India launches Rupay Card in Bhutan; 10 MoUs signed
- Indian Prime Minister Narendra Modi is on his visit to Bhutan. There along with PM of Bhutan, Lotay Tshering, our PM Modi has signed 10 MoUs including one power purchase agreement and also launched RuPay Card in Bhutan.
- The launch of RuPay Card in Bhutan will take in two phases. In Phase one- Indian Banks will issue Rupay Card to Indian Travellers traveling to Bhutan. In Phase two- banks of Bhutan will be empowered to issue RuPay cards to Bhutanese citizens to use in India.
- Bhutan is the second country after Singapore, where RuPay card has been launched.
The list of 10 MoUs are:
| No. | Name of MoU/Agreement | Signatories from Indian side | Signatories from Bhutanese side |
|---|---|---|---|
| 1 | MoU between Indian Space Research Organization (ISRO) of the Government of Republic of India and Department of Information Technology and Telecom (DITT) of the Royal Government of Bhutan on the establishment of SATCOM Network for the Utilization of South Asia Satellite | Director, SATCOM-PO, ISRO HQ, Department of Space | Director, DITT, Ministry of Information and Communications |
| 2 | MoU between the Air Accident Investigation Unit (AAIU), Ministry of Information and Communications, Royal Government of Bhutan, and Aircraft Accident Investigation Bureau, Miistry of Civil Aviation, Republic of India on cooperation Relating to Aircraft Accident and Incident Investigation | Mr. Aurobindo Handa, Director-General, Aircraft Accident and Investigation Bureau (AAIB), Ministry of Civil Aviation | Mr. Pemba Wangchuk, Acting Secretary, Ministry of Information & Communications |
| 3 | MoU between National Knowledge Network of India (NKN), National Information center, Ministry of Electronics and Information Technology and Department of Information Technology & Telecom ( Druk Research and Education Network on Peering Agreemnt | R.S. Mani, Project Director, National Knowledge Network | Mr. Jigme Tenzin, Director, DITT, Ministry of Information & Communications |
| 4 | Power Purchase Agreement Between PTC India Limited and Druk Green Power Corporation Limited for Sale and Purchase of Mangdechhu Power | Deepak Amitabh, Chariman and Managing Director, PTC India Limited | Dasho Chhewang Rinzin , Managing Director, Druk Green Power Corporation Limited |
| 5 | MoU between Bhutan National Legal Institute and National Judicial Academy, Bhopal, on cooperation in Judicial Education and Mutual Exchanges | Ms. Ruchira Kamboj, Ambassador of India to Bhutan | Hon. Mr. Judge Lobzang Rinzin Yargay, Director-General, Bhutan National Legal Institute |
| 6 | MoU between Jigme Singye Wangchuck School of Law, Thimphu, Bhutan, and National Law School of India University, Bangalore, India, on enhancing relations between the two parties and seeking to develop academic and cultural interchange in the areas of legal education and research | Prof. (Dr.) MK Ramesh, Vice Chancellor (FAC) | Mr. Sangay Dorjee, Dean, Jigme Singye Wangchuck School of Law |
| 7 | MoU between the Royal University of Bhutan and Indian Institute of Technology, Kanpur | Prof. Abhay Karandikar, Director, Institute of Technology, Kanpur | Mr. Nidup Dorji, Vice Chancellor, Royal University of Bhutan |
| 8 | MoU between the Royal University of Bhutan and Indian Institute of Technology, Bombay | Prof. Subhasis Chaudhari, Director, Indian Institute of Technology, Bombay | Mr. Nidup Dorji, Vice Chancellor, Royal University of Bhutan |
| 9 | MoU between the Royal University of Bhutan and National Institute of Technology, Silchar | Sivaji Bandyopadhyay, Director, National Institute of Technology, Silchar | Mr. Nidup Dorji, Vice Chancellor, Royal University of Bhutan |
| 10 | MoU between the Royal University of Bhutan and Indian Institute of Technology, Delhi | Prof. V. Ramgopal Rao, Indian Institute of Technology, Delhi | Mr. Nidup Dorji, Vice Chancellor, Royal University of Bhutan |
Source: Business Standard and
Points to remember:
- In which country has PM Modi recently launched the RuPay card?