Rs 26K cr bonanza to 9 lakh families; FM gives sops on education loans

Rs 26K cr bonanza to 9 lakh families; FM gives sops on education loans

New Delhi: In a big relief to 9 lakh families ahead of elections, the government on Monday said it will waive interest component of education loan taken before March, 2009, a decision that will cost the exchequer Rs 2,600 crore. “Since interest concession is being given to borrowers (who have availed of loans) after April 1, 2009, what we are saying is if there is any outstanding interest on the loan you took as on December 31, 2013, I am willing to take over interest burden,” Finance Minister P Chidambaram…

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Budget 2015: Common man’s expectations from FM Jaitley

Budget 2015: Common man’s expectations from FM Jaitley

With just few weeks remaining for the Finance Minister to present the Union Budget for 2015, the common man has started building up expectations from the Narendra Modi-led NDA government at the Centre. The euphoria that had gripped the entire nation during the 2014 Lok Sabha election in the form of ‘Modi wave’ is still very much alive in people’s mind and now it is time for the BJP dispensation at the Centre to deliver what it promised in the run up to the Lok Sabha polls. Considering the Modi…

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