Prime Minister Narendra Modi’s Bhutan Visit

During the visit of the Prime Minister of India to Bhutan, both the countries reiterated their commitment to maintain close coordination on matters affecting each other’s security and national interests.

The two countries inked 10 Memorandum of Understanding (MoUs) in the fields of space research, aviation, IT, power and education to infuse new energy in their ties.

Both sides emphasised the importance of “hydro-power development” as one of the most important areas of mutually beneficial bilateral cooperation.

The two Prime Ministers formally inaugurated the recently completed 720 MW Mangdechhu Hydroelectric Plant and resolved to continue working together to expedite the completion of other ongoing projects such as Punatsangchhu-1, Punatsangchhu-2 and Kholongchhu

Both the leaders agreed to collaborate on the joint development of a small satellite for Bhutan.

The two countries agreed to further expand bilateral trade and investment.

The Prime Minister of India assured the Bhutan Prime Minister of “positive consideration” of Bhutan’s request for enhancement of the currency swap limit under the SAARC Currency Swap Framework.

As an interim measure, he offered an additional USD 100 million of currency swap under the Standby Swap Arrangement.

The Union Cabinet had, on March 1, 2012, approved the framework on currency swap arrangement for SAARC member-countries with the intention to provide a line of funding for short-term foreign exchange requirements or to meet balance of payments crises till longer term arrangements are made or the issue is resolved in the short-term itself.

India has also incorporated a $400-million ‘Standby Swap’ facility within the existing approved overall $2 billion currency swap arrangement for SAARC member-countries.

This incorporation of ‘Standby Swap’ provides the necessary flexibility to the current ‘framework on currency swap arrangement’ and enable India to provide a prompt response to the request from SAARC member- countries for availing themselves of the swap amount exceeding the present limit prescribed under the SAARC Swap Framework.

India announced the increase in scholarships for Bhutanese students for studies at Nalanda University from 2 to 5.

Both the leaders launched the facility for use of Indian RuPay cards in Bhutan, which would facilitate Indians’ travel to Bhutan by reducing the need to carry cash, boost the Bhutanese economy and further integrate the two economies

They also agreed for a feasibility study on the use of India’s Bharat Interface for Money (BHIM) app in Bhutan to promote cashless payments between the two countries.

The two Prime Ministers also inaugurated in Thimphu the Ground Earth Station of the South Asian Satellite, constructed with the support of the Indian Space Research Organisation (ISRO).

General Studies of Rajasthan-All in One

UPSC IAS Prelims Exam – 2020

UPSC IAS Mains Exam – 2019

RPSC RAS Prelims Exam

RPSC RAS Mains Exam

General Knowledge

Current Affairs

General Studies of Rajasthan-All in OneCurrent Affairs Quarterly (June-August) 2019 Study Magazine in HindiCurrent Affairs Yearbook 2019-Polity and Governance Special Issue 
Geography and Environment-Current Affairs 2019 Yearbook Special Issue  Current Affairs Rajasthan Yearbook 2019 For RPSC and RSMSSB ExamsCurrent Affairs Question Bank March-July 2019
Current Affairs Study Notes January-August 2019HSSC Haryana Police Constable 2019-20 Solved Test PaperHSSC Clerk Recruitment Exam 2019-20 Practice Solved Test Paper  
Half Yearly Current Affairs Question Bank: January – July 2019Electrical Engineering Objective Question Bank for All Competitive Exams500+ Current Affairs MCQ for All Competitive Exams 2019  
UPSC IAS Prelims last 10 years solved questions GS Paper-IEconomy of Rajasthan Complete Study Notes with Practice MCQAdministrative Ethics-RPSC RAS Mains Exam GS Paper-2  
UPSC IAS Mains Exam GS Paper-IV Ethics Integrity and Aptitude Complete Study Notes  RPSC RAS Mains Exam GS Paper-2 Study NotesRPSC RAS Mains Exam GS Paper-I Study Notes
UPSC IAS Mains GS Paper-3 Study Notes with Practice QuestionsRevision Notes: Environment and EcologyIAS Prelims 2020: Art and Culture Revision Notes    
UPSC IAS Mains Exam GS Paper-2 Complete Study Notes  Geography of Rajasthan Complete Study Notes- HindiRPSC RAS Mains Art and Culture Practice Solved Question
UPSC IAS Mains Exam GS Paper-I Complete Study Notes with Practice Questions  Art Culture and Heritage of Rajasthan Complete Study NotesHistory of Rajasthan Complete Study Notes
Polity and Administration of Rajasthan Complete Study Notes Geography of Rajasthan Study notes with MCQ2000 Solved MCQ for IAS Preliminary Exam 2020:GS Paper-I
RPSC RAS Mains Exam Practice Solved Test-3  RAS MAIN EXAM PRACTICE  TEST-2RPSC RAS Mains Exam Practice Solved Test-1
Polity & Administration of Rajasthan Solved Practice Question  RAS MAINS EXAM ECONOMY SOLVED QUESTIONSGeography of Rajasthan Solved Question for RPSC RAS Mains Exam
History Of India Practice Question Bank  Indian Polity Question Bank eBookGeography of India Question Bank

Leave a Reply