India to provide funds worth Rs 1.5 billion to Bhutan

THIMPHU: India will provide funds worth Rs 1.5 billion to Bhutan for various development works.

Bhutan's economic body Gross National Happiness Commission, yesterday signed 10 cheques amounting to Rs 1.5 billion with Indian government officials.

The amount comprised funds due for works completed under Bhutan's 10th five-year plan.

This leaves another Rs 1.5 billion to be received from India under the 10th plan covering around 95 per cent of the total commitment made under the plan, according to a release from the commission.