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 »Monthly Archives: April 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. …
Read More »Quality and Development
Have we ever wondered why the highways and roads in developed countries like the US, UK, Japan, and Australia are so good while they are plagued with potholes in our country? A new road that is built today is often filled with potholes and susceptible to damages a few months …
Read More »Bhutanese consumers pay more than export rate for power
While you will pay Nu 2.14 per unit from July 2012 for more than 300 units of power, Bhutan exports power at Nu 1.98 per unit to India. There is also concern that Bhutan’s export tariffs are too low in the context of the rupee crisis. Next time you …
Read More »Regional Trade Office blamed for gas shortage
The shortage of LPG cylinders occurring currently, according to managers at some stations, is due to the fact that since the Regional Trade and Industries Office (RTIO) took over the issuance of cylinders from private distributors, the office is issuing new connections indiscriminately. The RTIO issues 15 new connections …
Read More »Overbilling creeps into border towns
Time and again the Royal Monetary Authority (RMA) has been requesting the public to refrain from dishonoring the INR informal exchange but each time a new problem crops up. This time, the practice of overbilling for goods is creeping into border towns. Overbilling means invoicing in excess of prices or …
Read More »Ten days left for vegetable ban, concerned authorities gearing up
The Prime Minister, Lyonchen Jigmi Y Thinley in recently stated on national television that the government will stop the import of vegetables from 5 May. Ten days remain before the actual halt. However, the decision has invited questions and skepticism from various quarters on its timeliness and feasibility. The month …
Read More »A nature park for each dzongkhag
A few years from now, almost all the twenty dzongkhags in the country might have a nature recreational park each. The success of the pilot Royal Botanical Park (RBP) at Lamperi has given the Department of Forests and Park Services (DoFPS) enough confidence and reasons to start replicating it in …
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The Bhutanese Leading the way.