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India: agencies predict 30% drop in students going to Aus due to bank back up

January 20, 2017 subhadip

Implementation of the new policy and introducing new ₹500 and ₹2,000 bank notes into circulation has put a strain on banks resulting in delays in processing education bank loans for overseas study. The backlog on granting loans affects students who are planning to enrol in an Australian university next month, according to AAERI. According to the association, up to three quarters of students choosing to study in Australia take out education loans to pay for the first semester’s tuition fees. “This has slowed down the process for bank loan sanctioning” In each intake, there…

House Republicans drop rule change gutting ethics watchdog

January 3, 2017 subhadip

House Republicans were forced into a humiliating climbdown on Tuesday after Donald Trump tweeted criticism of their move to gut an independent congressional ethics watchdog. Members ditched their plan to severely weaken the independent Office of Congressional Ethics (OCE) at an emergency meeting just before the start of a new legislative session on Capitol Hill in Washington. The original rule change, carried out without warning and behind closed doors, had provoked a fierce backlash from Democrats and transparency activists when first announced on Monday night. But it was flexing of…