We came through the dark archway into the dazzling light, intense heat and spectacular view of the Taj Mahal. Spectacular is such an inadequate word, we should pen a new one. Twenty five people diverse in almost every way but united in our response to the sight. Many of us had spent the previous evening walking through the crowded alley like streets of old Delhi on our way to Karim’s a kebab restaurant in this primarily vegetarian country. We had not yet lost Josh, gotten on the wrong train, had our guide threatened by police, been felled one by one by the stomach warriors of India or fallen in love with the women and especially children of the villages, but we were already fascinated and ready to begin our tour of two countries with our fearless leaders Professor Kevin Kolben and Harsh Dutia. We thank them for sharing this country with us and leading us on this journey to which they dedicated their time and their hearts. - Professor Judy Iskovitz (2010 Course)

Monday, April 5, 2010

Geithner Has His Work Cut Out for Him in India

NEW DELHI, INDIA — Timothy F. Geithner, the U.S. Treasury secretary, lands in New Delhi on Tuesday for a two-day trip to inaugurate a new economic and financial partnership between the world’s largest and oldest democracies. It is a return of sorts for Mr. Geithner, who lived for five years in New Delhi as a child.

Mr. Geithner has his work cut out for him, economists and policy analysts in both India and the United States say. Hammering out economic agreements between the two countries has traditionally been an arduous task.

“On principle, they both agree on everything,” said Jahangir Aziz, chief India economist at J.P.Morgan in Mumbai. “It always comes down to the nitty-gritty and that’s where things get stuck. Part of the problem is neither of them wants to give the other side an inch.”

It took nearly 20 years for the United States to lift a ban on imports of Indian mangoes, for example, and a deal to allow energy-strapped India access to U.S. nuclear technology, agreed in principal four years ago, still has not cleared all the legal hurdles that would let American companies sign contracts to do business here. (French and Russian companies, by contrast, have signed contracts and are expected to begin work soon.)

Continue reading @ http://www.nytimes.com/2010/04/06/business/global/06geithner.html?pagewanted=1&ref=world
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1 comment:

  1. JustinApril 28, 2010 at 6:15 PM

    More international news involving the US and India. Those interested in geo-politics may enjoy the following article.

    "Three Points of View: The United States, Pakistan and India"

    http://www.stratfor.com/weekly/20100427_three_points_view_united_states_pakistan_and_india?utm_source=GWeekly&utm_medium=email&utm_campaign=100428&utm_content=readmore&elq=c9092278165045c797d71be100679260

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