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AIDS rise may force India to spend more - World Bank

India will have to scale up prevention of HIV to avoid having to spend an increasing share of its health budget on treatment of AIDS patients, the World Bank and other agencies said on Sunday. New Delhi spends about 5 percent of its $5.4 billion healthcare budget on treating AIDS patients.
India with 2.5 million patients is [...]

Deficits higher than Obama forecast: CBO

Republicans seized on the estimate to fault Obama, saying his plans would raise U.S. government debt to an “alarming” 90 percent of the economy. Obama pledged when he unveiled his budget for fiscal 2011 in early February to cut the annual deficit in half by the end of his first term. However, he has faced criticism from [...]

India has vital role to play in all major challenges: Blake

In his remarks at the Johns Hopkins University’s Model UN Conference, Blake noted that India and the US have followed different path at the United Nations in the past; but now the two countries are having a convergence of interest. ”Given India’s history as a leading non-aligned movement nation, we have sometimes [...]

A Big Problem for Indian with PayPal

The problems between the PayPal and Indians who have tied up with PayPal to receive their American dollars directly into their Indian Bank accounts are stuck – they are in suspended animation. Apparently, PayPal have not obtained the necessary authority of the Reserve Bank of India and unless they do that, Indian freelancers are left [...]

Explosion at Russian oil refinery, 1 killed

An explosion hit Russia’s Angarsk Oil Refinery owned by state oil company Rosneft in eastern Siberia Sunday, killing one person, authorities said. The roof measuring 120 sq metres collapsed at the plant. There is reportedly no threat of any more explosions or harmful emissions.
The company is one of Russia’s largest refineries processing west Siberian oil [...]