Americans need not visit India for cheap healthcare: Obama

"My preference would be that you don't have to travel to Mexico or India to get cheap healthcare. I'd like you to be able to get it right here in the US that's high quality," president Barack Obama said

Washington: With spiralling healthcare cost a cause of concern in America, US president Barack Obama today pushed for an affordable healthcare arguing that he would not like his countrymen to travel to countries like India and Mexico for cheaper treatment, reports PTI.

"My preference would be that you don't have to travel to Mexico or India to get cheap healthcare. I'd like you to be able to get it right here in the United States of America that's high quality," Mr Obama said amidst applause at a community college in Virginia.

Mr Obama was responding to a question from the audience on increasing healthcare cost in the US.

"Before we go on the path of you can go somewhere else to get your healthcare, let's work to see if we can reduce the costs of healthcare here in the United States of America. That's going to make a big difference," he said.

"And Medicare is a good place to start because Medicare is such a big purchaser that if we can start changing how the healthcare system works inside of Medicare, then the entire system changes. All the doctors, all the hospitals, they will all adapt to these best practices," Mr Obama said.

"One of the things that we want to do as part of our healthcare reform package is let's start doing a better job of negotiating better prices for prescription drugs here in the United States so that you don't feel like you're getting cheated because you're paying 30% more or 20% more than prescription drugs in Canada or Mexico," he said.

Re-importation, he said, is a short-term solution that a lot of seniors are resorting to.

"But why should drugs that are invented here in the United States end up being more expensive than another country?" he asked.

"Well, the reason is, is because drug companies can get away with it here and they can't get away with it there, and we should change some of those systems to make it cheaper for everybody here. But that's going to make a huge difference in terms of reducing our deficit," he noted.

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ED seeks MHA help to probe Hassan Ali’s links with terrorists

While taking note of accusations of Mr Khan's links with Mr Khashoggi and those involved in terror activities, the Supreme Court had last month asked the probe agencies to also consider the option of booking him under anti-terror law

New Delhi: Stepping up its probe into the dealings of suspected money launderer Hassan Ali Khan, the Enforcement Directorate (ED) has approached the ministry of home affairs (MHA) to find out if he has any links with terror outfits, reports PTI.

In a letter to the home ministry, the ED has conveyed that it was absolutely necessary to look into various aspects of the 53-year-old Pune-based stud farm owner's dealings and whether he was having any links with any terrorist outfit-both within the country as well as abroad.

The ED also cited Mr Khan's alleged links with international arms dealer Adnan Khashoggi and the fact that he was having multiple passports, which were acquired through various illegal means.

"We have received a letter from the ED requesting us to probe if Hassan Ali has any links with any terror outfit," a senior home ministry official said today.

The ED comes under the Union finance ministry.

The ED accused Mr Khan of dealing in, acquiring and holding foreign exchange equivalent to Rs36,000 crore.

On his Khashoggi links, it said, "This requires intensive probe as it has a bearing on national security as well."

While taking note of accusations of Mr Khan's links with Mr Khashoggi and those involved in terror activities, the Supreme Court had last month asked the probe agencies to also consider the option of booking him under anti-terror law.

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PFC’s net rises marginally to Rs606.74 crore in Q4

For the year ended March 2011, the company's net profit increased to Rs2,618.79 crore from Rs2,357.24 crore in the 12-month period last fiscal, a growth of 11.10%

Mumbai: State-run Power Finance Corporation (PFC) on Tuesday said its net profit grew marginally to Rs 606.74 crore in the fourth quarter ended 31 March 2011, up 1% from Rs600.77 crore in the corresponding period of the previous fiscal, PFC said in a filing to the Bombay Stock Exchange, reports PTI.

Total income increased by 24.47% to Rs2,623.41 crore in the quarter under review from Rs2,107.61 crore in the same Jan-March period last year.

For the year ended March 2011, the company's net profit increased to Rs2,618.79 crore from Rs2,357.24 crore in the 12-month period last fiscal, a growth of 11.10%.

Total income rose to Rs10,160.55 crore in the year under review from Rs 8,076.84 crore a year ago.

PFC, set up in July 1986 as a financial institution (FI), provides dedicated financing to power sector with a committed aim for the integrated development of the power and associated sectors.

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