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NEWS|Current Affairs 
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In his final budget speech in this government, Finance Minister P Chidambaram provided some relief to students today. In the vote on account speech, Chidambaram announced a moratorium scheme on interest payment on education loans and said that the move will benefit more than 9 lakh students.The Finance Minister allocated Rs 2,600 crore for the education loan moratorium. In his final budget speech, Chidambaram proposed a moratorium period for all education loans taken up to 31 March, 2009 and outstanding on 31 December, 2013. He said that the government will take over the liability for outstanding interest, but the borrower would have to pay interest for the period after 1 January, 2014. "I intend to provide the funds in the current financial year itself. Accordingly, a sum of Rs 2,600 crore will be transferred to Canara Bank, the designated CSIS banker," he added.The finance minister said the details of the scheme would be announced soon.Chidambaram also said that the UPA government has focussed on education and the expenditure has increased from Rs 10,145 crore 10 years ago to Rs 79,251 crore now."UPA prioritized spreading access to education," he added.

High pollution levels in Delhi may have cost Obama 6 hours of his life

from firstpost

High pollution levels in Delhi may have cost Obama 6 hours of his life

India geared up and how for US President Barack Obama's arrival in New Delhi with no-fly zones and seven tier security rings. The city turned into a fortress with office buildings around Rajpath being...


Pakistan violates ceasefire in Jammu hours after Obama leaves India

from firstpost

Pakistan violates ceasefire in Jammu hours after Obama leaves India

Jammu: Pakistan Rangers overnight targeted Border Security Force (BSF) posts on the International Border in Jammu, a source said on Wednesday."Pakistan Rangers targeted some BSF outposts in RS Pu...

Sunanda Pushkar murder: SIT questions former SP leader Amar Singh for two hours

from firstpost

Sunanda Pushkar murder: SIT questions former SP leader Amar Singh for two hours

In the latest developments in the Sunanda Pushkar murder case, former Samajwadi Party leader Amar Singh was questioned by a special investigating team (SIT) ofDelhi Police on Wednesday, media reports ...

Nithari killings: Allahabad HC converts Surender Koli's death sentence to lifer

from firstpost

Nithari killings: Allahabad HC converts Surender Koli's death sentence to lifer

The Allahabad High Court on Wednesday converted the death sentence of Surendra Koli, the prime accused in the gruesome Nithari killings case, to life imprisonment, based on a PIL filed on the case, ci...

Dil ki Baat: RJ Modi and Obama turn 'Mann ki Baat' into gooey love-fest

from firstpost

Dil ki Baat: RJ Modi and Obama turn 'Mann ki Baat' into gooey love-fest

After the mornings pregnant-with-hidden-meaning remarks by Barack Obama on the need for religious tolerance in India, the evenings Mann ki Baat featuring him and Narendra Modi turned into a veritable ...

International Day of Yoga: PM Modi wants NCC cadets to create world record

from firstpost

International Day of Yoga: PM Modi wants NCC cadets to create world record

New Delhi: Prime Minister Narendra Modi on Wednesday asked the National Cadet Corps to try and create a world record by doing yoga across the country at the same time on 21 June, the 'International Da...

Shashi Tharoor says Indo-US nuclear deal triumph of UPA policies

from firstpost

Shashi Tharoor says Indo-US nuclear deal triumph of UPA policies

New Delhi:Congress leader Shashi Tharoor on Wednesday termed the Indo-US nuclear deal as a "triumph" of the UPA's policy and ridiculed the Narendra Modi government for celebrating something ...