In a set-back to Bangladesh, the World Bank has cancelled with immediate effect its $1.2-billion financial assistance to the Padma Bridge project, citing massive corruption in the programme.

Kolkata: The land losers at Singur will get subsistence allowance of Rs 2,000 every month and 2 kg rice every week from July 1 till the land dispute is settled, CM Mamata Banerjee told mediapersons

The Japanese government has extended a grant of Rs. 468 million (380 million Yen) to purchase tractors as a measure to boost the agriculture activities in eight provinces of Sri Lanka.

US secretary of state Hillary Clinton said on Friday the United States would provide $75 million to a private-public effort to improve the health of mothers and their babies in developing countries

The US government, through the United States Agency for International Development (USAID), announced an initial obligation of $9 million to support the Bangladesh Climate Cha-nge Resilience Fund.

The current drug discovery paradigm in the West is constrained in what it can do, primarily due to the funding model. Here we envisage a hypothetical non-governmental, non-profit organization called the Centre for Affordable Medicine. By sourcing innovation from a network of academic and corporate partners, and working primarily in India, it could lower the cost of innovation. Funding could be from a variety of players that expect a social, not financial, return.

Edward W Birgells Regional Director US Agency for International Development - USAID (Sindh) maintaining that healthcare was important for political purposes as well as for the welfare of the people

Australia will provide A$100.5 million dollars, equivalent to Tk 8.3 billion, as official development assistance to Bangladesh for the 2012-13 fiscal year.

Rajaie Batniji and Eran Bendavid dispute recent suggestions that health aid to developing countries leads to a displacement of government spending and instead argue that current evidence about aid displacement cannot be used to guide policy.

Brussels on Monday announced a further 20 million euros in aid to victims of Pakistan's 2011 monsoon floods, as well as people displaced by conflict, bringing funding this year to 55 million euros.

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