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US House approves $1.1 trillion spending bill

Facing intense pressure to avoid a government shutdown, the US House of Representatives passes a $1.1 trillion federal spending bill , sending it to the Senate barely two hours before a midnight deadline. Duration: 00:19 Dec 12, 2014
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Memory Lapses linked to Stroke Risk

People with higher vocational education or university training had greater risk of suffering from stroke than less educated people or those without any memory problems. Dec 12, 2014
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Current account deficit comfortable despite widening: Raghuram Rajan

Kolkata, Dec 12 (ANI): Governor of Reserve Bank of India, Raghuram Rajan said that the RBI was comfortable with the current account deficit (CAD) even after it widened in the July-September quarter. Rajan while speaking at a news conference after the central bank's board meeting in Kolkata city, said risks remain to the current account deficit even though he was not apprehensive about it. Rajan said that gold imports had increased in the country which may have resulted in the increase in the CAD. Global oil prices have fallen to a five-year low on Wednesday. Brent crude oil fell to $63.56 a barrel, the lowest since July 2009, on signs of oversupply and waning demand. Indias largest imports are crude oil and gold. Turning to the economy, Rajan said an interest rate cut won't by itself lead to higher economic growth, although he noted it would have an impact. Turning to limits on foreign investments in government bonds, Rajan said it would look at raising the limit at an appropriate time, and would look at expanding it steadily. Dec 12, 2014
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PM Modi wishes Sonia Gandhi on her 68th birthday

New Delhi, Dec 09 (ANI): Prime Minister Narendra Modi on Tuesday wished Congress President Sonia Gandhi a long and healthy life on her 68th birthday. "Best wishes to Congress President Smt. Sonia Gandhi on her birthday. May almighty bless her with a long and healthy life," tweeted PM Modi. Meanwhile, the latter has decided not to have any celebration in view of the recent tragic Naxal attack in Chhattisgarh and militant attack in Jammu and Kashmir, and in solidarity with the martyred army and police personnel. Sonia has also asked the Congress persons to follow her instruction. Jammu and Kashmir, which is in the midst of its five-phase state assembly elections, faced four terror attacks last week, which were aimed at undermining the democratic process. Earlier on December 1, the Maoists killed 14 Central Reserve Police Force (CRPF) personnel in Sukma district of Chhattisgarh. Dec 9, 2014
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