U.K. halts further aid to India

November 13, 2012

Buckling under mounting domestic pressure, the British government declared stop to additional financial aid to India but all existent commitments until 2015 would be honored.

The move would save Britain over £200 million over the next three years.
Britain’s new focus will be to offer technical help and investment in private sector poverty-alleviation projects
Move consequence to the economic crisis U.K. itself is facing and considering that India is ‘successfully developing’

« Previous Post Next Post »