Wednesday, Feb 09, 2005
Wednesday, Feb 09, 2005 |
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India & World
By Sridhar Krishnaswami
WASHINGTON, FEB. 8. The United States has said it was graduating India out of economic assistance but only with the ``understanding and agreement'' of New Delhi. A couple of years ago New Delhi was graduated out of military assistance programmes. ``We are graduating India. That is with the understanding and agreement of the Indians,'' a senior administration official, briefing the media on the Fiscal 2006 budget, said. ``I've been to India six times in the last year and a half and... when we sit down and talk about assistance levels, it's not one of the major things they focus on. It's not that important,'' the official remarked pointing to what took place in the aftermath of the December 26 tsunami. Tsunami was a good example. Indians said: ``We don't need your assistance. We can do this ourselves,'' the official said. ``On the economic and development sides the amount of money we are putting in India right now is not large,'' the official said. India will be getting about $ 14 millions for a number of programmes, including development of a more effective disaster response system, finance for education initiative in disadvantaged communities, implementation of water and power structure reform activities and help for reducing fiscal deficits of Indian States. Pakistan would get about $640 million for Fiscal 2006, primarily for standing with the United States and showing ``resolve'' in the war on terror. The United States President, George Bush, has asked for over $640 million for Pakistan ``to help advance security and economic opportunity'' for its people. The economic component would be in the range of $300 million, of which $200 million had been set apart for budget support and the rest for social sector programmes that would include education and health reforms. The Fiscal 2006 budget has set the stage for a political showdown on Capitol Hill. The White House is calling this budget the most austere proposal since the Reagan era and in line with Mr. Bush's idea to come to terms with soaring deficits. But the Democrats do not share this view and are determined to fight for some of the programmes for the disadvantaged.
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