FINANCIAL ASSISTANCE FOR STUDENTS

Air India plane crash: Tata Group calls in Boeing, GE for technical support
The Tata Group is bringing in top experts from Boeing and GE Aerospace to Ahmedabad to support the government's ongoing investigation into the tragic crash of an Air India Boeing 787-8 Dreamliner—one of the most advanced passenger aircraft in operation.

Andhra government launches 'Talliki Vandanam' scheme, Rs 15,000 to be given for school-going child
Andhra Pradesh's NDA government has initiated the 'Talliki Vandanam' scheme, promising ₹15,000 annually to mothers for each school-going child. This initiative, part of Chief Minister Naidu's 'Super Six' promises, aims to empower mothers and improve educational access for over 67 lakh students.

Trump administration’s student loan plan blocked by court, keeping treasury transfer on hold
The Trump administration's attempt to transfer the $1.6 trillion federal student loan portfolio's management to the Treasury Department was blocked by a federal court order. This move, impacting over 42 million borrowers, raised concerns about repayment systems and borrower protections.

Andhra to transfer ₹15,000 each to mothers of students under ₹8,745 crore 'Talliki Vandanam' rollout
Andhra Pradesh government is set to disburse Rs 8,745 crore under the 'Talliki Vandanam' scheme, fulfilling a promise of Rs 15,000 annually for each school-going child. Chief Minister N Chandrababu Naidu approved the scheme's extension, coinciding with the TDP-led government's first anniversary.

Liar Liar, Bots on Fire: AI confabulation caught red- handed, should organizations be worried?
The rise of Artificial Intelligence tools across different industries is undeniable. However, there are moments when these systems misinterpret information, leading to the spread of inaccuracies. For instance, there have been reports of fake legal citations being produced and AI-driven customer service agents providing confusing answers. A case in point is Air Canada's chatbot, which mistakenly shared incorrect policy details.

'If RCB's celebration was postponed by 2 or 3 days...": Opposition Leader R Ashok visits deceased Bhumik's house, assures justice
Karnataka Opposition Leader R. Ashok visited the family of Bhumik, an engineering student who died in a stampede during RCB's victory celebration, assuring them of justice. Ashok criticized the government's handling of the incident, suggesting a delay in celebrations could have prevented the tragedy.
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How to get a student visa for Australia?
To study in Australia, start with a Letter of Offer, followed by a Confirmation of Enrolment (CoE). You’ll need proof of English proficiency, financial capacity, health insurance (OSHC), and may undergo health and character checks. Meet the Genuine Student criteria and apply via ImmiAccount. Regularly check official websites for travel and visa updates before departure.
Andhra Pradesh plans cash reward for having more children, says CM Chandrababu Naidu
Andhra Pradesh is set to introduce financial incentives for larger families. Chief Minister N Chandrababu Naidu aims to address declining fertility rates. The state is shifting from its two-child policy. The government will provide increased financial support to bigger families. This initiative is part of a broader human capital investment plan. Previous restrictions on maternity leave have been removed.
Columbia Crisis: Trump's crackdown sends chill through Indian students
The Trump administration has questioned Columbia University's accreditation. This action creates uncertainty for international students, particularly Indians. Visa prospects and financial aid may be affected. Degree recognition could also suffer. Experts advise students not to panic. Universities are offering support. Legal challenges are anticipated. The situation remains fluid, requiring close monitoring by students and institutions.
PM Vidyalaxmi Scheme: PNB cuts education loan rates by 20 bps; check new interest rates, other details
Punjab National Bank has reduced education loan interest rates by 20 bps under the PM Vidyalaxmi scheme, enhancing accessibility to higher education. The initiative supports students admitted to 860 Quality Higher Education Institutions, offering need-based financing with interest subventions based on family income. Interest rates start at 7.50% per annum, with specific subvention benefits for technical and other courses.
PoK Karakoram highway protests: Thousands block Pakistan-China road for 3 days to protest against Shehbaz Sharif govt’s policies
For three days, Gilgit-Baltistan residents have blocked the Karakoram Highway, a crucial CPEC route, protesting the Pakistani government's trade policies. The demonstrators are demanding customs clearance for stalled Chinese consignments at Sost Dry Port, citing significant financial losses and economic neglect. This action highlights growing discontent in the region over trade restrictions and perceived political exclusion from Islamabad.
Delhi Government plans six new Khelo India centres
The Delhi government plans to establish six Khelo India Centres to nurture young athletes in sports like athletics, football, and kabaddi, awaiting SAI approval. These centres will offer professional training and resources under the national Khelo India scheme. Additionally, a "Sundays on Cycle" event was organized in Delhi to promote fitness, reflecting the growing enthusiasm for health initiatives.
Delhi govt proposes 5-fold increase in financial assistance to students pursuing handloom training
The Delhi government plans to significantly increase financial aid for students at the Indian Institute of Handloom Technology, Jodhpur. The state stipend may rise from Rs 400 to Rs 2,000 per month. The educational book and tour allowance could increase from Rs 1,000 to Rs 5,000 per year. These changes are likely to take effect from the 2025-26 academic session.
US crushes study abroad dreams. This Asian superpower rushes to pick up the pieces
In May 2025, the Trump administration revoked Harvard University's ability to enroll international students, citing irregularities in its admissions process. This unprecedented move, part of a broader crackdown on foreign students and non-compliant institutions, has left over 6,800 international students in limbo, facing visa uncertainty and potential deportation.
Rules planned to curb mis-selling of products by banks and NBFCs
Reserve Bank of India will soon release norms to stop mis-selling. This will protect consumers from misleading sales tactics. In FY25, the RBI received many complaints about loans and digital banking. The RBI is also creating a system to check how well banks protect customers. They are working to educate people and improve complaint handling with AI.
Republicans proposing nearly $1 trillion in cuts to Medicaid and food stamps. Will you be impacted?
House Republicans are proposing significant cuts to Medicaid and SNAP, totaling nearly $1 trillion, to advance President Trump's policy goals. These cuts could lead to millions of Americans losing access to critical benefits, shifting costs to states and potentially impacting hospitals and local economies. The proposed changes include stricter work requirements and reduced federal funding.
Big Tata Digital exit; Honasa’s Q4 net profit dips
Top-deck churn continues at Tata Digital as Naveen Tahilyani is leaving after just one year. This and more in today’s ETtech Top 5.
New Zealand Finance Minister Nicola Willis' budget 2025 full speech: Trump's tariffs, slow growth, economic challenges
New Zealand Budget 2025: Without naming US President Donald Trump, the Finance Minister of New Zealand, Nicola Willis, mentioned that the country is battling external economic turbulence as well as internal challenges. Expressing confidence of faster growth and better results, Willis announced a slew of measures. These includes tax cuts, higher spendings on health, education and defence.
The Post-Brexit edge: Why Ireland is fast becoming a preferred study destination for international students
Ireland has emerged as a popular destination for international students, especially after Brexit, due to its high-quality education, safe environment, and post-study work opportunities. The country hosts numerous global companies and offers affordable tuition and living costs compared to other English-speaking nations. Indian student enrollment has surged, drawn by fields like data analytics and scholarships.
Central and South Asia: Steps to restore forgotten ties
The Termez Dialogue fosters connectivity between Central and South Asia, focusing on peace, friendship, and prosperity. It highlights historical ties, trade routes, and cultural exchanges, addressing challenges to regional stability. The platform aims to strengthen cooperation in education, science, technology, and security, promoting sustainable development and regional integration.
Indian students abroad can now get insurance cover for visa cancellations and job loss
Indian insurance companies are now offering specialized travel policies for students abroad, addressing visa issues, job loss, and emergencies. These affordable policies provide comprehensive coverage, including accommodation and return travel, catering to the unique needs of Indian students in countries like the US, UK, and Canada. While some prefer university-recommended insurance for easier claims, a hybrid approach is gaining traction.
Klarna retreats from AI-only customer service push, resumes hiring amid quality concerns: Report
Klarna is scaling back its AI-led customer service model after admitting it reduced service quality. The fintech firm is rehiring support staff and trialling an on-demand human support model. While recommitting to human interaction, Klarna continues integrating AI across operations and maintains its partnership with OpenAI for tech innovation.
International students face challenges rebuilding their lives after US reversal in visa crackdown
Following the government's reversal of its international student crackdown, many students face significant hurdles in rebuilding their lives. Some who left the US struggle to return due to visa revocations, while others grapple with re-enrolment and job reinstatement challenges. Mental health issues and feelings of vulnerability persist, exacerbated by expanded grounds for status termination, leaving students fearing future targeting.
Kerala LSS, USS scholarship results 2025 announced at bpekerala.in: Check latest update, site link, cut-offs, how to download scorecard
Kerala LSS, USS scholarship results 2025: Kerala Pareeksha Bhavan announced the 2025 LSS and USS exam results on May 14, accessible via bpekerala.in, though some students face download issues. These scholarships support Class 4 and 7 students, requiring a minimum of 48 and 63 marks, respectively. Qualified candidates must submit documents by June 15, with re-evaluation options available until May 31.
EU offers $567 million incentives to attract US researchers amid Trump's policies
Emmanuel Macron and Ursula von der Leyen are challenging Donald Trump's science policies, aiming to attract US researchers to Europe with a €500 million incentives package. They criticized the questioning of science's role and highlighted threats to US research programs, including funding cuts and potential deportation fears for foreign students.
ISC topper removes surname for 'humanity': Who is Srijani?
Srijani, an ISC exam topper, champions equality by dropping her last name and embracing humanity as her sole belief. Supported by her school and parents who oppose social hierarchies, she advocates for a society free from discrimination and sectarianism. Inspired by her values, she joined a protest against violence against women and now aims to study science at IISc Bengaluru.
Can Australia’s 2025 election solve these major issues faced by the country?
Australia is gearing up for the 2025 federal elections. Housing affordability is a key concern for voters. Cost of living pressures are also a major issue. Healthcare and foreign policy are other important considerations. Both Labor and the Liberal Party are vying for power. They are proposing different solutions to address these challenges.
Trump to take away Harvard's tax exempt status
Donald Trump announced his administration would revoke Harvard University's tax-exempt status. This followed tensions over diversity policies and campus activism. The administration had previously frozen federal grants to Harvard. Harvard argued this move would harm its educational mission. Legal experts expressed concern about academic freedom. This decision could set a precedent for other institutions. The university may face challenges.
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