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.

Thailand looking to Japan for railways revamp

from firstpost

Thailand looking to Japan for railways revamp

BANGKOK (Reuters) - Thailand is talking to Japan with a view to building three rail routes in the Southeast Asian country, a Thai minister said on Saturday, the latest move by its military government ...


Russia calls new sanctions on Crimea "collective punishment"

from firstpost

Russia calls new sanctions on Crimea "collective punishment"

MOSCOW (Reuters) - The Russian Foreign Ministry said on Saturday new Western sanctions against Ukraine's Crimea region were a "collective punishment" on residents who voted last March to joi...

Pope names new prelate who runs Vatican during papal transitions

from firstpost

Pope names new prelate who runs Vatican during papal transitions

VATICAN CITY (Reuters) - Pope Francis on Saturday named French Cardinal Jean-Louis Tauran as the new camerlengo, or chamberlain, the cardinal who runs the Vatican after the death or resignation of a p...

Ebola death toll in three African countries hits 7,373 - WHO

from firstpost

Ebola death toll in three African countries hits 7,373 - WHO

GENEVA (Reuters) - The death toll from Ebola in the three worst-affected countries in West Africa has risen to 7,373 among 19,031 cases known to date there, the World Health Organization said on Satur...

U.S. sends four Guantanamo prisoners home to Afghanistan

from firstpost

U.S. sends four Guantanamo prisoners home to Afghanistan

WASHINGTON (Reuters) - Four Afghans held for over a decade at the U.S. military prison at Guantanamo Bay, Cuba, have been sent home to Afghanistan, the Pentagon said on Saturday, the latest step in a ...

Overall polling percentage in J&K as historic and unprecedented, says EC

from firstpost

Overall polling percentage in J&K as historic and unprecedented, says EC

New Delhi: Jammu and Kashmir registered its highest turn-out in assembly elections in the last 25 yearswith an estimated 65 percent of voters casting their votes, as the fifth and final phase of polli...

Lakhvi not released, govt reviewing petition against bail, says Sartaj Aziz

from firstpost

Lakhvi not released, govt reviewing petition against bail, says Sartaj Aziz

Islamabad: Pakistan on Saturday said that Zaki-ur-Rehman Lakhvi, a key planner of the 2008 Mumbai attack, has not been released from jail and a petition challenging the bail given to him is being firm...