Us Treasury

  • India's policy on foreign banks soon, says Raghuram Rajan 13-10-2013 09:21 PM

    The Reserve Bank of India (RBI) will soon come out with new rules for the entry of foreign banks that may even allow them to take over Indian banks, RBI Governor Raghuram Rajan has said. "That is going to be a big big opening because one could even contemplate taking...
  • India faces $41 billion exposure to US debt 07-08-2011 02:41 PM

    New Delhi: As one of the 15-largest foreign creditors to the US, India's exposure to the United States' ballooning debts is estimated at $41 billion, higher than the money America owes to countries like France and Australia. The overall national debt of the US is moving nearer to $15 trillion,...
  • US likely to lose top rating, economists say 28-07-2011 02:40 AM

    Washington: The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy. A small majority of economists, 30 out of 53 surveyed over the past two...
  • India needs new reforms for growth: US 28-06-2011 10:01 AM

    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 fast-paced growth. Observing that India and the US are at the threshold of unlocking the great...
  • US inflation hits 2.5 year high, seen peaking 14-05-2011 10:22 AM

    Washington: Gasoline and food prices hoisted US inflation to a 2.5 year high in April, but there was little sign of a broader pick-up in consumer prices that would trouble the Federal Reserve. The pace of food and fuel price rises slowed considerably from March, suggesting inflation pressures may be...