Of Rs 34 billion committed to Bhutan, the Government of India (GoI) released 75 percent as it this week sent Rs 3.61 billion to Bhutan. The donation is a part of Indian contributions to the ongoing 10th plan of Bhutan.
Finance Minister Wangdi Norbu, who received various 11 cheques from Indian Ambassador to Bhutan Pawan K Verma, thanked the GoI for providing the donations at a crucial time.
Minister Norbu expressed his hope that once deposited once those cheques were deposited, that would ease the Rupee crisis, which the country has been facing since a longtime.
The final installment of the committed amount is expected sometimes in October or November.
The 10th plan will complete in June 2013.
