UK to end financial aid to India 2015

// News | General | UK to end financial aid to India 2015
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font

The UK is to end financial aid to India by 2015, international development secretary, Justine Greening, has said.

British Broadcasting Corporation reports that support worth about £200m ($319m) will be phased out between now and 2015 and the UK’s focus will then shift to offering technical assistance.

 Greening said the move, which will be popular with Tory MPs, reflected India’s economic progress and status.

Giving his reaction, India’s foreign minister Salman Khurshid said: “Aid is the past and trade is the future.”

But charities described the move as “premature” and warned it would be the poorest who suffered.

Until last year, when it was overtaken by Ethiopia, India was the biggest recipient of bilateral aid from the UK, receiving an average of £227m a year in direct financial support over the past three years.

But the UK’s support for India, one of the world’s fastest-growing economies, has been a cause of concern among Conservative MPs, many of whom believed that the UK should not be giving money to a country which has a multi-million pound space programme.

Ministers have defended the level of financial help in the past on the basis of the extreme poverty that remains in rural areas and historical colonial ties between the two countries.

Ms Greening has been conducting a review of all financial aid budgets since taking over the role in September and visited India earlier in the week to discuss existing arrangements.

She said the visit confirmed the “tremendous progress” that India was making and reinforced her view that the basis of the UK’s support needed to shift from direct aid to technical assistance in future.

The announcement that the UK is scrapping aid to India has been long expected and will not have come as a surprise to the Indian government.

UK International Development Secretary Justine Greening was in India early this week to meet senior Indian government officials who were briefed on the move.

India has long held the position that while it welcomes financial aid from overseas from those who choose to give it, it will never actively seek it.

The move is also a recognition of India’s economic transformation.

It’s now the third largest investor in the UK and the largest market for British goods outside the EU.

But much of the UK aid money was used to fund projects in some of India’s poorest areas and some will worry that those at the receiving end could suffer.

“After reviewing the programme and holding discussions with the government of India, we agreed that now is the time to move to a relationship focusing on skillsharing rather than aid,” she said.

“India is successfully developing and our own bilateral relationship has to keep up with 21st Century India.

“It is time to recognise India’s changing place in the world.”

Although all existing financial grants will be honoured, the UK will not sign off any new programmes from now on.

Last year the UK gave India about £250m in bilateral aid as well as £29m in technical co-operation.

By focusing post-2015 support on trade, skills and assisting private sector anti-poverty projects which can generate a return on investment, the UK estimates its overall contribution will be one-tenth of the current figure.

In making the decision, the UK is citing the progress India has made in tackling poverty in recent years. It says 60 million people have been lifted out of poverty as a result of the doubling of spending on health and education since 2006.

India spends £70bn on its social welfare budget, compared with £2.2bn on defence and £780m on space exploration.

From 2015, development experts will continue to work alongside the Foreign Office and UK Trade and Investment but focus on sharing advice on poverty reduction, private sector projects and global partnerships in food security, climate change and disease prevention.

Tagged : No tags for this article

Headlines Newsview all

Peter And Paul Okoye Of P-Square In Fist Fight, Manager Jude Okoye Says "It's Over" Video

I've been hearing a few stories about Peter and Paul Okoye of P-Square having issues for a while now. I hear they disagree on everything ... Full story

DPO Rapes Woman Inside Police Station In Lagos

A 31-year-old woman, Idowu Akinwunmi, has narrated how the Divisional Police Officer in charge of Onikan Police Station, SP Adekunle Awe, allegedly rapéd her, extorted ...

Brave parents join soldiers in bush search for 99 girls

Anxious parents of some of the girls abducted from the Government Girls Secondary School, Chibok, Borno State, have headed for the forest in a desperate ...

Jungle Justice: Another suspected kidnapper burnt to death!

A suspected female kidnapper was on Wednesday night lynched in Ilorin by a mob. This is the third suspected kidnapper to be burnt to death ...

Nigerian director of defence accepts army goofed over abducted school girls

Nigeria’s military authorities have acknowledged that they goofed over their statement that all but eight of the 129 abducted school girls of a secondary school ... Full story

Principal Says Military Lied, 115 Schoolgirls Kidnapped By Boko Haram Still Missing

Asabe Kwambura, principal of Government Girls’ Secondary School, Chibok, Borno State has denied reports from the military that most of the students kidnapped from her ...

Residents catch mad woman with N100,000, ATM cards, and BlackBerry phones

A woman said to be mentally-challenged escaped being lynched by an angry mob on Wednesday after she was allegedly caught with N100,000, two BlackBerry phones ...

Uwem Job Beheads Cousins, Injures Two Others in Akwa Ibom State

A 35-year old man, Mr. Uwem Job, on Wednesday, beheaded two of his cousins, Mr. Akaninyene Job, 45; and Ezekiel Job, 36 in Ikot Nkim, ...

Manager Godwin Tom Very Angry Wizkid Parted Ways With Him

Nigeria’s music industry has witnessed another fall-out between an artiste and a manager as pop sensation, Ayo ‘Wizkid’ Balogun, and Waje have parted ways with ...

80 Abducted Girls Escape From Boko Haram!

About 80 students of the Government Girls’ Secondary School in Chibok Local Government Area of Borno State, abducted by the Boko Haram insurgents on Monday ...

UK NGO Blasts Okonjo-Iweala For Protecting Corruption In Nigeria, Calls For Her Resignation

The Corner House, a United Kingdom non-governmental organization, has urged Ngozi Okonjo-Iweala, Nigeria’s Minister of Finance and Coordinating Minister, to resign her appointment if she ... Full story

Comment on: UK to end financial aid to India 2015

Rate this article

0

Breaking News

Nollywood ‘Knocking On Heaven’s Door’

The Nigerian entertainment industry is really growing in a fast pace as movies are been premiered and released almost every month. This time around, Royal ...

Banky W, Others Recreate Ellen DeGeneres Oscar Selfie

Recently the ‘Samsung Brand’ hosted a launch to officially announce the new Samsung S5 galaxy phone in Nigeria. Nigerian Ambassadors of the brand, Banky W, ...

Many Celebrities in Nollywood Are Still Living in Bondage

Yes.By their characteristics you shall know them. Because, they will always manifest with time.There are many strange things in Nollywood; strange attitudes of many of ...

Uche Nnanna release pre-wedding photoshoot Pictures

Nollywood Actress Uche Nnanna who is set to officially walk down the aisle with her hubby. She announced that she will be walking down the ...

Artiste Yemi Alade Out With ‘Tangerine’

POP diva and one of Nigeria’s best female vocalists, yemi Alade is in the news again. Just after releasing the video to her massive hit ...

Nigeria Honours Femi Otedola’s Daughter As Nigeria’s Tourism Ambassador

Twenty-one years old daughter of top Nigerian Businessman and owner of Forte Oil Femi Otedola, called Ife Otedola and popularly known as DJ Cuppy was ...

Nollywood stars embark on ‘No makeup’ contest

……As Dayo Amusa Floors Iyabo OjoRecently, Nigerian music star Kingsley Okonkwo unveiled a competition tagged ‘Miss fine face ’contest where winner will get whooping amount ...

Check Out SMOKING HOT PICTURES Of Actress Rukky Sanda

Sexy Nollywood actress, Rukky Sanda shares some hot new pics...SEE PHOTOS HERE   ...

Afro Candy Says She's Been Bewitched!

Do you have a story/gist for publication? Please email it to story@nigeriafilms.com blessing | 4/18/2014 9:44:22 AM today is good friday, go to God in prayerhe will ...

Why I unfollowed all my instagram followers……Adokiye

There has been reports going viral online that popular Nigerian pop diva Adokiye Kyrian has unfollowed about eight thousand eight hundred and eighty followers on ...