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From: Poonam Prakash <mrigya_13@xxxxxxxxxxx>
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Date: Tue, 24 Jul 2007 16:37:20 +0000 (GMT)
US slashes aid to 'transforming' India
24 Jul, 2007, 1419 hrs IST, IANS
WASHINGTON: In a sweeping overhaul of US foreign assistance programme, aid to India would be cut 35 per cent in 2008 as it has one of the best-performing economies in the world.
India's slice of aid was cut after it was labelled a "transforming" country instead of a "developing" one under a plan developed by Randall L Tobias, a corporate veteran handpicked by Secretary of State Condoleezza Rice to manage foreign assistance, the Washington Post reported.
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http://economictimes.indiatimes.com/US_slashes_aid_to_transforming_India/articleshow/2229698.cms
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