n18
NEWS|Current Affairs 
   |

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.

Suspicious powder sent to western consulates in Istanbul: officials

from firstpost

Suspicious powder sent to western consulates in Istanbul: officials

ISTANBUL (Reuters) - Packets of an unidentified yellow powder were sent to five western consulates in Istanbul on Friday, officials said, prompting security alerts following two militant attacks in Ca...


Car bomb kills at least 25 security forces in Egypt's Sinai

from firstpost

Car bomb kills at least 25 security forces in Egypt's Sinai

ISMAILIA (Reuters) - A car bomb killed at least 25 Egyptian security personnel in the Sinai Peninsula on Friday, security sources said, in some of the worst violence against the state since Islamist P...

Doctor with Ebola in New York stable; nurse is virus-free

from firstpost

Doctor with Ebola in New York stable; nurse is virus-free

NEW YORK (Reuters) - Authorities retraced the steps of an American doctor with Ebola, who was listed Friday in stable condition at a New York hospital's isolation unit, while seeking to reassure a jit...

Canada vows tougher laws as citizens worry in face of attacks

from firstpost

Canada vows tougher laws as citizens worry in face of attacks

OTTAWA (Reuters) - Canada vowed on Friday to toughen laws against terrorism as an opinion poll showed a majority of Canadians lacked confidence in their security services' ability to deter homegrown r...

Modi praises clean up efforts by people after Diwali celebrations

from firstpost

Modi praises clean up efforts by people after Diwali celebrations

New Delhi: Prime Minister Narendra Modi on Friday congratulated the public for their efforts towards cleaning up the dirt left behind after bursting of firecrackers on Diwali.In tweets posted on the P...

US is destabilizing global order by imposing its will on other nations: Putin

from firstpost

US is destabilizing global order by imposing its will on other nations: Putin

Moscow: The United States is destabilizing the global order by trying to impose its will on other nations, Russian President Vladimir Putin declared on Friday, warning that the world will face new war...

Pak parliament's anti-India resolution obvious sign of desperation, says BJP Rudy

from firstpost

Pak parliament's anti-India resolution obvious sign of desperation, says BJP Rudy

New Delhi: The passing of an anti-India resolution by the Pakistani parliament was an "act ofdesperation" and the result of the neighbouring country's isolation by the world community, BJP o...