Sharp drop in aid to SAARC nations

SAARC_2768581f


  1. News: Development assistance for all SAARC countries has been significantly reduced in the 2016-17 Budget
  2. Context: This move is contrary to the NDA government’s Neighbourhood First diplomatic posture
  3. Relevance: Except Pakistan, all other 6 members of SAARC receive significant financial assistance from India
  4. Slashing of Assistance: Cut in Budget to Ministry of External Affairs, has fallen by about Rs. 500 crore
  5. Officials said: Many projects started between 2005-2010 had been completed or were nearing completion and needed less assistance
  6. Exception to the Budget: Myanmar (not a SAARC nation) saw a major 48% increase in development aid
  7. Why? because, govt’s focus on the Kaladan multi-mode transport corridor project, as well as the Trilateral Highway project
Foreign Policy Watch: India-SAARC Nations
  • Subscribe

    Do not miss important study material

Leave a Reply

Please Login to comment
  Subscribe  
Notify of