HT Image
HT Image

EU, IMF press Greece on reforms before aid flows

The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows.
By HT Correspondent | Reuters, Athens/davos
UPDATED ON JAN 27, 2012 09:09 PM IST

The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows.


All eyes have been on Athens’ tortuous debt swap talks with its private creditors in recent weeks. EU economic and monetary affairs chief Olli Rehn injected some optimism on Friday, saying an agreement was “very close” and might be clinched as soon as this weekend.

With or without a deal with private creditors, Greece will not get the €130-billion package it needs to avert a chaotic default if it does not convince its euro zone partners and the IMF that it is doing enough to implement the reforms they require in return for the aid.

“Greece has not only to commit itself, Greece has to deliver. Not all of the commitments have been fulfilled. That is one of the critical issues to confidence,” German finance minister Wolfgang Schaeuble said at the annual World Economic Forum meeting in Davos on Friday. “No firewall - you can make any figure - it cannot work if the real problems will not be solved.”

SHARE THIS ARTICLE ON
Close
Six Indian universities were featured in QS’s Environmental Sciences ranking, with IIT Bombay and IIT Kharagpur (151-200) attaining top-200 positions.(PTI)
Six Indian universities were featured in QS’s Environmental Sciences ranking, with IIT Bombay and IIT Kharagpur (151-200) attaining top-200 positions.(PTI)

25 courses by Indian varsities in top 100

By Prashant K Nanda, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 02:09 AM IST
  • Indian Institute of Science in Bangalore retained its ranks for Materials Science (78th) and Chemistry (93rd).
Close
Vaccines administered at government health facilities will be free, while private facilities cannot charge over <span class='webrupee'>₹</span>250 per dose, the government has said.(File Photo / REUTERS)
Vaccines administered at government health facilities will be free, while private facilities cannot charge over 250 per dose, the government has said.(File Photo / REUTERS)

Infy, Accenture to cover jab cost for Indian staff

Reuters, Bengaluru
PUBLISHED ON MAR 04, 2021 12:21 AM IST
  • India’s vaccination campaign ramped up on Monday, with people above the age of 60, and individuals 45 or older suffering from certain medical conditions, now eligible for shots.
Close
Advances in aggregation, anonymisation, on-device processing and other privacy-preserving technologies offer a clear path to replacing individual identifiers, Google said.(REUTERS)
Advances in aggregation, anonymisation, on-device processing and other privacy-preserving technologies offer a clear path to replacing individual identifiers, Google said.(REUTERS)

Google looks to test interest-based user tracking

By Saumya Tewari, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 12:17 AM IST
  • The company, which relies heavily on digital advertising using user data, said it will not track individual-level data such as personally identifiable information (PII) graphs based on people’s email addresses.
Close
Worryingly, however, employment declined for the third month in a row, and companies noted the sharpest rise in overall expenses for eight years.(iStock)
Worryingly, however, employment declined for the third month in a row, and companies noted the sharpest rise in overall expenses for eight years.(iStock)

Services expand at fastest rate in a year in Feb

By Asit Ranjan Mishra, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 12:10 AM IST
  • In comparison, PMI for the manufacturing sector had fallen marginally to 57.5 in February from 57.7 a month ago, data released on Monday showed.
Close
The GST Council is chaired by the Union finance minister and has finance ministers of states as its members.(File Photo)
The GST Council is chaired by the Union finance minister and has finance ministers of states as its members.(File Photo)

GST Council to fix inverted duty anomaly soon

By Rajeev Jayaswal, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 12:03 AM IST
  • The Council is expected to meet this month, but a date is yet to be finalized, the first person said.
Close
In an interview with Mint, Jalan had earlier said that the ministry had assured the consortium that whatever slot is required will be made availab(File photo: Mint/ Abhijit Bhatlekar)
In an interview with Mint, Jalan had earlier said that the ministry had assured the consortium that whatever slot is required will be made availab(File photo: Mint/ Abhijit Bhatlekar)

Jet owner must apply for fresh airport slots, say authorities

By Rhik Kundu, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 11:56 PM IST
  • Lawyers representing the consortium had earlier insisted that DGCA and the aviation ministry must follow the principle of historicity and grant slots to the revived Jet Airways.
Close
The company also plans to introduce at least five new passenger vehicle models next year to drive sales, the people said.(Reuters)
The company also plans to introduce at least five new passenger vehicle models next year to drive sales, the people said.(Reuters)

Maruti targets record production

By Malayaban Ghosh, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 11:50 PM IST
  • The Suzuki Motor Corp. unit has told its suppliers about its strategies, asking them to ramp up production, the people cited above said on condition of anonymity.
Close
In other regions of Asia, too, markets ended higher, with Hong Kong’s Hang Seng index, China’s Shanghai Composite, Japan’s Nikkei 225 and South Korea’s Kospi climbing 0.5-3%.(Bloomberg)
In other regions of Asia, too, markets ended higher, with Hong Kong’s Hang Seng index, China’s Shanghai Composite, Japan’s Nikkei 225 and South Korea’s Kospi climbing 0.5-3%.(Bloomberg)

Stocks soar over 2% on global rally amid growing optimism

By Nasrin Sultana, Ashwin Ramarathinam, Hindustan Times, Mumbai
PUBLISHED ON MAR 03, 2021 11:49 PM IST
  • The BSE Sensex gained 1,147.76 points or 2.28% to end at 51,444.65, while the Nifty surged 326.50 points or 2.19% to close at 15,245.60
Close
Data available till January end showed this class of tax filers, the biggest chunk of all tax filers, shrank 6.6% from a year ago.(Representational photo)
Data available till January end showed this class of tax filers, the biggest chunk of all tax filers, shrank 6.6% from a year ago.(Representational photo)

Salaried class shrank in FY20

By Gireesh Chandra Prasad, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 11:45 PM IST
  • For those filing returns for FY20 in form ITR-1—people with income from salaries, one house property and farm income up to 5,000—the last date for filing was January 10, 2021.
Close
A pedestrian wearing her facemask walks past a closed sign hanging on the door of a small business in Los Angeles, California on November 30, 2020. (AFP File Photo )
A pedestrian wearing her facemask walks past a closed sign hanging on the door of a small business in Los Angeles, California on November 30, 2020. (AFP File Photo )

Bank of America says US economy is hurt by a lack of workforce diversity

Bloomberg
PUBLISHED ON MAR 03, 2021 11:13 PM IST
“Rule 101 of investing is to diversify investment capital to maximize returns, so why don‘t we do the same with human capital?” an analyst said in a report.
Close
HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)
HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)

HDFC reduces interest rates on home loans

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 09:44 PM IST
  • HDFC also outlined that the changes will affect customers who currently have availed home loan benefits from the lender.
Close
Pulkit Vij
Pulkit Vij

Pulkit Vij of Kamal Associates carries forward father’s ‘budget housing' dream

By HT Brand Studio
PUBLISHED ON MAR 03, 2021 07:09 PM IST
Even during the Covid-19 pandemic, the market continued to grow for Pulkit’s business because of their resolution to provide “Apna Ghar, Sabka Ghar”, which he treats like a daily mission.
Close
The cryptocurrency has been volatile. Prices plunged 21% last week and have recovered with the broad bounce back in equities.(REUTERS)
The cryptocurrency has been volatile. Prices plunged 21% last week and have recovered with the broad bounce back in equities.(REUTERS)

Bitcoin jumps above $50,000 in recovery from last week’s rout

Bloomberg
PUBLISHED ON MAR 03, 2021 06:24 PM IST
The digital token climbed 8% to trade around $51,500 in early US trading, reaching the highest level in a week.
Close
Representational image. (Getty Images/iStockphoto)
Representational image. (Getty Images/iStockphoto)

GST body could correct inverted duty on textile, fertiliser, footwear in March

By Rajeev Jayaswal
PUBLISHED ON MAR 03, 2021 05:29 PM IST
This is an old issue that required urgent attention now as businesses involved in these sectors are unable to claim input-tax credit because of higher levies on raw materials compared to the finished goods
Close
Sharma’s Paytm heads a group that includes ride-hailing startup Ola and at least five other companies. The fourth consortium consists of Tata Group, Mastercard, telecom operator Bharti Airtel Ltd. and retail banks Kotak Mahindra Bank Ltd. and HDFC Bank Ltd.(File Photo)
Sharma’s Paytm heads a group that includes ride-hailing startup Ola and at least five other companies. The fourth consortium consists of Tata Group, Mastercard, telecom operator Bharti Airtel Ltd. and retail banks Kotak Mahindra Bank Ltd. and HDFC Bank Ltd.(File Photo)

Amazon, Google among those vying for India’s digital payments market

Bloomberg
PUBLISHED ON MAR 03, 2021 05:10 PM IST
In a market where cash is still king, digital payments are quickly gaining ground as India’s 1.3 billion people are starting to embrace online shopping and services such as online gaming and streaming.
Close
SHARE
Story Saved
OPEN APP