Uniform policy for education loans in Kerala

Bank representatives agreed to come out with a uniform policy on disbursing education loans to students in Kerala

Thiruvananthapuram: Kerala Chief Minister Oommen Chandy has come down heavily on the banks for adopting tough policies with regard to education loans, reports PTI.

Speaking at the state-level bankers' committee meeting here on Wednesday, Chandy said the government would not accept the high interest rates charged by the banks on education loans in the state.

He urged all banks to take a practical approach while dealing with education loans since it was a very serious issue. The bank representatives later agreed to come out with a uniform policy on disbursing education loans to students.

The meeting also accepted the request from the government that the loans should be given to students who are seeking admission in the management quota as well.

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Farmers demand action man who 'cheated' them of Rs150 crore

The fraudster collected money from the farmers and gave them predated cheques and a covering letter to the banks on Rs20 bond paper with promises to double their money in 45 days

Salem: Over 240 farmers in the district have submitted petitions to police, demanding action against a man who reportedly cheated them of Rs150 crore by promising to double their money in 45 days, reports PTI.

The farmers in their complaint said he had collected some money from them and given them predated cheques with the amount and a covering letter to the banks on Rs20 bond paper and a statement of accounts. However when they approached the bank they found there was no money in the accounts.

Police said they are investigating the veracity of the complaints and could take action only if they received solid evidence.

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Uttarakhand to give Rs1.87 relief in petrol hike

Following the cabinet decision, consumers from Uttarakhand would get a relief of Rs1.87 per litre on petrol prices

Dehra Dun: After a steep hike in petrol prices announced by the centre, the Uttarakhand government has decided to waive off VAT on the increased amount, providing a a relief of Rs1.87 per litre to the people of the state, reports PTI.

A decision to this effect was taken at the state cabinet presided over by chief minister Vijay Bahuguna here last night, official sources said here on Thursday.

Following the cabinet decision, the consumers of the hill state would get a relief of Rs1.87 per litre on the prices of petrol, they said.

After the hike in the prices last night, petrol is currently being sold in Uttarakhand at the rate of Rs75.24 per litre.

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