U.K. halts further aid to India
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’