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New Delhi: Ministry of Human Resource Development has finalized the modalities for implementation of a new Central Scheme to provide full interest subsidy during the period of moratorium on educational loans for students belonging to economically weaker sections (with parental family income from all sources of less than Rs.4.5 lakh annually) from scheduled banks under the Educational Loan Scheme of the Indian Banks' Association (IBA) for pursuing courses of studies in professional/technical streams from recognized institutions in India.

New Delhi: The Union Ministry of Health and Family Welfare has asked the state authorities to keep a strict vigil on use of carbide gas for ripening of fruits. Use of carbide gas for ripening of fruits is prohibited under Rule 44 AA of Prevention of Food Adulteration Rules 1955.

Is improved Indo-Pak relations key to the American strategy in Afghanistan? Are India and Pakistan being nudged to remain engaged by the Obama Administration? A Wall Street Journal story some time ago claimed that the Obama administration had issued a secret directive to make efforts for easing tensions between India and Pakistan which, in turn may help the US gain Pak support in Afghanistan. Indications are that both New Delhi and Islamabad are moving in that direction.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) is extending fresh funds for an ongoing program to help Pakistan's Sindh Province boost growth and expand economic opportunities in poor, rural areas.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) is providing a $150 million equivalent loan for an ongoing program aimed at cutting infant and maternal deaths and improving the delivery of health services for the poor in Pakistan's Punjab Province.

MANILA, PHILIPPINES - The People's Republic of China (PRC) needs 413.5 billion yuan (CNY) (or roughly $60.5 billion) in investments over the next 10 years to harness its biomass energy potential in rural areas, an Asian Development Bank (ADB) report issued today said.

Tunis - The Board of Directors of the African Development Bank (AfDB) Group has approved on 23 June 2010, in Tunis, an equity investment of USD 50 million in the 8 Miles Fund which aims to invest equity and quasi equity in Greenfield and Brownfield projects in Africa.

Tunis - The Board of Directors of the African Development Bank (AfDB) on Wednesday, 23 June 2010 in Tunis approved a USD 100-million line of credit to Nigeria's Guaranty Trust Bank (GTB) for project funding in various sectors of the Nigerian economy.

MANILA, PHILIPPINES - A reform in the global reserve system is critical to avoid a repeat of the recent global economic crisis and Asia's fast recovering countries need to cooperate to ensure a smooth transition to a multi-currency alternative, says a new report from the Asian Development Bank (ADB) and Columbia University's Earth Institute.

The Executive Board of the International Monetary Fund (IMF) today approved the fourth review of Liberia's economic performance under its Extended Credit Facility (ECF) (formerly Poverty Reduction and Growth Facility) arrangement. The approval enables Liberia to draw an amount equivalent to SDR 4.44 million (US$6.55 million) immediately, bringing total disbursements under the arrangement to an amount equivalent to SDR 230.14 million (US$339.25 million). The SDR 239.02 million (about US$352 million) ECF arrangement for Liberia was approved by the Executive Board on March 14, 2008.