India-Bhutan Current Affairs - 2019

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“B2B” PM’s formula for stronger relationship with Bhutan

India BHutanOn his first foreign visit after becoming PM, Narendra Modi who is on a two-day Bhutan visit promised to foster bilateral ties which he described as “B2B —Bharat to Bhutan” as he held talks with the Bhutanese King and countries Prime Minister, discussing an entire range of relationship between the two nations.

Mr. Modi also unveiled the Supreme Court complex built by India as part of the developmental cooperation. Modi described the bilateral ties as “B2B relations — Bharat to Bhutan relations”.

He announced doubling of scholarships granted to Bhutanese students in India which will now be worth Rs 2 crore. Modi also assured to help Bhutan in establishing a digital library, which will provide access to Bhutanese youth to two million books and periodicals.

Prime Minister’s visit to Bhutan holds significance since China has lately scaled up efforts to persuade it and set up full-fledged diplomatic relationship with Bhutan.

Month: Categories: International

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Indian aid to Bhutan: Rs 4,500 crore Assistance Package to improve the livelihood of Bhutanese

Screenshot_7As per the 11th five year plan of Government of India (GOI), India will contribute Rs.4500 crores Assistance Package to Bhutan. The package will help the landlocked country to implement major projects over the 11th Five Year Plan that will improve the livelihood of its people. 

India’s assistance to the Eleventh Five –Year Plan (2013-2018) to Bhutan

  • Project Tied Assistance (PTA)- Rs. 2800 crore.
  • Small Development Projects- Rs. 850 crore.
  • Development Subsidy or Program Grant-Rs. 850 crore.

In addition, GOI agreed to provide as Rs. 500 Crore as Economic Stimulus Package, to boost the Bhutanese economy and help the RGOB to tackle the liquidity shortage.

Month: Categories: International

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