Saturday, June 7, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Government to lift moratorium on vehicle imports and housing construction loan

May 18, 2024
in Economy, Other Stories
Reading Time: 2 mins read
0
0
SHARES
30
VIEWS
Share on FacebookShare on Twitter

During the launch of the Economic Stimulus Programme today, the prime minister announced that the moratorium on housing construction loan, as well as vehicle imports, will be lifted on July 1st and August 18th, respectively. According to the prime minister, the Royal Monetary Authority made this decision after observing improvements in the country’s economy.

The Ministry of Finance imposed a moratorium on the import of selected vehicles in 2022. The moratorium has since been extended three times.

According to the finance ministry, the extensions were made to protect the country’s foreign currency reserves.

Figures from the central bank show that as of December last year, the total external reserve, which includes Indian Rupees and monetary gold, was almost USD 600 M.

Similarly, the moratorium on housing construction loan was implemented in June last year and was extended in January this year.

Prime Minister Tshering Tobgay said that the Royal Monetary Authority has decided to lift these moratoriums, considering the current economic situation in the country.

“The RMA decided to lift the moratorium because they believe the situation has improved. While there are still concerns to be aware of, it is important to understand that the moratoriums would not be lifted if there were significant risks involved.”

However, the prime minister clarified that the announcement does not mean that people can immediately begin ordering vehicles.

“Vehicle imports will only be permitted after August 18th. This precaution is in place due to the possibility that import restrictions might be re-imposed later on. Therefore, any orders for vehicles can only be placed starting from the 18th of August.”

He added that studies are currently underway to determine the number of vehicles Thimphu Thromde can accommodate.

The prime minister said that the research aims to identify necessary plans and policies to manage the increased number of vehicles effectively.

These studies, he said, will be completed before the moratorium is lifted.

Dechen Choden

Edited by Sherub Dorji

Previous Post

Government launches Economic Stimulus Programme

Next Post

Study reveals presence of Himalayan wolves in country, need for conservation action

Next Post
Study reveals presence of Himalayan wolves in country, need for conservation action

Study reveals presence of Himalayan wolves in country, need for conservation action

Vehicle ownership transfers on rise since 2021

Vehicle ownership transfers on rise since 2021

Damaged water pipeline and fencing hamper Chudawong commercial vegetable farm progress, Trashigang

Damaged water pipeline and fencing hamper Chudawong commercial vegetable farm progress, Trashigang

Please login to join discussion

RECOMMENDED NEWS

Two detained for possessing contraband substance

11 years ago
1

Men’s cricket team set to play ACC Challenger Cup in Thailand

1 year ago
2
Schools in Bumthang to open from February 15

Motor vehicle accident claims a life, Monggar

4 years ago
7

11 years ago
2

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (277)
  • Education (412)
  • Entertainment (13)
  • Environment (60)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (6)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (515)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September
  • Bhutan begins NFT sales, to preserve heritage
  • City bus viability raised in parliament, MoIT minister cites past privatisation failures
  • Paro MP questions airport expansion impact on affected landowners

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.