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Geithner, Bernanke coming on two-day visit on October 9

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 5:33 AM IST

 

Geithner will be accompanied by Federal Reserve chairman Ben Bernanke besides others on two-day visit beginning October 9. They are scheduled to have several high level meetings in the capital and Mumbai.

The US officials would be meeting Finance Minister P Chidambaram on Tuesday in New Delhi and RBI Governor D Subbarao on Wednesday in Mumbai. The delegation is also likely to call on Prime Minister Manmohan Singh, sources said.

The visit comes at a time when India has opened its lucrative multi-brand retail segment for foreign investments, a move welcomed by the American industry.

Earlier in the week, the government announced other big-ticket reforms initiatives which include the decision to allow FDI in pension sector and hiking foreign investment cap in insurance to 49 per cent from 26 per cent. These two Cabinet decisions, however, will need Parliament approval.

 

  

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First Published: Oct 05 2012 | 6:35 PM IST

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