Parties says India should refuse British aid

Published on Mon, Feb 06, 2012 at 20:02 |  Source : PTI

Updated at Tue, Feb 07, 2012 at 09:25  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr
Parties says India should refuse British aid

Major parties today took strong exception to demands in the UK for stopping aid to India, with opposition BJP saying that the country did not require such help and should give a befitting reply to the "arrogance" of a section of the British political class by refusing it.

But despite demands by ruling Conservative party MPs and others to end it, Britain today defended its multi-million pound aid to India saying "now is not the time to quit". The clamour to stop British aid reached a high after India last week decided to select the French fighter Rafale over Eurofighter Typhoon, which is partly manufactured in Britain, as its mainstay multi-role combat aircraft.

BJP MP Balbir Punj said, "I am surprised that in India which is seen as a rising economic power, inspite of the misgovernance by the UPA, should take these peanuts from the UK or anywhere else. "I will call upon the government to stop this aid immediately. That will be a proper and fit reply to the arrogance of those British who think that they can influence the decision-making in India with the help of a few pennies."

Senior CPI(M) leader Sitaram Yechury said Britain was "reacting in a typical manner in which a conservative Tory-led government would react. They are saying that if you are not meeting our interests, why should we give you any aid." "So any aid, which is tied or conditional, is not going to be helpful to India," Yechury said.

Referring to the decision on Rafale, Union Minister and Congress leader Veerappa Moily said, "Business cannot work on monopolies, but (depends) on competitiveness. Whatever the best quality and whatever the prices, we do business.

"Any country cannot dictate and say that you do business only with me and not anybody else, I don't think this can run. We have to deal with things that are in the best interests of the country."

  

Trending News

Business News

Pre-book the Samsung Galaxy S III on Snapdeal for Rs. 250
Did Sebi miss any tricks in Ambani consent order? "Did Sebi miss any tricks in Ambani consent order?"

Oppn gears up to make Bharat bandh a success

On Facebook IPO Morgan Stanley Speculation Of 'Nefarious Activity' Around IPO Untrue

The latest earning numbers FIRST on CNBC-TV18
Videos

May 30 2012, 11:18

Result corner: Ajay Bodke`s top bets from across sectors

- in MARKET OUTLOOK

Interviews

May 30 2012, 17:04 | Source: CNBC-TV18

Margins may be hit on one-off items in EBITDA: Sun Pharma  

May 30 2012, 16:32 | Source: CNBC-TV18

Essar announces Rs 175cr deal; to pay-off debts with fund  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!