Brief by Shorts91 Newsdesk / 02:28pm on 01 Feb 2024,Thursday India
India's Interim Budget for 2024-25 reveals a 22% reduction in developmental assistance to the Maldives, allocating Rs 600 crore compared to the previous year's Rs 770.90 crore. The overall foreign aid allocation sees a 10% decrease, with Rs 4883.56 crore earmarked. Bhutan and Nepal lead in grants, receiving Rs 2068.56 crore and Rs 700 crore, respectively, despite reduced allocations. Amid a diplomatic row, India emphasizes tourism development in Lakshadweep. Aid cuts extend to Afghanistan, Bangladesh, Myanmar, and Latin American nations, while Sri Lanka, African countries, Mauritius, and Seychelles witness increased allocations.
