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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.

Niger buys "spy plane" to combat Sahel militants

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Niger buys "spy plane" to combat Sahel militants

NIAMEY (Reuters) - The government of Niger has purchased a reconnaissance plane as part of its effort to combat Islamist fighters and criminal gangs operating on its vast territory, the West African c...


Iraqi Kurds approve sending fighters to aid Syrian town

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Iraqi Kurds approve sending fighters to aid Syrian town

ARBIL Iraq/MURSITPINAR Turkey (Reuters) - Iraqi Kurdish lawmakers approved a plan on Wednesday to send fighters to the Syrian town of Kobani to relieve fellow Kurds under attack by Islamic State milit...

Kerry says no deal made with North Korea in release of American

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Kerry says no deal made with North Korea in release of American

BERLIN/SEOUL (Reuters) - U.S. Secretary of State John Kerry said on Wednesday there had been no deal with North Korea in the release of one of three detained Americans but that Washington was willing ...

Air strikes kill around 25 Islamic State fighters in Iraq - residents

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Air strikes kill around 25 Islamic State fighters in Iraq - residents

BAGHDAD (Reuters) - Coalition air strikes killed around 25 Islamic State fighters on Wednesday near the northern Iraqi city of Baiji, residents told Reuters.They said a series of bombings beginning in...

Indonesia president to make new cabinet picks after 8 rejected

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Indonesia president to make new cabinet picks after 8 rejected

JAKARTA (Reuters) - Indonesian President Joko Widodo, who won election on a vow of clean government, said on Wednesday he would have to find new people to fill some of his cabinet posts after the anti...

Air strikes kills around 25 Islamic State fighters in Iraq - residents

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Air strikes kills around 25 Islamic State fighters in Iraq - residents

BAGHDAD (Reuters) - Coalition air strikes killed around 25 Islamic State fighters on Wednesday near the northern Iraqi city of Baiji, residents told Reuters.They said a series of bombings beginning in...

Drugmakers to join forces to make millions of Ebola vaccine doses

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Drugmakers to join forces to make millions of Ebola vaccine doses

LONDON (Reuters) - Leading drugmakers plan to work together to accelerate development of an Ebola vaccine and produce millions of doses of the most effective experimental product for use next year.Joh...