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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.

Mayawati says BSP against interfering in religious beliefs, distances herself from Maurya's statement

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Mayawati says BSP against interfering in religious beliefs, distances herself from Maurya's statement

Lucknow:BSP chief Mayawati on Monday distanced herself and the party from a controversial statement given by leader of opposition Swami Prasad Maurya in which he has asked people not to offer prayers ...


Sierra Leone's three-day nationwide shutdown over Ebola, ends

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Sierra Leone's three-day nationwide shutdown over Ebola, ends

Freetown: Millions of Sierra Leoneans emerged from their homes on Monday after a controversial nationwide lockdown during which scores of dead bodies and new cases of Ebola infections were uncovered.T...

Former PM of Bangladesh Khaleda Zia goes on trial on charges of graft

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Former PM of Bangladesh Khaleda Zia goes on trial on charges of graft

Dhaka:A Dhaka court on Monday started the trial of former Prime Minister and Bangladesh Nationalist Party (BNP) chairperson Khaleda Zia on corruption charges in her absence.Zia has been charged with e...

Airstrikes alone will not defeat Islamic State: Former British PM Tony Blair

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Airstrikes alone will not defeat Islamic State: Former British PM Tony Blair

London: Former British Prime Minister Tony Blair said airstrikes alone will not be enough to defeat Islamic State group militants.Blair said in an essay on his Faith Foundation website that Western po...

Govt allows stranded PoK residents to take another route back home

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Govt allows stranded PoK residents to take another route back home

Srinagar: Residents of Pakistan-occupied Kashmir (PoK), who were stranded in flood-hit Kashmir, have been allowed by the Centre to return to their homes via Poonch-Rawalakote route in Jammu region.&qu...

Islamic State urges followers to attack American, French citizens

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Islamic State urges followers to attack American, French citizens

Baghdad: Islamic State has urged its followers to attack citizens of the United States, France and other allies who have joined a coalition to fight the militant group, the SITE monitoring website sai...

Kashmir floods: 70 Army installations hit, LoC posts relocated

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Kashmir floods: 70 Army installations hit, LoC posts relocated

Srinagar: Almost 70 Army installations, including camps, bunkers and posts, have been hit by the devastating floods in Kashmir Valley but security forces have swiftly relocated the damaged and washed ...