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.

Europe won't recognise vote in eastern Ukraine, Merkel tells Putin

from firstpost

Europe won't recognise vote in eastern Ukraine, Merkel tells Putin

BERLIN (Reuters) - German Chancellor Angela Merkel told Russian President Vladimir Putin on the phone that Sunday's planned elections in eastern Ukraine were illegitimate and would not be recognised b...


Judge rejects strict limits on U.S. nurse who treated Ebola patients

from firstpost

Judge rejects strict limits on U.S. nurse who treated Ebola patients

FORT KENT Maine (Reuters) - Declaring Ebola fears in the United States "not entirely rational," a judge rejected Maine's bid for a quarantine on a nurse who treated victims of the disease in...

Test flight of Virgin Galactic spaceship ends in fatal crash in California

from firstpost

Test flight of Virgin Galactic spaceship ends in fatal crash in California

MOJAVE Calif. (Reuters) - A suborbital passenger spaceship being developed by Richard Bransons Virgin Galactic company crashed during a test flight on Friday near the Mojave Air and Space Port in Cali...

Protests force out Burkina president, soldiers vie for power

from firstpost

Protests force out Burkina president, soldiers vie for power

OUAGADOUGOU (Reuters) - Burkina Faso President Blaise Compaore resigned on Friday amid mass street protests at his attempts to extend his 27-year rule, plunging the West African nation into uncertaint...

U.S.'s Kerry, Iran minister to meet ahead of deadline for atom deal

from firstpost

U.S.'s Kerry, Iran minister to meet ahead of deadline for atom deal

WASHINGTON/NEW YORK (Reuters) - U.S. Secretary of State John Kerry will meet Iran's foreign minister and the European Union foreign policy chief in Oman on Nov. 9-10 to discuss the Iranian nuclear iss...

Kurdish peshmerga forces enter Syria's Kobani after further air strikes

from firstpost

Kurdish peshmerga forces enter Syria's Kobani after further air strikes

SURUC Turkey/BAGHDAD (Reuters) - A convoy of Iraqi Kurdish forces in Turkey rolled late on Friday across the border into Syria to help Syrian Kurds defend the besieged town of Kobani that has become t...

Judge eases limits on U.S. nurse who treated Ebola patients

from firstpost

Judge eases limits on U.S. nurse who treated Ebola patients

FORT KENT Maine (Reuters) - A Maine judge on Friday imposed limited restrictions on an American nurse who treated Ebola patients in Sierra Leone and rejected a bid by state officials for more stringen...