DOCSLIB.ORG

Chapter 1To9 Vol I

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Chapter 1To9 Vol I Investment Opportunity Study –2006, Bhutan # Contents Page No. Executive Summary 2 Volume I A. Country Profile and Economy 6 B. Inventory of Country Resources 9 1. Infrastructure 10 2. Trade & Industry 19 3. Services 31 4. Agriculture and Livestock Sector 41 5. Horticulture Sector 54 6. Wood Sector 63 7. Non-wood Forest Produce 67 8. Tourism Sector 77 9. Mineral Sector 85 C. National Investment Opportunities 96 D. Country SWOT Analysis 106 E. Policy Recommendations 107 E.1 Dzongkhag Level 107 E.2 National Level 110 F. Projects for Further Detailed Study 117 G. Ten Prioritized Potential Projects at National Level 122 Volume II H. Dzongkhag -wise Inventory of Resources, Skills, Infrastructure, Comparative Advantages and Investment Opportunity Ideas Annexure A: List of Institutions/Departments Annexure B: List of References 1 Investment Opportunity Study –2006, Bhutan Executive Summary In keeping with the policy of the Royal Government of Bhutan for enlarging the role of the private sector in the economic development of Bhutan, the Department of Industry, Ministry of Economic Affairs, commissioned this Investment Opportunity Study for the entire country. This required mapping the resources of the entire country for the purpose of identifying investment opportunities, and preparing project profiles for 10 prioritized projects with details on investment, technology, market, global competitiveness, environmental issues and profitability. The study also involved developing an action plan for implementation of the recommendations and generating a list of projects for further detailed studies. This study commenced in February 2006 and the field work was completed in July 2006. The draft report submitted thereafter underwent a number of revisions and modifications primarily to synchronize field data with published information. In general the report is therefore based on 2005 data unless indicated otherwise. The report was finalized in December 2007 after successive reviews, incorporation of various comments and observations from the concerned Ministries and Departments. During the field study, our experts surveyed all the districts of Bhutan to collect at first hand, all possible information on resources, recording the data in a structured questionnaire. Our teams also met the Dzongdags, Planning and other senior officials of the Dzongkhags, for their inputs. After completing the data collection at the Dzongkhag level, the team returned to Thimphu to collect the resources data at the national level, interviewing officials at most of the Ministries, Departments and related Institutions. Our desk research teams researched the official websites of the Royal Government of Bhutan, as well as the reports published by international financial institutions such as the World Bank and the Asian Development Bank. The data was then collated. Where resource data revealed small volumes of commercial insignificance, it was screened out at the Dzongkhag level itself. Discrepancies in data from different sources were identified and some data rejected for lack of authenticity. The meaningful data was compiled into a detailed inventory Dzongkhag-wise, under the different heads of resources, which had been defined in the beginning of the study and approved in the Inception Report. Analysis of the inventory of resources identified exploitable surplus or shortfalls, which presented opportunities for investment. Weaknesses were also identified in the investment environment at the Dzongkhag level. This enabled a ‘SWOT Analysis’ for each Dzongkhag. From a review of the resources at the Dzongkhag level, several investment ideas emerged and these preliminary ideas have been listed for each Dzongkhag, as ‘Investment Opportunity Ideas’. Analysis of the data at the national level is covered in ‘Investment Opportunity Study Volume I’, which presents an overview at the national level, of all the contributory factors that determine the health of the economy of Bhutan and the drivers for its growth. The investment opportunity ideas at the Dzongkhag level were reviewed and concretized into ‘Projects for Further Detailed Studies’, to point out the need for detailed professional evaluation of suggested projects on the basis of their relevance to Bhutan and the major markets in its proximity. Recommendations on project implementation at the National and Dzongkhag levels have been made by our experts, based upon their evaluation of the country’s investment environment and potential. The Study highlighted the clear difference between the opportunities and business environment in the border areas and those in the interior areas. This calls for different approaches to development in the respective areas. 2 Investment Opportunity Study –2006, Bhutan In the southern region, with the availability of a large pool of inexpensive labor from across the border and better access to raw materials and markets for final products, it is more feasible to develop industries that make intensive use of labor and raw materials. In the northern and interior areas, where labour and transport costs (both inward for raw materials and outward for finished products) are appreciably higher, the cost of producing for any, but the local market is prohibitive. A more feasible development strategy for the north would be to focus on niche industries and on services to support labor- intensive industry in the south. Industrial development on the border will create demand for support services for management, accounting, maintenance, information technology services, and the like. Service jobs typically demand higher skill levels than most manufacturing jobs but also provide higher value addition per worker and, thus, higher wages. However, developing a service sector that provides avenues for well-paid employment will require significant investment in the education and training of human resources. New investments in the south can take full advantage of Bhutan’s inexpensive power to develop heavier industries, but there is a note of caution now on the availability of power. Bhutan’s total installed capacity has reached 1488 MW after the commissioning of the Tala Hydropower Project. This figure can shoot up to 1612 MW during the monsoons. However, it drops to 283 MW during the winter months. To have 100% reliable power supply in the kingdom throughout the year, the power consumption is confined to firm power of 283 MW, unless new generating capacity is added, which is unlikely in the immediate future. The interior areas also have the potential to develop niche industries that do not require large inputs of raw materials (particularly from outside of Bhutan) and do not produce heavy finished products that incur high transport costs in export. Niche industries should build as much as possible on the country’s agro-processing base such as maize, potatoes, medicinal herbs, spice oleoresins etc. For niche industries to succeed, quality production will be critical. Thus, if Bhutan is to find its own place in the sun of niche markets, it is imperative that it establishes quality standards and encourages farm productivity improvement training for consistent production. Bhutan could build on one of its significant advantages, by initiating certification for organic status for the agricultural produce of some of its Dzongkhags. Non-traditional niche industries include those based on handicrafts or non-wood resources like fragrances, aromatic and incense. Information technology provides another avenue for investment, along with other industries not heavily dependent on transport or low-cost labor. In both central and southern Bhutan, the development of industries based on locally available surplus resources should be encouraged – this includes agro-processing, tourism, non-wood forest produce based industries. The ten prioritized projects are selected on the basis of the commercially exploitable surplus in resources, to give products, which have good national and international markets. Maize is one of the major surplus crops of Bhutan and offers immense scope for breakfast cereals for the ever-expanding markets in neighbouring India. Thus, the breakfast cereals project has been selected as one of the key investment projects. In Bhutan, horticulture is an important economic activity and the climatic conditions are favorable for seasonable vegetables, which can be sold in the premium category as “out of season” vegetables provided international quality cleaning, grading and packaging is adopted for increasing the shelf life as well as in saving wastage. Thus, the project for fruit and vegetable cleaning, grading and packaging will be one of the important investment projects at national level, catering to local and international markets. Potato is another major produce with a surplus and Bhutanese potatoes being excellent in quality, we suggest a project for producing potato chips and flakes for the international market. Minerals are an important resource for Bhutan. Dolomite is one such mineral, which qualifies as a commercially exploitable resource for production of magnesium carbonate and calcium carbonate. These are in high demand in the neighbouring markets. The proposed project does not have any significant adverse impact on the environment. Horticulture products like chili, cardamom, and ginger are available in surplus quantities and have potential for high value addition by conversion into oleoresins; thus, one of the projects suggested is for manufacture of spices oleoresin for which a large export market exists.
Load more

Recommended publications
  • View English PDF Version
    on ” 1247 17608432 17343588 Please stay alert. Chairperson His Majesty The King Hotline # 4141 Essential Lockdown Eastern COVID-19 Information Stay Home - Stay Safe - Save Lives DZONGKHAG Hotline # Dzongda Incident Commander Eastern COVID-19 Task Force Coordination Office (ECCO) It will undo everything that we have achieved so far. “ A careless person’s mistake will undo all our efforts. TRASHI YANGTSE Name Contact # Zone (Yangtse) Delivery time Delivery Day Order Day Rigney (Rigney including Hospital, RNR, NSC, BOD, 17641121 NRDCL ) 8:00 AM to 12:00 17834589/77218 PM 454 Baechen SATURDAY Retailers 17509633 SUNDAY ( 7:00 AM to 17691083 Main Town (below Dzong and Choeten Kora 12:00 PM to 3:00 6:00 PM) 17818250 area) PM 17282463 Baylling (above Dzong, including Rinchengang till 3:00 PM to 6:00 17699183 BCS) PM 6:00 AM to 17696122 Baylling, Baechen, Rigney and Main Town THURSDAY Vendors 5:00PM ( SATURDAY 6:00 AM to 6:00 Agriculture 6:00 AM to 17302242 From Serkhang Chu till Choeten Kora PM) 5:00PM 6:00 AM to MONDAY 17874349 Rigney & Baechen Zone (Yangtse and Doksum) THURSDAY Yangtse Vendors 5:00PM WEDNESDAY & SATURDAY ( Jomotshangkha Drungkhag -1210 Nganglam Drungkhag - 1195 Samdrupcholing Drungkhkag - 1191 Livestock 6:00 AM to 6:00 AM to 6:00 17532906 Main Town & Baylling Zone PM) 5:00PM TUESDAY & 77885806/77301 2:00 PM to 5:00 LPG Delivery Yangtse Throm TUESDAY & FRIDAY FRIDAY ( 9:00 AM 070 PM to 1:00 PM) Order & Delivery Schedule 17500690 FRIDAY ( Meat Shop Yangtse Throm 7:00 AM to 1:00PM SATURDAY 6:00 AM to 6:00 77624407 PM) Pharmacy 17988376 Doksum & Yangtse Throm As & when As & When / # 3 9 1 3 3 1 3 9 8 9 0 1 6 7 2 8 5 3 6 9 3 8 3 6 8 5 8 2 4 8 5 2 7 t 5 0 7 5 6 0 4 6 5 4 4 1 5 0 8 5 1 2 1 5 c 7 8 9 2 5 9 3 9 4 9 4 6 2 1 7 7 8 8 1 3 a 5 5 0 7 4 2 4 t 0 3 9 5 7 8 9 9 0 6 1 4 8 7 8 5 6 5 3 7 n 5 8 6 6 3 2 6 5 5 8 8 6 8 8 4 4 8 9 5 8 o 7 7 7 7 7 7 7 7 7 7 7 7 7 7 6 7 7 7 7 7 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 C 1 .
    [Show full text]
  • World Bank Document
    Small Area Estimation of Poverty in Bhutan Poverty Mapping Report 2017 Public Disclosure Authorized National Statistics Bureau, Bhutan Poverty and Equity Global Practice, The World Bank Public Disclosure Authorized December 2019 Public Disclosure Authorized Public Disclosure Authorized Acknowledgements: This report and the poverty map estimation was authored by Dung Doan (Consultant, The World Bank), in collaboration with the National Statistics Bureau (NSB) of Bhutan. The preparation of the report was led by Yeon Soo Kim (Economist, The World Bank). Benu Bidani (Practice Manger, The World Bank) and Chhime Tshering (Director, NSB) provided overall guidance to the team. Helpful comments and technical guidance were provided by Minh Cong Nguyen (Senior Data Scientist, The World Bank) and Paul Andres Corral Rodas (Data Scientist, The World Bank) and are gratefully acknowledged. Abbreviations BIC Bayesian Information Criterion BLSS Bhutan Living Standards Survey PHCB Population and Housing Census of Bhutan CI Confidence Interval GNHC Gross National Happiness Commission NSB National Statistics Bureau SE Standard Error SD Standard Deviation I. Introduction Bhutan has made great strides in reducing poverty over the last decade. The official national poverty rate declined from 23.2 percent in 2007 to 8.2 percent in 2017; most of this improvement came from rural areas with rural poverty decreasing from 30.9 to 11.9 percent during this period. This is particularly remarkable given a largely agrarian economy and the challenges arising from sparse population settlement patterns. However, there are large differences in poverty levels across Dzongkhags. A good understanding of the geographic distribution of poverty is of great importance to guide policies to realize Gross National Happiness – Bhutan’s development philosophy that emphasizes a holistic and inclusive approach to sustainable development.
    [Show full text]
  • Geographical and Historical Background of Education in Bhutan
    Chapter 2 Geographical and Historical Background of Education in Bhutan Geographical Background There is a great debate regarding from where the name of „Bhutan‟ appears. In old Tibetan chronicles Bhutan was called Mon-Yul (Land of the Mon). Another theory explaining the origin of the name „Bhutan‟ is derived from Sanskrit „Bhotanta‟ where Tibet was referred to as „Bhota‟ and „anta‟ means end i. e. the geographical area at the end of Tibet.1 Another possible explanation again derived from Sanskrit could be Bhu-uttan standing for highland, which of course it is.2 Some scholars think that the name „Bhutan‟ has come from Bhota (Bod) which means Tibet and „tan‟, a corruption of stan as found in Indo-Persian names such as „Hindustan‟, „Baluchistan‟ and „Afganistan‟etc.3 Another explanation is that “It seems quite likely that the name „Bhutan‟ has come from the word „Bhotanam‟(Desah iti Sesah) i.e., the land of the Bhotas much the same way as the name „Iran‟ came from „Aryanam‟(Desah), Rajputana came from „Rajputanam‟, and „Gandoana‟ came from „Gandakanam‟. Thus literally „Bhutan‟ means the land of the „Bhotas‟-people speaking a Tibetan dialect.”4 But according to Bhutanese scholars like Lopen Nado and Lopen Pemala, Bhutan is called Lho Mon or land of the south i.e. south of Tibet.5 However, the Bhutanese themselves prefer to use the term Drukyul- the land of Thunder Dragon, a name originating from the word Druk meaning „thunder dragon‟, which in turn is derived from Drukpa school of Tibetan Buddhism. Bhutan presents a striking example of how the geographical setting of a country influences social, economic and political life of the people.
    [Show full text]
  • Eastern Bhutan Circuit 1: Tourism Development Plan Mongar, Lhuentse, and Trashiyangtse
    Eastern Bhutan Circuit 1: Tourism Development Plan Mongar, Lhuentse, and Trashiyangtse DRAFT Beyond Green Travel LLC Table of Contents List of Abbreviations ................................................................................................................... 4 Executive Summary ..................................................................................................................... 5 I. Introduction ........................................................................................................................... 17 a. Bhutan in the Global Tourism Market ............................................................................. 17 b. Purpose and Scope of Work ............................................................................................. 20 c. Methodology .......................................................................................................................... 21 d. Market Analysis and Age Demographic ......................................................................... 23 e. Gender and Vulnerability ................................................................................................... 25 f. Strategy Overview ................................................................................................................ 27 II. Introduction to the Circuit 1 Eastern Dzongkhags of Mongar, Lhuentse, and Trashiyangtse ....................................................................................................................... 27 a. Introduction to
    [Show full text]
  • Gross National Happiness Commission the Royal Government of Bhutan
    STRATEGIC PROGRAMME FOR CLIMATE RESILIENCE (SPCR) UNDER THE PILOT PROGRAMME FOR CLIMATE RESILIENCE (PPCR) Climate-Resilient & Low-Carbon Sustainable Development Toward Maximizing the Royal Government of Bhutan’s Gross National Happiness GROSS NATIONAL HAPPINESS COMMISSION THE ROYAL GOVERNMENT OF BHUTAN FOREWORD The Royal Government of Bhutan (RGoB) recognizes the devastating impact that climate change is having on Bhutan’s economy and our vulnerable communities and biosphere, and we are committed to address these challenges and opportunities through the 12th Five Year Plan (2018-2023). In this context, during the 2009 Conference of the Parties 15 (COP 15) in Copenhagen, RGoB pledged to remain a carbon-neutral country, and has successfully done so. This was reaffirmed at the COP 21 in Paris in 2015. Despite being a negative-emission Least Developed Country (LDC), Bhutan continues to restrain its socioeconomic development to maintain more than 71% of its geographical area under forest cover,1 and currently more than 50% of the total land area is formally under protected areas2, biological corridors and natural reserves. In fact, our constitutional mandate declares that at least 60% of Bhutan’s total land areas shall remain under forest cover at all times. This Strategic Program for Climate Resilience (SPCR) represents a solid framework to build the climate- resilience of vulnerable sectors of the economy and at-risk communities across the country responding to the priorities of NDC. It also offers an integrated story line on Bhutan’s national
    [Show full text]
  • Royal Government of Bhutan Ministry of Finance
    ROYAL GOVERNMENT OF BHUTAN MINISTRY OF FINANCE COMPENSATION RATES - 2017 DEPARTMENT OF NATIONAL PROPERTIES PROPERTY ASSESSMENT AND VALUATION AGENCY C O N T E N T S Sl. No. P A R T I C U L A R S Page No. 1. A – Rural Land Compensation Rates 2017 a) Kamzhing (Dry Land) 1 b) Chhuzhing (Wet land) 2 c) Ngultho Dumra (Cash Crop Land) 3 d) Class A1(Land close to Thromde) 4 2. Factors determining Rural Land Compensation 5 3. B – Urban Land Compensation Rates 2017 a) Thimphu Thromde 6 b) Phuntsholing Thromde 7 c) Gelephu Thromde 8 d) Samdrup Jongkhar Thromde 9 e) Samtse Thromde 10 f) Damphu Throm de 11 g) Rest of the Dzongkhag Thromdes 12 h) Yenlag Thromdes 13 i) Sarpang Yenlag Thromde 14 j) Duksum Yenlag Thromde 15 k) Specific Towns 15 4. Factors determining Urban Land Compensation 15 5. Guideline on Compensation rate for building 16 6. Implementation Procedure 16 7. C – Agricultural Compensation Rates 2017 a. Compensation Rates for Fruit Trees 17 b. Compensation Rate for Developed Pasture 18 c. Compensation Rate for Fodder Trees 18 d. Land Development Cost of Chhuzhing 18 e. Formula for working out Compensation of Forest Trees 18 8. Format for Rural Land Valuation 19 9. Format for Urban Land Valuation 20 ROYAL GOVERNMENT OF BHUTAN MINISTRY OF FINANCE Department of National Properties Property Assessment & Valuation Agency A - Rural Land Compensation Rates 2017 (a) For Rural Kamzhing Land Amount Nu./decimal Sl. No. Dzongkhag Class A Class B Class C 1 Bumthang 9,130.90 6,391.63 3,852.13 2 Chhukha 6,916.18 4,841.33 3,112.89 3 Dagana 5,538.22 3,876.75
    [Show full text]
  • Continuing Customs of Negotiation and Contestation in Bhutan
    Continuing Customs of Negotiation and Contestation in Bhutan Adam Pain and Deki Pema∗∗ Introduction A concern for the maintenance of traditional values and customs in the processes of modernisation within Bhutan is evident in much of Bhutan’s official documentation. The fundamental importance given to the maintenance and fostering of Buddhism, its beliefs and associated institutions reflected in Bhutan’s rich culture, is constantly returned to and emphasized in commentary. Thus the establishment of the Special Commission for Cultural Affairs in 1985 “is seen as a reflection of the great importance placed upon the preservation of the country’s unique and distinct religious and cultural traditions and values, expressed in the customs, manners, language, dress, arts and crafts which collectively define Bhutan’s national identity” (Ministry of Planning, 1996, p.193). Equally the publication of a manual on Bhutanese Etiquette (Driglam Namzhag) by the National Library of Bhutan was hopeful that it “would serve as a significant foundation in the process of cultural preservation and cultural synthesis” (Publishers Forward, National Library, 1999). One strand of analysis that could be pursued concerns the very construct of “traditional” and what is constituted as “within” or “without” that tradition. As Hobsbawm (1983) reminds us with respect to the British Monarchy, much of the ceremonial associated with it is of recent origin. Equally national flags, national anthems and even the nation state, are, as Hobsbawm would have it, “ invented traditions” designed largely to “ inculcate certain values and norms of behaviour by repetition, which automatically implies continuity with ∗ Research Fellow, School of Development Studies, University of East Anglia & Planning Officer, Policy & Planning Division, Ministry of Agriculture, Thimphu 219 Continuing Customs of Negotiation and Contestation in Bhutan the past” (op.
    [Show full text]
  • Third Five Year Plan Introduction, Planning Commission
    Forward The process of planned economic development in Bhutan started more than a decade ago. With the decade ending March, 1071, we have implemented two Five Plans. We are now in the midst of our Third Five Year Plan which was launched in April, 1972. This is the first time that we have printed our Plan document. With Our membership of the United Nations there has been an all-round increase of interest in Bhutan and it is, therefore, only appropriate that interested people should be able to know of our efforts to modernise our country and bring a measure of prosperity to our people. We are following a system of Annual Plans which enables us to review the progress of various schemes and shift the priorities where necessary. In this context, it would not be much relevant to include year- wise phasing of various programmes and we have, therefore, in this document confined our selves only to the Plan outlay as a whole. I take this opportunity to warmly thank the Government of India for their generous assistance not only in terms of money but also in providing technical personnel. While we are making determined efforts to plan our manpower requirements and orient the same to our development needs, it will be sometime before these efforts will bear fruit. CHAPTER I Introduction 1.1 The Kingdom of Bhutan, known as the 'Dragon Land' is situated in the heart of the Himalayas and has an area of about 18,000 sq. miles, roughly between 26.5 and 28.5 degree latitude and between 88 and 92 degree longitude.
    [Show full text]
  • Farming and Biodiversity of Pigs in Bhutan
    Animal Genetic Resources, 2011, 48, 47–61. © Food and Agriculture Organization of the United Nations, 2011 doi:10.1017/S2078633610001256 Farming and biodiversity of pigs in Bhutan K. Nidup1,2, D. Tshering3, S. Wangdi4, C. Gyeltshen5, T. Phuntsho5 and C. Moran1 1Centre for Advanced Technologies in Animal Genetics and Reproduction (REPROGEN), Faculty of Veterinary Science, University of Sydney, Australia; 2College of Natural Resources, Royal University of Bhutan, Lobesa, Bhutan; 3Department of Livestock, National Pig Breeding Centre, Ministry of Agriculture, Thimphu, Bhutan; 4Department of Livestock, Regional Pig and Poultry Breeding Centre, Ministry of Agriculture, Lingmithang, Bhutan; 5Department of Livestock, Regional Pig and Poultry Breeding Centre, Ministry of Agriculture, Gelephu, Bhutan Summary Pigs have socio-economic and cultural importance to the livelihood of many Bhutanese rural communities. While there is evidence of increased religious disapproval of pig raising, the consumption of pork, which is mainly met from imports, is increasing every year. Pig development activities are mainly focused on introduction of exotic germplasm. There is an evidence of a slow but steady increase in the population of improved pigs in the country. On the other hand, indigenous pigs still comprise 68 percent of the total pig population but their numbers are rapidly declining. If this trend continues, indigenous pigs will become extinct within the next 10 years. Once lost, this important genetic resource is largely irreplaceable. Therefore, Government of Bhutan must make an effort to protect, promote and utilize indigenous pig resources in a sustainable manner. In addition to the current ex situ conservation programme based on cryopre- servation of semen, which needs strengthening, in situ conservation and a nucleus farm is required to combat the enormous decline of the population of indigenous pigs and to ensure a sustainable source of swine genetic resources in the country.
    [Show full text]
  • Sarpang Dzong Construction Project
    Dzong Construction Project, Sarpang Sarpang Dzong Construction Project Division for Conservation of Heritage Sites Department of Culture Ministry of Home and Cultural Affairs. Division for Conservation of Heritage Sites, Department of Culture. Page 1 Dzong Construction Project, Sarpang Location: Sarpang Tar, Sarpang Main Objectives of the Project: To construct a new Dzong with facilities and services to function as centre of Dzongkhag Administration and to house the Dzongkhag Rabdhey for Sarpang Dzongkhag. Main activities of the Project: 1. Preparation of Design and Drawings (Architectural, Structural, Plumbing, Electrical & Fire hydrant) 2. Preparation of BoQ and Estimates 3. Construction of the Dzong including furnishing and fixtures. 4. Construction of Tendrelthang complex 5. Construction of Neykhang complex 6. Landscaping and Site Developments Funding Agency: Government of India. Total allocated budget in 11thFYP (July 2014-June 2018) Nu. 200 Million Executive Agency of the Project: The Ministry of Home and Cultural Affairs is the main executing agency of the Project. Under the chairmanship of the Secretary of the Ministry of Home and Cultural Affairs, Dzong Construction Project, Saprang Steering Committee is responsible for discharging administrative, technical, financial and organizational duties of the project. The members of the project steering committee are: 1. Secretary, Ministry of Home and Cultural Affairs 2. Dzongdag, Sarpang Dzongkhag 3. Lam Neten, Sarpang Rabdey 4. Director General, Department of Culture 5. Head, PPD / AFD, MoHCA 6. Representative, GNHC 7. Representative, Ministry of Finance 8. Representative, Dept. of Forest & Park Services 9. Representative, NRDCL Division for Conservation of Heritage Sites, Department of Culture. Page 2 Dzong Construction Project, Sarpang 10. Head, DCHS, Dept.
    [Show full text]
  • PA-Report-On-Government-Vehicles
    The Royal Audit Authority conducted the audit in accordance with the International Standards of Supreme Audit Institutions (ISSAIs) based on the audit objectives and criteria determined in the audit plan and programme prepared by the Royal Audit Authority. The audit findings are based on our review and assessment of the information and documents made available by 10 Ministries, 34 Autonomous agencies and 20 Dzongkhags. Hon'ble Secretary Ministry of Finance Thimphu Subject: Report on 'Review of Government Vehicles and Foreign Vehicle Quota System' Sir, Enclosed herewith, please find a copy of the report on 'Review of Government Vehicle and Foreign Vehicle Quota System' covering the period 2013-14 to 2016-11. The Royal Audit Authority (RAA) conducted the audit under the mandate bestowed by the Constitution of Kingdom of Bhutan and the Audit Act of Bhutan 2018. The audit was conducted as per the International Standards of Supreme Audit Institutions on performance auditing (ISSAI3000). The audit was conducted with the following audit objectives: S To review and assess the adequacy of legislation and policy framework to plan, organize, control, direct, coordinate and manage government vehicles and foreign vehicle quota system; $ To ascertain some of the financial and economical implication of the foreign vehicle quota system; # To assess whether the allotment of government vehicles to the agencies are based on the mandate and responsibilities of the agencies; S To assess the adequacy of the controls to ensure economic use of government vehicles; S To assess the extent to which the budgetary agencies are complying with the applicable rules, regulations, policies, procedures and guidelines in place; S To evaluate the monitoring and coordination mechanism instituted to monitor the movement of government vehicles; and S To evaluate the completeness and accuracy of Government vehicle and foreign vehicle quota system database.
    [Show full text]
  • Postal Himal
    Postal Himal QUARTERLY JOURNAL OF THE NEPAL AND TIBET PHILATELIC STUDY CIRCLE NTPSC Homepage (courtesy of Rainer Fuchs) http://fuchs-online.com/ntpsc In Memory of all who died or were injured in the Earthquakes in Nepal and Tibet Saturday April 25, 2015 Tuesday May 12, 2015 Number 162 2rd Quarter 2015 Postal Himal No. 162 1 2rd Quarter 2015 American Philatelic Society Affiliate #122 British Philatelic Federation Affiliate #435 Membership subscriptions run from January through December of each year. Dues should be paid in local currency at the prevailing exchange rate to the Society representative in your area. Area One Year Three Years Lifetime USA/Canada $20.00 $50.00 N/A PayPal for USA/Canada $21.20 $53.00 All Others £18.00 or €22,00 £45.00 or €55,00 N/A PayPal for All Others £19.08 or €23,32 £47.70 or €58,30 Email anywhere $10.00 or £6.00 or €7,50 $25.00 or £15.00 or €18,75 N/A PayPal for Email anywhere $10.60 or £6.36 or €7,95 $26.50 or £15.90 or €19,88 Secretary: Mr. Colin T. Hepper, 12 Charnwood Close, Peterborough, Cambs. PE2 9BZ , UK Phone 01733-349403 email: [email protected] Editor: Mr. Richard M. Hanchett, 6 Rainbow Court, Warwick, RI 02889-1118, USA Phone (401) 738 0466 email: [email protected] The Board of Directors: President: Mr. Colin T. Hepper Vice President: Danny Kin Chi Wong Secretary: Mr. Colin T. Hepper Treasurer: Mr. Colin T. Hepper Members at large: Mr.
    [Show full text]