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.

Sri Lankan man sets himself on fire to protest UN action against island country

from firstpost

Sri Lankan man sets himself on fire to protest UN action against island country

Colombo: A 73-year-old man has died after he set himself on fire here to protest the international action against Sri Lanka over its alleged human rights violation, police said on Wednesday.The man se...


West Bengal: Naked body of girl found on railway tracks

from firstpost

West Bengal: Naked body of girl found on railway tracks

Jalpaiguri: The naked body of a girl, who tried to save her father from being beaten by locals for failing to pay for a rented tractor at a village meeting, has been found lying on railway tracks at D...

Chandrababu Naidu charts grandiose plans to realise his vision for Andhra Pradesh

from firstpost

Chandrababu Naidu charts grandiose plans to realise his vision for Andhra Pradesh

Hyderabad: The Chandrababu Naidu government has drawn up ambitious plans to transform Andhra Pradesh into a "bustling" state and place it among the top three states in the country by 2022.De...

Indian-born scientist wins esteemed US award in chemistry

from firstpost

Indian-born scientist wins esteemed US award in chemistry

Washington: Indian-born scientist Dr Thomas John Colacot has won the American Chemical Society's ACS Award in Industrial Chemistry, one of the top honours in the field.Colacot, who studied at St Berch...

Pakistan military: 910 militants killed in the country since June

from firstpost

Pakistan military: 910 militants killed in the country since June

Islamabad: Pakistan's military says it has killed 910 suspected militants and lost 82 soldiers in a major offensive launched in June in a restive tribal region near Afghanistan.The military statement ...

Pakistan: US rules out any mediation to resolve political crisis

from firstpost

Pakistan: US rules out any mediation to resolve political crisis

Washington: Amid the escalating political crisis in Pakistan, the US has ruled out any mediation in that country and asked all stakeholders to work together to resolve their differences through peacef...

US: Shooting at Kansas City homes kills three, critically injures two

from firstpost

US: Shooting at Kansas City homes kills three, critically injures two

Kansas City: Three people were killed and two others critically wounded in a shooting in a residential neighborhood in south Kansas City on Tuesday afternoon, and police located a missing SUV hours la...