UK to stop providing financial aid to India by 2015
The British government has made it clear that it will stop providing million of pounds in aid to India by 2015.
"It's time to recognise India's changing place in the world," the country's International Development Secretary Justine Greening said in a statement that estimated savings of 200 million pounds by 2015.
According to the Telegraph, the move follows anger at handouts to an economy that is Asia's third largest and has a space programme.
The paper said that move is unlikely to anger the Indian government, whose former finance minister Pranab Mukharjee described Britain's aid contribution to India as a "peanut".
Controversy over the aid program flared after former UK International Development Secretary Andrew Mitchell said last year the 280 million pounds annual assistance was partly about "seeking to sell the Typhoon".
India later entered into exclusive negotiations with France's Rafale fighter, rejecting the British-backed plane for an estimated 15 billion dollars contract.