50 million jobs are still missing compared to the situation that existed before the global economic crisis. It also warns...
More »MEA said no to 39 trips by 25 Union ministers-Shyamlal Yadav
Even as 2011-12 saw Union ministers going on an unprecedented number of foreign trips, the MEA has refused clearance on several grounds for at least 39 proposed trips by 25 Union ministers since June 2009. Some of them are no longer ministers. All these trips, barring one, fell in the official category. The ministers had proposed to travel to destinations such as the US, UK, France, Italy, Japan, Australia and South Africa,...
More »
