US seeing high levels of poverty: Geithner

In a candid admission of the problems plaguing the world's largest economy, US Treasury Secretary Timothy Geithner today said the country is seeing "very high levels of poverty and inequality".

Speaking to NDTV's Prashant Nair at the World Economic Forum in Davos, Rajan said that India needs to resolve many issues like power shortage, land acquisition and education in order to get back growth.

Leaders also voiced optimism over the latest efforts to establish a framework for fiscal discipline to save euro.

Thanks to social media, debates in prestigious congregations like WEF are being extended to global audience.

Speaking to NDTV's Ira Duggal at the World Economic Forum in Davos, Lars H Thunell, EVP and CEO at International Finance Corporation, said that IFC is planning to invest one one billion dollars in India.

He said that savings are moving into unproductive assets like gold and it is hurting the Indian economy. He spoke to NDTV Profit on the sideline of the World Economic Forum in Davos.

Bill Gates pledged $750 million on Thursday to fight three killer diseases and rescue a beleaguered health fund whose financial losses have cost it donor support. The Microsoft founder said he is lending his "credibility" to the Geneva-based Global Fund to Fight AIDS, Tuberculosis and Malaria by making the donation through a promissory note so the fund "can immediatel...

"I mean, we paid ridiculous amounts of money and in my opinion, the 3G bidding has taken the lights out of the industry. So the amortisation of the money that we paid for 20 years and the interest is bothering the industry," he noted.

Describing Pakistani Parliament as the "new kid on the block", Foreign Minister Hina Rabbani Khar today said a "little bit of elbowing" was taking place in Pakistan but things would "very soon fall in place".

S D Shibulal, managing director and chief executive officer, Infosys lived for 17 years in US. He believes that the US is a very pragmatic society. When asked about the outsourcing debate triggered by US president Barack Obama in his state of the union address last Tuesday, he said that the society in US witnesses a lot of debate and discussion and both views are alwa...

The company will hire fresh engineers through partnerships with educational institutes and local governments.

Technology giant Google has finally spoken out on the controversy over objectionable content posted on its website and the legal battle it has led to. Speaking exclusively to NDTV, Google's Chief Business Officer Nikesh Arora said it was not possible for the company to monitor everything on its website.

'There are social groups that will tell you that they don't like something. If it is bad, we'll take it down.'

Countries benefit little from protectionist policies because every country has a tendency to help domestic companies going abroad either to invest or to produce.

"Many countries don't have laws to criminalise cyber crime, they don't have means and tools to investigate, to share information," said Yury Fedotov, who heads the United Nations office on drugs and crime.

Technology giant Google has finally spoken out on the controversy over objectionable content posted on its website and the legal battle it has led to. Speaking exclusively to NDTV's Shweta Rajpal Kohli from Davos, Google's Chief Business Officer Nikesh Arora said it was not possible for the company to monitor everything on its website. "I hope the government will take...

Chinese firms and govt funds have been buying up foreign companies and invest in foreign govt bonds in recent years.

Even business rivals, known for exchanging only harsh words, could be seen hugging each other and laughing together at off-the-record parties.

Morgan Stanley's Stephen Roach says China has a lot of discretion to use fiscal or monetary policy to temper the impacts of the slowdown whereas India has many problems. Current account deficit, weak currency and high inflation come in the way of easing the monetary policy. A high government deficit restrains the use of fiscal policy.

Noting that Germany is going to participate in reducing the imbalances in the European Union area, Merkel said Europe has an opportunity to prove that it can be a role model and play a major role in the global economy.