TIMOTHY GEITHNER

  • Change coming to Obama's team, just not right away November 9, 2012

    Washington: Big changes are coming to President Barack Obama's administration just not right away. The White House is making the nation's highstakes fiscal crisis its top priority coming out of the election, underscoring the vital importance of averting severe yearend tax increases and spending cuts, not just for the economy...
  • India's reform measures very significant: US Treasury Secy October 9, 2012

    New Delhi: India's recent reform measures are "very significant" and will fuel private investment in the economy, US Treasury Secretary Timothy Geithner said during a visit to New Delhi on Tuesday. India has announced a series of measures, including raising the price of subsidised fuel and opening the retail sector to...
  • US fears about India tax law misplaced: Pranab April 22, 2012

    Washington: Finance Minister Pranab Mukherjee on Friday dismissed as unfounded concerns by US business groups that revised Indian tax laws might make foreign investors retroactively liable for taxes dating back decades. "There is some sense of despondency amongst a section of USA. Businessmen, particularly because of their apprehension and I...
  • US seeing high levels of poverty and inequality: Geithner January 27, 2012

    Davos: In a candid admission of the problems plaguing the world's largest economy, US Treasury Secretary Timothy Geithner said on Friday the country was seeing "very high levels of poverty and inequality". Geithner's comments at the World Economic Forum (WEF) annual meeting in Davos came on a day when the US...
  • China a 'formidable challenge to global trading' January 27, 2012

    Davos: China is keeping its currency below its fair value and it represents a "formidable challenge" to the global trading system, US Treasury Secretary Timothy Geithner said on Friday. Sharply criticising the Communist giant's stateled economic system, Geithner said, "China does represent a really unique and formidable challenge to the...
  • 'India remains hostile to entrepreneurship' January 13, 2012

    Lawrence Summers has served as US treasury secretary under Bill Clinton, a post currently held by his protegee Timothy Geithner. Presently, he teaches economics at Harvard University, where he was formerly the president. He comes from a family of economists. His parents are economists and he is a nephew of...
  • 'India a role model for balanced global growth' June 28, 2011

    Washington: India over the years has emerged as a role model for balanced economic growth for countries across the world, US Treasury Secretary Timothy Geithner said on Tuesday. "India in some ways is the model for how to produce broadbased economic growth, with a balanced growth in an equitable free...
  • India needs new reforms for growth: US June 28, 2011

    Washington: As inflation hits double digits here's a warning coming from US Treasury Secretary Timothy Geithner. Geithner says India has outgrown its financial system and needs reforms to be able to continue with fastpaced growth. Observing that India and the US are at the threshold of unlocking the great potential...
  • Pranab, Geithner discuss G20 agenda, economy November 8, 2010

    New Delhi: Finance Minister Pranab Mukherjee on Monday held talks here with US Treasury Secretary Timothy Geithner on a wide range of issues, including the agenda for the G20 Summit in Seoul later this week, to be attended by Prime Minister Manmohan Singh and President Barack Obama. The next steps forward...
  • Obama outsourcing 'tax': it's all Americas loss May 5, 2009

    Bangalore: US plans to scrap tax incentives that encourages American firms to ship jobs overseas are unlikely to dent business for Indian outsourcers, but the move is protectionist, company officials and lobby groups said. The proposal, if implemented, will hurt more USbased companies that have significant operations overseas, including in India,...
  • US pessimistic, fears India's growth to dip to 5.5 pc April 16, 2009

    Washington: The United States expects India's growth to slow to around 5.5 percent this year, but believes recently announced policy measures to stimulate the economy and ease credit conditions should help cushion the downturn. "After averaging 8.8 percent over the past four years, growth is slowing largely due to lower investment,...
  • US economy showing signs of recovery, says US Secy March 26, 2009

    New Delhi: With the Barack Obama administration working overtime to tackle the financial crisis, is the United States economy showing incipient signs of a turnaround? Wednesdays economic data bore evidence of that to some small measure. Newhome sales rose 4.7 pc to a 337,000 annual rate in February, much higher than expected....