UK yet to take a call on aid cut to India
New Delhi: Britain is yet to take a call on cutting its 280 million pound a year development aid to India, the country`s Foreign secretary William Hague said here Thursday.
Hague, who is on a visit to India, told journalists at a press conference that his country`s minister heading the department for international development (DfID), Justine Greening, would be examining the areas where Britain is providing funding to India and take a decision.
Hague said the two countries are holding talks on the issue. "We have been discussing the issue... The governments of UK and India have agreed on the way forward on this issue," Hague said, adding that Greening would be issuing a statement and he did "not want to pre-empt the issue".
Indian External Affairs Minister Salman Khurshid said the two countries had discussed all aspects of bilateral trade, which "has immense potential".
"Aid is past, trade is future," Khurshid said.
India is the third largest investor in Britain, while the UK also has major investments in India.
The Sunday Times had reported that Britain plans to cut its 280 million a year aid to India following growing domestic pressure on Prime Minister David Cameron to stop funding emerging economic powers such as India, China and Brazil at a time when Britain was facing an economic downturn.
The Sunday Times had said that Greening during her upcoming visit to New Delhi was expected to discuss a time-table for "winding down" British aid commitment to India.
"She is expected to make it clear that the Britain`s commitment to India will change radically at the end of the current eight-year £1.6 bn programme, which lasts until 2015," the paper said, adding that Greening would open negotiations to replace aid with trade.
President Pranab Mukherjee as finance minister had dismissed British aid as "peanuts".
More from India
More from World
More from Sports
More from Entertaiment
- Delhi's 2015 CBSE Class 12 topper M Gayatri talks to Zee Media
- One year of Modi govt: PM promises to fulfil aspirations
- Watch: Mumbai cops find new secret agents in housewives!
- DNA: Sikh man in New Zealand removed his turban to help injured kid
- No respite from heat for next three days: IMD
- One year of Modi govt: PM addresses mega rally in Mathura
- Hundreds die as heat wave continues in India
- 2G scam: Ex-TRAI chief alleges Manmohan Singh had warned him to cooperate
- DNA: AIIMS doctor removes both kidneys of minor, claims she had only one
- Pranab Mukherjee defends Bofors scam, says it was just a media trial
- Growing medical negligence in Delhi's AIIMS
- Salman Khan attends sister Arpita's wedding reception in Mandi
- Zee Media's mega survey on Modi govt
- Zee Media Exclusive: Vidya Balan chats about 'Hamari Adhuri Kahani'
- One year of Modi govt: PM Modi addresses mega rally in Mathura Part-II
- One year of NDA govt: PM Modi writes open letter to nation, promises to transform India
- World optimistic about India: PM Narendra Modi on 1 year of NDA govt
- MSBSHSE Class 12th HSC results 2015 to be declared at 1pm tomorrow
- Arpita-Aayush wedding reception: Salman Khan spreads love in Mandi, says `hum aapke hain`
- Bharatiya Janata Party lacks majority for Ram Temple, Article 370: Amit Shah
- AAP govt moves resolution against MHA notification: As it happened
- Rahul Gandhi takes a dig at one year of Modi govt, wishes 'happy birthday' to 'suit-boot ki sarkar'
- Heatwave kills 90 more in Andhra, Telangana; toll crosses 800
- UBSE Results 2015 (ubse.uk.gov.in): Uttarakhand 12th Result 2015 to be announced today at 11 AM
- Gujjars adamant on holding talks in Bayana; rail tracks remain blocked
- CBSE 10th result to be declared tomorrow
- CBSE Class X Board Results 2015 to declared tomorrow
- Salman Khan's `Bajrangi Bhaijaan` teaser to be out in two days?
- CBSE Class 10 Board Result 2015 (cbse.nic.in, cbseresults.nic.in) postponed?
- What couldn't be done in last 10 years, NDA govt did in one year: Smriti Irani in Amethi