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Full interest subsidy on edu loans for poor students: Govt

New Delhi: In a significant move, government today decided to provide full interest subsidy on education loans taken by poor students to pursue technical and professional courses and fixed their parental income limit at Rs 4.5 lakh per annum to avail the benefit. A meeting of the Cabinet Committee on Economic Affairs, chaired by Prime Minister Manmohan Singh, gave its nod to the scheme to enable students from economically weaker sections to continue any approved course in recognised....

7 new IIMs on the anvil

New Delhi: The country will soon have seven new IIMs, of which four will start functioning from next year with the Union Cabinet today approving a HRD ministry proposal to set up these management institutes. The new Indian Institutes of Management (IIMs) will be set up in Tami Nadu, Jharkhand, Chhattisgarh, Haryana, Jammu and Kashmir, Uttarakhand and Rajasthan. Aimed at generating a highly competent and trained manpower, the institutes are also expected to act as a major catalyst for developing....