SME Times is powered by   
Search News
Just in:   • OPEC to extend output cuts, to set up OPEC-India Working Group  • Honda Cars expects higher growth than automotive sector this fiscal  • ITC net profit up 12.1 percent in Q4  • Tata Chemicals posts 32 pc rise in Q4 net profit  • Centre modifies rules to end cattle slaughter 
Last updated: 27 Sep, 2014  

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

India.Uk.9.jpg
   Top Stories
» Entities to declare over Rs 2 lakh cash receipts by May 31: I-T
» India, Mauritius negotiating CECPA trade deal
» Climate, trade, security, migration to figure in tough G7 summit
» Sensex mounts 31k, Nifty scales 9,600 points peak
» Startups get a boost as govt enlarges definition
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
65.30
63.60
UK Pound
85.05
82.20
Euro
73.10
70.60
Japanese Yen 59.05 57.05
As on 29 May, 2017
  Daily Poll
Should Govt tax farm income above certain level?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(76)
» Three years of Modi government(22)
» GST will go a long way in helping SMEs, says GST Council official(4)
» Govt. approves subsidy for 2,221 cold storages(2)
» Where should I export - the answer is here!(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter