The US-India CEO Forum has recommended the setting up of a $1 billion venture capital fund for clean energy projects focusing on bio-fuels, solar and bio-mass as part of the larger goal of ensuring energy security of the two countries.

India and the United States will set up a $10 billion infrastructure debt fund to help develop India's physical and social infrastructure, Commerce and Industry Minister Anand Sharma said Monday.

Road Transport and Highways Minister Kamal Nath Monday said the government would take another six months to draw the role and scope of work of the proposed Expressway Authority of India, which will be the driving force behind construction of high-speed road networks in the country.

The United States and India Monday launched a joint initiative in agriculture for an "Evergreen Revolution" to promote food security around the world.

The mega commercial deals between Indian and US companies that were announced during US President Barack Obama's visit here have raised one question: Are they worth $10 billion, as variously reported, or $15 billion as stated by White House?

The Obama administration will encourage American companies to invest in India's core sectors like infrastructure, power and renewable energy, US Under Secretary of Commerce for International Trade Francisco Sanchez said Monday.

In a sharp departure from his earlier statements that had voiced concern over American jobs shifting from Buffalo to Bangalore, US President Barack Obama Monday said he never made "outsourcing a bogeyman" during this India visit and asked the businesses of the two sides to shed stereotypes.

The United States Monday decided to relax its export controls of high-tech equipment to India, particularly in the defence and scientific areas,  while agreeing to push New Delhi's membership in some key strategic multilateral institutions and work closely toward global energy security.

The Malaysian Airlines has kept the markets in India and China at the top of its new expansion plans.

Finance Minister Pranab Mukherjee 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.