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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.

Australia issues arrest warrants over Syria severed head photos

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Australia issues arrest warrants over Syria severed head photos

SYDNEY (Reuters) - Australia has issued arrest warrants for a pair of Australian citizens believed to be fighting in Syria, the Australian Broadcasting Corporation (ABC) reported on Tuesday, after ima...


EU agrees first broad sanctions on Russia; U.S. expected to follow

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EU agrees first broad sanctions on Russia; U.S. expected to follow

BRUSSELS/DONETSK Ukraine (Reuters) - The European Union agreed for the first time on Tuesday to impose broad sanctions against Russian oil companies, banks and defence firms, by far the strongest inte...

Israel intensifies Gaza assault, Egyptians revise truce plan

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Israel intensifies Gaza assault, Egyptians revise truce plan

GAZA/JERUSALEM (Reuters) - Israel knocked out Gaza's only power plant and pounded dozens of other high-profile targets on Tuesday, while Egyptian mediators prepared a revised proposal for halting its ...

EU agrees first broad sanctions on Russia; Ukraine fighting kills dozens

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EU agrees first broad sanctions on Russia; Ukraine fighting kills dozens

BRUSSELS/DONETSK Ukraine (Reuters) - The European Union agreed for the first time on Tuesday to impose broad sanctions against Russian oil companies, banks and defence firms, by far the strongest inte...

Chinese police shoot dead dozens after attack in Xinjiang

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Chinese police shoot dead dozens after attack in Xinjiang

BEIJING (Reuters) - Chinese police shot dead dozens of knife-wielding attackers on Monday morning after they staged assaults on two towns in the western region of Xinjiang, the official Xinhua news a...

Dozens killed in fierce fighting in eastern Ukraine

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Dozens killed in fierce fighting in eastern Ukraine

DONETSK Ukraine (Reuters) - Intense fighting between Ukrainian troops and pro-Russian rebels in eastern Ukraine killed dozens of civilians, soldiers and rebels, as Kiev pressed on with an offensive on...

U.S. says Russia violated nuclear treaty, urges immediate talks

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U.S. says Russia violated nuclear treaty, urges immediate talks

WASHINGTON (Reuters) - In another sign of deteriorating relations between the United States and Russia, the U.S. government said on Monday that Moscow had violated the Intermediate Range Nuclear Force...