At ₹2,068 crore, Bhutan gets lion’s share of India’s external aid portfolio
5 months ago

At ₹2,068 crore, Bhutan gets lion’s share of India’s external aid portfolio

Hindustan Times  

Bhutan again garnered the largest share of the Indian government’s external aid portfolio with an outlay of ₹2,068 crore in the budget for 2024-25, which also retained an allocation of ₹100 crore for developing Iran’s Chabahar port. In keeping with the government’s “Neighborhood First” policy, Bhutan was allocated ₹2,068 crore from the total external aid portfolio of ₹4883.56 crore, including soft loans and grants, for foreign countries and projects. The outlay for foreign countries included ₹700 crore for Nepal, ₹400 crore for the Maldives, ₹370 crore for Mauritius, ₹250 crore for Myanmar, ₹200 crore each for Afghanistan and African nations, ₹120 crore for Bangladesh, ₹245 crore for Sri Lanka and ₹40 crore for Seychelles. Similarly, Sri Lanka was provided aid worth only ₹60 crore in the last fiscal, while Seychelles was provided ₹9.91 crore.

India Sri Lanka Nepal Indian Port Crore Aid Seychelles Bhutan External Chabahar Port External Aid  outlay  port  budget  crore  gets  share  portfolio  lanka  lions  bhutan  sri  countries  worth  aid  external  2068  indias

History of this topic

Bhutan King Wangchuck to begin two-day India visit on December 5
2 weeks, 5 days ago

Bhutan King Wangchuck to begin two-day India visit on December 5

Hindustan Times  

NEW DELHI: Bhutan King Jigme Khesar Namgyel Wangchuck will visit India on December 5-6 for meetings with the Indian leadership to review bilateral relations. Wangchuck, who will be accompanied by Queen Jetsun Pema Wangchuck and senior officials, will meet Prime Minister Narendra Modi, external affairs minister S Jaishankar and senior Indian officials during the official visit, the external affairs ministry …

Union Budget 2024-25: Nepal, Sri Lanka, Seychelles get more funds under Budget allocation for MEA
5 months ago

Union Budget 2024-25: Nepal, Sri Lanka, Seychelles get more funds under Budget allocation for MEA

The Hindu  

India-funded projects in the neighbourhood received the bulk of the allocation for the Ministry of External Affairs under the Union Budget presented by Finance Minister Nirmala Sitharaman on Tuesday. Sri Lanka, which has a number of India-funded projects, has received ₹245 crore, an improvement of ₹95 crore over last year’s funding of ₹150 crore. Bhutan and India are close economic …

Which country receives the most aid from India? Union Budget reveals top 10 beneficiaries
5 months ago

Which country receives the most aid from India? Union Budget reveals top 10 beneficiaries

Hindustan Times  

Bhutan has emerged as the top recipient of Indian government aid to foreign countries, according to the Union Budget documents released after finance minister Nirmala Sitharaman presented the Union Budget 2024-25 on Tuesday. Bhutan gets the highest aid as per Union Budget 2024-2025 The budget estimate for the Ministry of External Affairs for FY 2024-25 is ₹22,155 crore. Bhutan gets …

India, Bhutan approve 61 projects worth ₹4,958 crore
5 months ago

India, Bhutan approve 61 projects worth ₹4,958 crore

Hindustan Times  

New Delhi: India and Bhutan have approved 61 projects worth Rs.4,958 crore to be implemented during the Himalayan country’s 13th five-year plan, for which New Delhi is providing Rs.10,000 crore as development support. The projects, covering sectors such as connectivity, infrastructure, energy, health, education, capacity building, industrial parks, sports, digital economy, e-mobility and space technology, were approved during the India-Bhutan …

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable
10 months, 2 weeks ago

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable

The Hindu  

“With India’s current account deficit declining sharply to 1% of GDP in Q2:2023-24 from 3.8% in Q2:2022-23,” RBI Governor Shaktikanta Das on February 8 said going ahead, the net balance under services and remittances would remain in large surplus, partly offsetting the trade deficit. Moreover, with around 10.2% share in world telecommunications, computer and information services exports, India is a …

Interim budget: ₹77 crore jump for Chandigarh PGIMER
10 months, 3 weeks ago

Interim budget: ₹77 crore jump for Chandigarh PGIMER

Hindustan Times  

The Postgraduate Institute of Medical Education and Research was allocated ₹2,200 crore in the interim budget, which is ₹77 crore more than last year’s revised budget estimates. The highest allocation of ₹350 crore was designated for the development of capital assets, against last year’s allocation of ₹343.10 crore. A budget allocation of ₹10 crore was made for the grant-in-aid mirroring …

2024 Interm Budget | Allocations for Social Justice and Tribal Affairs Ministries see a marginal increase
10 months, 3 weeks ago

2024 Interm Budget | Allocations for Social Justice and Tribal Affairs Ministries see a marginal increase

The Hindu  

The Estimates presented by Finance Minister Nirmala Sitharaman for financial year 2024-25 on February 1 left the budgets for Social Justice and Tribal Affairs Ministries largely unchanged with marginal increases seen in the estimated allocations for both ministries compared to the FY 2023-24 Budget Estimates. While ₹14,225 crore has been set aside for the Ministry of Social Justice and Empowerment, …

Year-end travel 2023: Have ₹1 lakh? Go to Bhutan
11 months, 4 weeks ago

Year-end travel 2023: Have ₹1 lakh? Go to Bhutan

Hindustan Times  

Bhutan is so close you can fly from Bagdogra into Paro in 40 minutes or even do a road trip. The monasteries are beautiful, the road signs are funny and no one leaves Bhutan without trekking to Tiger’s Nest Monastery, without eating Ema Datshi and without buying Yak cheese. Must visit: Pungtang Dechen Photrang Dzong, National Museum of Bhutan in …

Will the Adani crisis impact India’s neighbourhood diplomacy | The View from India
1 year, 10 months ago

Will the Adani crisis impact India’s neighbourhood diplomacy | The View from India

The Hindu  

The ongoing crisis affecting the Adani Group, triggered by a January 24, 2023 report from U.S. firm Hindenburg Research that had accused the company of stock manipulation and fraud – charges the Group has denied – has ramifications not only for India’s economy but also on the foreign policy front. While India’s Ministry of External Affairs denied this was the …

Bhutan, G20 summit among top recipients of grant in the Budget
1 year, 10 months ago

Bhutan, G20 summit among top recipients of grant in the Budget

The Hindu  

Bhutan has received the largest share of the amount that the Budget allocated for the Ministry of External Affairs under “Grants and Loans to Foreign Governments”. The annual Budget presented by Finance Minister Nirmala Sitharaman showed India’s commitment to the people and continued humanitarian assistance to Afghanistan, which received ₹200 crore for the coming year. Traditionally, Bhutan has been the …

Sri Lanka foreign reserves dip below $50 million, minister waves red flag
2 years, 7 months ago

Sri Lanka foreign reserves dip below $50 million, minister waves red flag

Hindustan Times  

Sri Lanka finance minister Ali Sabry on Wednesday waved a metaphorical red flag in parliament as the troubled nation's usable foreign exchange reserves dropped below $50 million, increasing worry over its ability to provide food, fuel and other essential goods for citizens, and repay massive foreign debts. READ: Sri Lanka to default on external debt of $51 billion pending IMF …

Lessons from Sri Lanka’s economic crisis
2 years, 8 months ago

Lessons from Sri Lanka’s economic crisis

Hindustan Times  

After decades, refugees fleeing Sri Lanka are once again arriving on the shores of India, this time triggered by what is possibly the island nation’s worst economic crisis. Sri Lanka’s external debt stands at $45 billion, including about $8 billion owed to China, and outstanding international sovereign bonds worth $12.55 billion. Sri Lanka’s finance minister Basil Rajapaksa has worked closely …

India’s Budget: Foreign Policy Priorities
2 years, 9 months ago

India’s Budget: Foreign Policy Priorities

The Diplomat  

India’s budget for 2022-23, which was announced on February 1, envisages a total spending of $527.36 billion, of which $2.24 billion has been allocated for the MEA. India’s budget for 2022-2023 reveals an allocation of $26.74 million in development assistance to Afghanistan for the coming fiscal year, compared to $47 million that was allocated to Afghanistan under President Ashraf Ghani. …

India extends $900 mn aid to Sri Lanka
2 years, 11 months ago

India extends $900 mn aid to Sri Lanka

The Hindu  

India on Thursday confirmed a $400 million currency swap with Sri Lanka while deferring another $500 million due for settlement to the Asian Clearing Union, in a move aimed at helping the island nation witnessing an unprecedented economic crisis. In a tweet on Thursday, the Indian mission in Colombo said High Commissioner Gopal Baglay met Central Bank Governor Ajith Nivard …

Budget 2021: Financial Support Worth Rs 6,251 Crore Will be Given to 10 Countries. See List
3 years, 10 months ago

Budget 2021: Financial Support Worth Rs 6,251 Crore Will be Given to 10 Countries. See List

News 18  

The Indian government will provide financial assistance worth Rs 6,251.65 crore in form of grants and loans to 10 countries in the region. Meanwile, Rs 257 crore has also been allocated to the Personnel Ministry for the next financial year for domestic and foreign training of bureaucrats and augmenting necessary infrastructure, according to the Budget 2021-22 presented by Finance Minister …

Boris Johnson 'plans to cut foreign aid by £5billion to help meet Britain's £210bn Covid bill'
4 years, 1 month ago

Boris Johnson 'plans to cut foreign aid by £5billion to help meet Britain's £210bn Covid bill'

Daily Mail  

Boris Johnson has plans to cut Britain's foreign aid spending by £5billion as the Government looks to cover the £210billion cost of the Covid-19 crisis, according to reports. Britain currently sends 0.7 per cent of its gross national income out as foreign aid to support developing countries around the world. Prime Minister Boris Johnson is said to be considering plans …

India extends soft loan of $250 million to Maldives in largest bilateral financial aid during Covid-19
4 years, 3 months ago

India extends soft loan of $250 million to Maldives in largest bilateral financial aid during Covid-19

India Today  

Indian government on Sunday handed a cheque of USD 250 million as financial assistance to the Maldives. This aid comprised the "largest financial support package announced by a bilateral partner during Covid-19," Maldives Foreign Minister Abdulla Shahid said. With the $1.4 billion financial package announced in Dec 2018 &the cash grants for community projects, this is by far the largest …

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