Come on Riaz now the 10 billion dollar from US is clearly an AID and because of that you are trying to convert all soft loan in to AID and can you tell me the with evidence that loans India taking from world bank and IMF are soft loans??for me it is not..you are keep trying to twisting the facts..
You are talking nonsense. First, it's not $10 billion. Second, most of it is soft loans, with a small portion in payment for the logistics support to coalition forces without which they can not sustain their Afghan presence. Third, Pakistanis are not ungrateful like Indians who take foreign aid and the deny receiving it. If they are embarrassed by it, they should refuse aid, even though it'll hurt the poorest of the poor Indians.
But here's a story about British aid to India:
Indias foremost journalist and supernumerary fellow of Corpus Christi College, Oxford, has called for the ending of British foreign aid to India, calling it demeaning for his country.
Writing in the Indian Telegraph, Mr Sunanda K Datta-Ray said that it was demeaning for a country to accept foreign money as it is to export economic refugees, whether highly qualified professionals to America or labourers to Singapore.
Mr Datta-Ray, former editor of The Statesman in Calcutta and New Delhi, correspondent for the International Herald Tribune and Time magazine, and editorial consultant to Singapores The Straits Times newspaper, added that surrendering British aid would remove an unnecessary irritant. It would also be good for Indias self-respect.
He went on to reveal that India actually has its own foreign aid programme, called the Indian Technical and Economic Cooperation programme. It was launched in 1964 and now helps 156 countries, including Afghanistan.
The bizarre situation has therefore arisen where British taxpayers give untold millions to India, whose government in turn dishes out foreign aid to other countries.
Many Britons feel that their country cannot afford to lavish £825 million on India over three years, Mr Datta-Ray said, pointing out that the British taxpayer had already provided India with £1,045 million in aid over the previous five years.
Mr Datta-Ray then humorously postulated what the answer would be to anyone questioning British aid to India, saying that the likely retort would be along the lines of: Well, after theyve paid for their military and space programmes, theres very little left for food. Hardly their fault is it you fascist, racist, holocaust denier!
He also pointed out some harsh economic realities: the International Monetary Fund fears Britains public debt might double to a record 100 percent of the gross domestic product over the next five years and that unemployment (2.4 million without jobs) is at a 14-year high in the UK.
The image of grinding poverty dies hard despite the US ruling that while Pakistan and Bangladesh are developing countries, India is a transforming nation (which justified slashing American aid by 35 percent to $81 million) and analysts constantly coupling India with China as the economic powers of the future, he continued.
India should now review the entire aid programme and the cost in terms of image, repayment and conditionalities, he said.
* The British National Party has made it very clear that there will be no foreign aid of any sort paid out while British citizens suffer poverty and the lack of essential services.
This is in stark contrast to the Labour and Tory parties, both of whom have undertaken to increase foreign aid despite British people suffering economically.
The British National Party — Blog — Foremost Indian Journalist Calls for End of ?Demeaning? British Aid to India
members here clearly debunked you twisting the facts of loan as AID and still you trying to stick it up to the same argument??
