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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.

Massive ceasefire violation: Pakistan attacks 22 BSF posts, kill 2 civilians

from firstpost

Massive ceasefire violation: Pakistan attacks 22 BSF posts, kill 2 civilians

Jammu: In a major ceasefire violation along the International Border, Pakistani troops targeted 22 Border Security Force posts and several villages last night, killing at least two civilians and injur...


U.N. Security Council condemns journalist's murder, urges defeat of Islamic State

from firstpost

U.N. Security Council condemns journalist's murder, urges defeat of Islamic State

UNITED NATIONS (Reuters) - The U.N. Security Council on Friday condemned the beheading of U.S. journalist James Foley by Islamic State militants, saying that they and their ideology of intolerance mus...

Under fire for aid move, Russia lashes out at Ukraine, Lithuania

from firstpost

Under fire for aid move, Russia lashes out at Ukraine, Lithuania

UNITED NATIONS (Reuters) - Russia on Friday defended its decision to send a humanitarian aid convoy into Ukraine without official permission, saying there was sometimes "no chain of command"...

Obama may seek new funds to battle Islamic State - Senate aide

from firstpost

Obama may seek new funds to battle Islamic State - Senate aide

WASHINGTON (Reuters) - President Barack Obama could ask the U.S. Congress in coming weeks to approve new funds for airstrikes against Islamic State targets, according to a congressional aide, followin...

U.S. considering taking fight against Islamic State into Syria

from firstpost

U.S. considering taking fight against Islamic State into Syria

EDGARTOWN Mass. (Reuters) - The United States is considering taking the fight against Islamic State militants into Syria after days of airstrikes against the group in Iraq and the beheading of an Amer...

U.S. considering taking fight against Islamic State into Syria

from firstpost

U.S. considering taking fight against Islamic State into Syria

EDGARTOWN Mass. (Reuters) - The United States is considering taking the fight against Islamic State militants into Syria after days of airstrikes against the group in Iraq and the beheading of an Amer...

Cholera outbreak in Ghana kills at least 67 since June - health authorities

from firstpost

Cholera outbreak in Ghana kills at least 67 since June - health authorities

ACCRA (Reuters) - Cholera has killed at least 67 people in Ghana since June and infected more than 5,000 others in an outbreak that highlights the health and sanitation challenges facing one of Africa...