The special incentive allows eligible companies to obtain interest-free loans of a maximum of Dh300,000 with a grace period of 6 to 12 months
business2 hours ago
Leaders of flood-stricken Kerala state angrily hit out at India's national government Thursday for rejecting a $100 million aid offer from the United Arab Emirates as more people entered relief camps to escape the devastation.
More than 1.3 million people have now packed into temporary camps even though the floods, which have left at least 420 dead and missing, are fast receding.
The New Delhi government infuriated the Kerala administration by rejecting the cash offer from the Gulf state.
Kerala's Finance Minister Thomas Isaac accused Prime Minister Narendra Modi's government of adopting a "dog-in-the-manger" policy by refusing the money.
The communist minister added in a Twitter attack that if the right wing national government takes a "negative stance" on the UAE offer "they should compensate Kerala."
We asked Union Gov for financial support of ?2200 Cr ; they grant us a precious ?600 Cr . We make no request to any foreign gov but UAE gov voluntarily offer ?700cr. No, says Union gov , it is below our dignity to accept foreign aid. This is a dog in the manger policy.Kerala chief minister Pinarayi Vijayan called for "high level" talks with the national government on the dispute.
- Thomas Isaac (@drthomasisaac) August 22, 2018
The special incentive allows eligible companies to obtain interest-free loans of a maximum of Dh300,000 with a grace period of 6 to 12 months
business2 hours ago
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