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India releases 2nd tranche of Rs 500 Crore to Bhutan for GyalSung Infrastructure Project

Published on March 29, 2024
Current Context: India has indeed released the second tranche of Rs 500 crore to Bhutan for the development of infrastructure related to the GyalSung Project.
India releases 2nd tranche of Rs 500 Crore to Bhutan for GyalSung Infrastructure Project
  • This comes less than a week after Prime Minister Narendra Modi concluded a fruitful two-day state visit to Bhutan.
  • During his visit, he assured Thimphu of New Delhi’s firm support in its quest for development and agreed to provide Rs 10,000 crore to the Himalayan nation over the next five years.
  • The second tranche was handed over by India’s Ambassador to Bhutan Sudhakar Dalela to Bhutan’s Minister of Foreign Affairs and External Trade, Lyonpo D N Dhungyel.
  • The first tranche of Rs 500 crore was released on January 28 earlier this year.
  • With this, the Government of India has released a total of Rs 1,000 crore to the Government of Bhutan under the Memorandum of Understanding on the concessionary financing arrangements for the GyalSung Infrastructure Project.

Question:

Q.1 Who is the India’s Ambassador to Bhutan?
a. Narendra Modi
b. GyalSung
c. D N Dhungyel
d. Sudhakar Dalela
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