English | Dzongkha Friday, March 27, 2015

A ready market for farmers

A ready market for farmers

The agriculture ministry will no longer provide free seeds and fertilisers to the farmers. Instead, the ministry will be initiating a new programme through which, it will directly buy rice grains from farmers and sell it in the market.

Country’s debt higher than its GDP

Country’s debt higher than its GDP

Even after all the short-term loans with commercial banks in India have been cleared, the total liability of the economy has reached a size that is higher than the total value of all the goods and services in the country today.

Share trading records Nu 40M drop

Trading

Besides being one of the smallest stock exchanges in the world, the Royal Securities Exchange of Bhutan is seeing a decline in the number of people buying and selling shares of the local listed companies.

Ferro silicon industries closing shop soon?

Ferro silicon industries closing shop soon---

Ferro silicon industries in the country are experiencing one of the worst slowdown in their businesses with most of them contemplating closing shop.

Inflation at its low since last September

Inflation at its low since last September-

Price of goods and services remained more or less the same in January this year compared to the previous month, according to the consumer price index published today by the National Statistics Bureau.

Bhutan gearing towards commercial farming

Ssubsistence-farming-to-commercial-framing

Provision of transport subsidy and initiating farmers’ cooperative, will lead to a shift from the current subsistence to commercial farming, according to the agriculture ministry. While it is expected to boost the sector’s growth rate from the current two percent, it might take at least three years for the transition towards commercial farming.

T-bill coupon rate to be determined by market forces

T-bill-

Unlike in the past, the coupon rate on Treasury bill which is its interest will be determined by market forces. This is being done, given the financial system experiencing excess liquidity.

Fuel price hiked by Nu 3

Fuel-Hike

Petrol and diesel prices were hiked by around Nu 3 a liter by today morning. India revised their fuel price by the same rate Saturday.

Restrictions result in reduced indirect tax collection

Restrictions result in reduced indirect tax collection-

The freeze on construction loans and ban on import of cars, besides other restrictive fiscal and monetary measures, did not only suppress economic growth, but also affected government’s revenue collection.

CRR revised to 10%

RMA-Cash Reserve Ratio

In light of excess liquidity in the financial system, the Royal Monetary Authority (RMA) had issued a notification to revise the Cash Reserve Ratio (CRR) of financial institutions from the existing 5 percent to 10 percent.

BBSC 2014