SME Times is powered by   
Search News
Just in:   • Equities rise on positive global cues, strong rupee  • German SMEs to invest euro 650 mn into India through MIIM  • Rupee appreciates, breaks 65-level against US dollar  • 'Minimum balance penalty by banks must be reasonable'  • Jaitley moves GST bills for passage in Lok Sabha 
Last updated: 27 Sep, 2014  

India.UK.9.Thmb.jpg Britain faces mounting pressure to end Indian aid

India.Uk.9.jpg
   Top Stories
» Rupee appreciates, breaks 65-level against US dollar
» Jaitley moves GST bills for passage in Lok Sabha
» 'Indo-British official group discussing free trade agreement'
» Govt imposes 10 pc import duty on wheat, tur dal
» 'Feb economic activity in India saw small uptick'
IANS | 03 Dec, 2012
British government is facing renewed pressure to halt its aid to India at the earliest after latest figures showed the latter's economy is set to grow by 6.5 percent next year and 7.2 the year after.

International Development Secretary Justine Greening has already announced Britain's 280 million pounds (over $448 million) annual handout to India would end in 2015.

It followed an outcry that British taxpayers' cash was being lavished on an increasingly well-off country with its own space programme and nuclear weapons, Daily Express reported Saturday.

The latest projections of India's GDP growth, by investment bank Goldman Sachs, prompted calls for the aid programme to be stopped forthwith.

Robert Oxley of the TaxPayers Alliance said: "Justine Greening rightly ended Britain's aid programme to India, but, given its economic performance, those projects should be brought to an end now, not in 2015. It is totally unacceptable."
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
81.55
78.85
Euro
71.30
68.85
Japanese Yen 58.55 56.65
As on 30 Mar, 2017
  Daily Poll
Do you think proposed US visa rules will hurt Indian IT sector?
 Yes
 No
 Can't say
  Commented Stories
» Time to get GST-ready(12)
» It's time for SMEs to go online(10)
» Starting an import export business: Basic guide for beginners(8)
» MSME schemes - Do you know all of them?(3)
» SME auto components gain market, counterfeit goes down(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter