News Summary: UK to end aid spending in India

The Associated Press

TIMES ARE CHANGING: Britain will halt all aid spending in India in 2015 in a significant shift in relations between the emerging economic giant and its former colonial ruler.

JEWEL IN THE CROWN: Prime Minister David Cameron's government said it plans to boost trade with India, whose economy is expected to grow 6 percent for the year, according to the World Bank.

LAST YEAR: Britain offered India about 280 million pounds (US$447 million) in assistance in 2011, focused heavily on education and health programs for impoverished children.