SME Times is powered by   
Search News
Just in:   • Markets drop from record high on profit-booking  • Stress on women's dignity at workplaces: ASSOCHAM  • Infotech's net up by 15 percent  • 'Parrikar playing into hands of private mining firms'  • Venezuela announces new oil finds 
Last updated: 12 Dec, 2012  

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

India.Uk.9.jpg
   Top Stories
» Garment exports up 15.5 pc in FY'13-14: AEPC
» 'India well-poised to play key role in global net governance'
» 110 mn vote in India, BJP says it's 'Modi tsunami'
» Uncertainty in Nokia plant may hit India's telecom exports by 40 pc
» US trade mission headed to India in November
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
61.75
60.75
UK Pound
102.45
100.20
Euro
85.65
83.65
Japanese Yen 60.55 59.10
As on 25 Apr, 2014
  Daily Poll
At present, industrial slowdown is the biggest challenge to growth
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(12)
» Poor quality may cost exporters key global markets: Kher(3)
» "Raising funds, hiring talents big challenge for SMEs"(3)
» Global trade: brighter prospects ahead(2)
» An Indian now owns East India Company(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter