March 29, 2022
2 mins read

US to hike India aid in clean energy, digital economy

The Biden Administration has also proposed to increase aid to India on the health sector from $34.5 million in 2021 to $48.5 million in 2023…reports Asian Lite News

Washington has proposed to increase the developmental assistance to India in clean energy, digital economy, and also in combating increasing authoritarianism, media reported.

The proposed increase in India’s developmental assistance from $25 million in 2021 to $66 million for the fiscal 2023 is part of the State Department’s developmental assistance for the fiscal 2023, which was sent by the White House to the US Congress on Monday, according to a PTI report.

“The funding increase for India supports India’s role as a regional leader by increasing clean energy and other climate programming. Funds will also advance investments in the digital economy,” said the State Department’s portion of the budget.

“Assistance will combat increasing authoritarianism, bolster human rights and strengthen civil society participation and democratic governance,” the State Department said.

The Biden Administration has also proposed to increase aid to India on the health sector from $34.5 million in 2021 to $48.5 million in 2023, it was reported.

Meanwhile, Biden’s 2023 budget proposal seeks around USD 1.8 billion to support a free and open Indo-Pacific region, an official document revealed on Monday.

“To support American leadership in defending democracy, freedom and security worldwide, the budget includes nearly USD 1.8 billion to support a free and open, connected, secure, and resilient Indo-Pacific region and the Indo-Pacific strategy, and USD 400 million for the Countering the People’s Republic of China Malign Influence Fund,” the budget proposal said.

The US is officially proposing USD 813.3 billion in defence and national security spending as part of his budget request for 2023, The Hill reported.

The request comes as the US looks to counter China and Russia.

“I’m calling for one of the largest investments in our national security in history, with the funds needed to ensure that our military remains the best-prepared, best-trained, best-equipped military in the world,” Biden said in a statement.

“In addition, I’m calling for continued investment to forcefully respond to Putin’s aggression against Ukraine with U.S. support for Ukraine’s economic, humanitarian, and security needs,” he added.

The USD 813.3 billion request is more than USD 31 billion, above the USD 782 billion in defence spending that was enacted in the USD 1.5 trillion government funding bill signed this month.

ALSO READ: Canada to decide between economy and environment

Previous Story

Folktales Reimagined in Italy

Next Story

Green aerospace tech to receive record funding

Latest from -Top News

Harvard sues Trump over foreign students ban

Harvard University has filed a federal lawsuit against the Trump administration after being barred from enrolling international students, marking its second legal challenge in a month against what it describes as politically

Pakistan may face stricter IMF terms

The International Monetary Fund (IMF) will undertake its next funding review for Pakistan in the second half of 2025, with 11 new conditions now attached to the continuation of its Extended Fund

Indian diaspora in Japan backs Operation Sindoor

Members of the Indian diaspora in Japan have strongly endorsed Operation Sindoor, India’s targeted military response to the April 22 terror attack in Pahalgam, Kashmir, praising Prime Minister Narendra Modi’s leadership and

WHO adopts Global Pandemic Agreement

The agreement seeks to boost international coordination and ensure equitable access to life-saving tools during future pandemics, while reaffirming respect for national sovereignty in public health decisions In a move aimed at
Go toTop

Don't Miss

US B-52 bombers strike Taliban targets in Afghanistan

The US on Saturday asked its citizens to leave Afghanistan

India’s car buying budget up 30% in 2022

Last year, every two minutes, users enquired about the mileage