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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.

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Patel quota stir: Hardik to organise 'reverse' Dandi march

from ibn

Patel quota stir: Hardik to organise 'reverse' Dandi march

Surat: The Patel quota movement spearhead Hardik Patel will organise a "reverse" Dandi march from Dandi to Ahmedabad later this week in a bid to scale up the agitation in its second phase. The Dandi ...


Himachal Pradesh: 18 dead, 12 injured as bus falls into gorge

from firstpost

Himachal Pradesh: 18 dead, 12 injured as bus falls into gorge

Shimla: Eighteen persons were killed and 12 others injured on Tuesday when a bus fell 200 metres deep into a gorge at Nathpa on Hindustan Tibet National highway, 185km from Shimla.Fifteen persons died...

PM Modi likely to attend key RSS meet starting on Wednesday

from firstpost

PM Modi likely to attend key RSS meet starting on Wednesday

New Delhi: For the first time after becoming Prime Minister, Narendra Modi is expected to attend a key RSS meet starting in New Delhi on Wednesday which is likely to brainstorm on a number of contenti...

NIA books LeT handler in Udhampur attack case

from firstpost

NIA books LeT handler in Udhampur attack case

Srinagar:In yet another arrest in the Udhampur attack, NIA on Tuesdaybooked an alleged overground worker of banned Lashker-e-Taiba (LeT) outfit who had transported four terrorists from one place in Ka...

Engineering student in Hyderabad commits suicide after allegedly being ragged by seniors

from firstpost

Engineering student in Hyderabad commits suicide after allegedly being ragged by seniors

Hyderabad: A first-year engineering student of a private college in Hyderabad allegedly committed suicide reportedly after being ragged by his seniors in Warangal district of Telangana.V Sainath (18),...

Delhi CM Kejriwal writes to L-G Jung over alleged demolition of jhuggis

from firstpost

Delhi CM Kejriwal writes to L-G Jung over alleged demolition of jhuggis

New Delhi: Chief Minister Arvind Kejriwal has written to Lt Governor Najeeb Jung over DDA's alleged demolition drive against jhuggis in Mehrauli area in south Delhi, and claimed the action was "i...

Ten central trade unions to go on strike tomorrow; Govt expects minimal impact

from firstpost

Ten central trade unions to go on strike tomorrow; Govt expects minimal impact

New Delhi: Essential services like banking and public transport may be impacted on Wednesdaywith ten central trade unions going ahead with their one-day nationwide strike, even as the government appea...