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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.

Saarc diplomacy: India's foreign secy calls on Bhutan King, PM

from firstpost

Saarc diplomacy: India's foreign secy calls on Bhutan King, PM

Thimphu: Foreign Secretary S Jaishankar on Sunday held talks with Bhutan's top leadership and called on King Jigme Khesar Namgyel Wangchuck here as he began his 'SAARC Yatra' to firm up India's ties w...


Kerala 'fireball in the sky' was most probably a meteor, say authorities

from firstpost

Kerala 'fireball in the sky' was most probably a meteor, say authorities

Thiruvananthapuram: A prelimnary examination by scientists has revealed that the 'fireball', which streaked across the Kerala sky triggering panic in several disitricts a day ago, could be a meteor.Of...

Swine flu death toll climbs to 1075, almost 20,000 cases nationwide

from firstpost

Swine flu death toll climbs to 1075, almost 20,000 cases nationwide

New Delhi: Swine flu has claimed 34 more lives as the nationwide toll from the H1N1 virus touched 1,075 with the number of cases of the disease inching towards the 20,000 mark.Health Ministry figures ...

From gold bonds to cheap LCD, LED TVs: 10 takeaways from Budget 2015 for the aam aadmi

from firstpost

From gold bonds to cheap LCD, LED TVs: 10 takeaways from Budget 2015 for the aam aadmi

Despite no obviousmention of income tax incentives for the common man, finance minister Arun Jaitley provided certain reliefs in this years budget that will allow the aam aadmi to save more.1. How tax...

Muslims in India are safer than anywhere else in the world: Yogi Adityanath

from firstpost

Muslims in India are safer than anywhere else in the world: Yogi Adityanath

Hubballi: Firebrand BJP MP Yogi Adityanath on Sunday said Muslims are safer in India than anywhere else in the world and the majority community is liberal by nature."Hindus are liberal in nature ...

Netanyahu flies to U.S., ties fraying over his planned Iran speech

from firstpost

Netanyahu flies to U.S., ties fraying over his planned Iran speech

WASHINGTON/JERUSALEM (Reuters) - Defying U.S. President Barack Obama, Israeli Prime Minister Benjamin Netanyahu flew to Washington on Sunday to warn Congress about the risks of a possible nuclear deal...

Kurdish rebels call disarmament move historic, want Turkey to step up reforms

from firstpost

Kurdish rebels call disarmament move historic, want Turkey to step up reforms

ISTANBUL (Reuters) - Kurdish militants on Sunday described as "historic" a call by their jailed leader to hold a disarmament congress and said Turkey must now take concrete steps to keep the...