India cuts development aid to Maldives amid strained relations, allocates highest for Bhutan

Quick Summary:

India News: NEW DELHI: In accordance with India's 'neighbourhood first' policy, the Union Budget for 2024-25 allocated the largest share of development aid, amoun.

The aid was set at Rs 600 crore for developmental assistance, ranking it as the third-highest recipient of aid from the government for foreign countries.

This was reduced further to Rs 400 crore in the budget proposed today, marking a drop of over 48 per cent.

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Author / Journalist: TOI News Desk

Category: EconomyBusiness

Markets: IndiaAfghanistanBangladeshBhutanChinaMaldivesMauritiusMyanmarNepalSri Lanka

Topics: MEA Union Budget Today news India news Google news Breaking news Ministry of External Affairs (MEA) India's 'neighbourhood first' policy India news today

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 22:32:49 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 657 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 21753026

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