n18
Menu
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.

Downloads | Featured Wallpaper


Baaghi

AAP MLA Somnath Bharti arrested for allegedly assaulting Aiims security guard

from firstpost

AAP MLA Somnath Bharti arrested for allegedly assaulting Aiims security guard

In fresh trouble for Aam Aadmi Party (AAP), MLA Somnath Bharti was on Thursday arrested by Delhi Police for allegedly assaulting a security guard of the All India Institute of Medical Sciences (Aiims)...


United Nations: A happy shouting ground for Pakistan, it was India's turn to holler back

from firstpost

United Nations: A happy shouting ground for Pakistan, it was India's turn to holler back

Pakistan loves the United Nations, especially its annual General Assembly in New York. This provides it with an international platform to project its positions, often born of paranoia. Pakistan Prime ...

India, US, Afghanistan reaffirm shared interest against terror

from firstpost

India, US, Afghanistan reaffirm shared interest against terror

New York: India, the US and Afghanistan have reaffirmed their shared interests in combating terrorism and advancing peace and security in the region as they explored ways to "coordinate and a...

Chemical agent possibly found on rocket fired by Islamic State at US troops in Iraq

from firstpost

Chemical agent possibly found on rocket fired by Islamic State at US troops in Iraq

Washington: A rocket fired by Islamic State jihadists at US forces in Iraq may have carried a chemical agent, a US defense official said Wednesday.No one was injured in Tuesday's blast near an airfiel...

Delhi stalker case: Stalking is a crime, but is anybody interested in enforcing the law?

from firstpost

Delhi stalker case: Stalking is a crime, but is anybody interested in enforcing the law?

Three years after the Indian Penal Code (IPC) was amended to designate stalking as a serious crime, stalkers continue to claim victims with impunity. Worse, incidences of stalking have phenomenally in...

Silent protest march by Marathas in Amravati on Thursday demanding reservation

from firstpost

Silent protest march by Marathas in Amravati on Thursday demanding reservation

Amravati (Maharashtra): Members of the Maratha community will take out a silent kranti morcha on Thursdaydemanding reservations in educational institutes and government jobs.The community, pre-dominan...

Uri attack was the worst in 26 years: Has India ignored the growing threat of Jaish-e-Mohammad?

from firstpost

Uri attack was the worst in 26 years: Has India ignored the growing threat of Jaish-e-Mohammad?

Soon after the deadly attack on Sunday at one of the Army bases in north Kashmirs Uri town, Indian intelligence agencies said that Jaish-e-Mohammad militants were behind the attack.All four killed wer...