India to give Rs 1,984 cr to Bhutan
India will provide a Rs 1,984 crore assistance package to Bhutan, a Himalayan kingdom, for its IXth five year plan ending 2007.
By PTI |
NEW DELHI: India will provide a Rs 1,984 crore assistance package to Bhutan, a Himalayan kingdom, for its IXth five year plan ending 2007.
The decision will lead to continued strengthening of India-Bhutan relations based on "our strategic and economic interests in an area of high geopolitical sensitivity", said an official statement issued after a cabinet meeting.
The package, cleared at the meeting chaired by Prime Minister Manmohan Singh, would be funded from the non-plan budget of External Affairs Ministry.
The assistance to Bhutan for the plan period (July 2002-June 2007) would comprise development subsidy of Rs 710 crore, project tied assistance of Rs 734 crore and other subsidies and refunds of Rs 540 crore, the statement
The decision will lead to continued strengthening of India-Bhutan relations based on "our strategic and economic interests in an area of high geopolitical sensitivity", said an official statement issued after a cabinet meeting.
The package, cleared at the meeting chaired by Prime Minister Manmohan Singh, would be funded from the non-plan budget of External Affairs Ministry.
The assistance to Bhutan for the plan period (July 2002-June 2007) would comprise development subsidy of Rs 710 crore, project tied assistance of Rs 734 crore and other subsidies and refunds of Rs 540 crore, the statement
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