Tibet Current Affairs - 2019
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An International Conference on 8th century Himalayan sage Guru Padmasambhava was held in New Delhi. The conference was organised as part of events to commemorate 50-years of formalization of diplomatic ties between India and Bhutan.
Guru Padmasambhava was born in India and travelled all across Himalayan region in the 8th century to spread Buddhism and Buddhist teachings.
Guru Padmasambhava is highly revered in Bhutan. There is an image or painting of the Guru Padmasambhava in every Bhutanese home or temple.
Guru Padmasambhava was also known as Guru Rinpoche is widely venerated as a “second Buddha” by adherents of Tibetan Buddhism in Tibet, Nepal, Bhutan, the Himalayan states of India, and elsewhere.
Guru Padmasambhava is also considered to be the founder of Nyingma tradition, oldest of the four major schools of Tibetan Buddhism.
India-Bhutan Diplomatic Relations
The diplomatic relations between India and Bhutan were established in 1968. India established a special office of India in Thimphu in 1968. Prior to this, Indian diplomatic relations with Bhutan were looked after by Indian Political Officer in Sikkim.
The India-Bhutan bilateral relations are governed by the Treaty of Friendship and Cooperation signed in 1949 between the two countries. The treaty was revised in February 2007. The India-Bhutan Friendship Treaty together with reflecting the contemporary nature of our relationship lays the foundation for their future development in the 21st century. India and Bhutan are celebrating the Golden Jubilee of the establishment of formal diplomatic relations between the two countries.
Government of India and Asian Development Bank (ADB) have signed a loan agreement of $60 million for financing project for renovation, protection and community-based flood risk management activities along the Brahmaputra river in Assam. The objective of the program is to enhance the reliability and effectiveness of flood and river bank erosion risk management systems in Assam. Duration of the loan is 20 years with the grace period of five years. Interest rates are determined by ADB based on London Interbank Offered Rate (LIBOR) and commitment charge of 0.15% per year.
In 2010, ADB had approved the Tranch 2 Loan of $120 million for Assam Integrated Flood and River Bank Erosion Risk Management Investment Program. The Project 2 of the program will help to fund the structural and non-structural measures in three sub Project areas – Palasbari Gumi, Kaziranga and Dibrugarh along the Brahmaputra river which covers 20 km of riverbank protection work and flood embankments upto 13 km.
The executing and implementing agencies for this project are Flood and River Erosion Management Agency of Assam and Assam State Disaster Management Authority. The project will create and strengthen disaster management system and knowledge base for flood forecasting.
The river originates from Mansarovar Lake in Himalayas in Tibet with the name Yarlung Tsangpo. It is one of the major rivers of Asia flowing in China, India and Bangladesh. The river has different names along its path. It is known as Yarlung Tsangpo in China, and Brahamputra in India. When it enters Bangladesh, it is called Jamuna river before merging with Ganga and finally Meghna when it drains into Bay of Bengal.
Asian Development Bank
It is a Multilateral development bank established on 19th December 1966 with objective to promote social and economic development in Asia. It is headquartered at Manila, Philippines. The President of the bank is Takehiko Nakao. Presently 67 countries are the member of ADB and Japan and United States are the largest shareholders of the bank. Other shareholders include China, India and Australia.