The Bhutanese Leading the way.
The task force on rupee shortage recommends the vehicle quota for civil servants be done away with, ‘green tax’ of 40% be imposed on all imported vehicles, and five percent green tax on fuel imports The task force to study the reasons behind the rupee shortage and suggest solutions was …
Read More »Daily Archives: 04/28/2012
FCB asks for Nu 1.3 mn a week to import essential vegetables after ban
The Prime Minister’s statement on national television that there will be a ban on vegetable imports from 5 May has now been considerably modified. As per the latest reports, the Royal Monetary Authority (RMA) will be withholding rupee for vegetable imports from 19 May, 2012. In the meantime, the Department …
Read More »Bhutan-India agreement on equal share of carbon credit revenue unfair, say experts
Bhutan and India have agreed to have equal share to the revenue that the former’s hydropower projects would earn through carbon credits under Clean Development Mechanism (CDM) project of the United Nations Framework Convention on Climate Change (UNFCCC). CDM allows emission reduction projects in developing countries to earn a …
Read More »Bhutan to import cement in the face of severe crunch
With Penden Cement Authority Limited (PCAL), the main supplier of cement to hydro projects across the country currently facing a severe supply crunch, it has placed an order for 5,000 MT of cement with ACC in Orissa, a top brand Indian cement company, in addition to the already imported lot. …
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