Sunday, June 8, 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

Cabinet approves ESP implementation strategy

December 5, 2013
in Uncategorized
Reading Time: 2 mins read
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

CabinetThe 16th Lhengye Zhungtshog (Cabinet Meeting) approved the Implementation Strategy of the Economic Stimulus Plan (ESP). The meeting was held yesterday.

A news release from the Cabinet Secretariat says as required by law, the government will be seeking the approval of Parliament to use the Economic Stimulus Plan fund during the next session of Parliament.

The release also said that the overall objective of the Economic Stimulus Plan is to re-invigorate the economy through Special Support Schemes (SSS), easing rupee situation and improving balance of payments, and by restarting loans.

The injection of funds would be done in the following areas:

1. SSS: Nu. 1,000 million (20%)
2. Debt: Nu. 2,100 million (42%)
3. Revolving fund I: Nu. 1,500 million (30%)
4. Revolving fund II: Nu. 400 million (8%)

According to the press release, the ESP will cover the formal lending sector, cottage and small industries and manufacturing and production, non-formal activities and SSS. The priority sectors would comprise of import substitution, earning forex and enhancing export potential, providing employment and expanding techno-commercial viability.

The revolving fund I, according to the release, would be targeting like cottage and small industries, manufacturing and production whereas the revolving fund II will be specified for non-formal activities, individuals and cooperatives, and rural enterprises.

Some of the SSS are: Higher Education Support Scheme; Senior Citizens Support Scheme; Guaranteed Employment Support Scheme.

The release also states that the ESP is expected to spur economic growth, which will generate employment, enhance productive capacity and improve balance of payment situation. “To maintain the momentum of ESP activities and to ensure long-term sustainability, fiscal and monetary measures and other back stopping support will accompany the ESP.”

The government so far has received 1 billion Rupees out of 5 billion committed by Government of India for the Economic Stimulus Plan.

The Cabinet has decided that the ESP budget would be allocated and used with the consent of the ESP Task Force.

The ESP Taskforce is co-chaired by Joint Secretaries of the Ministry of Finance and the Ministry of Economic Affairs.

Previous Post

Deaf Education Unit gets a hostel and academic building

Next Post

Volunteerism in Bhutan

Next Post

Volunteerism in Bhutan

Seminar on inclusive education ends

Please login to join discussion

RECOMMENDED NEWS

Mendrelgang village in Pema Gatshel receives support, easing residents’ fear of losing their lives to landslide

Mendrelgang village in Pema Gatshel receives support, easing residents’ fear of losing their lives to landslide

2 years ago
3

His Majesty grants audience to Kuwait Minister

11 years ago
1

Chess Olympiad sparks a surge of interest in chess among youth

3 years ago
1
Stone-crushing plants in Gelephu halt operations

Stone-crushing plants in Gelephu halt operations

3 years ago
15

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 (278)
  • Education (413)
  • Entertainment (13)
  • Environment (61)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (9)
  • 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 (516)
  • 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

  • Phuentshogling Thromde installs reverse vending machine to promote recycling
  • Fixed deposit interest to be taxed at 10% under proposed Income Tax Bill
  • Yonphula Specialised Rehabilitation School to open next month
  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September

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.