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Economy to pick up from 2018: World Bank

Real growth outpaced by rapid import growth

Report: The drivers of the country’s economic growth of 6.3 percent in 2014-15 was construction of hydropower dams, tourism, and increased grant-financed capital spending for the 11th Plan, the World Bank’s report, “South Asia economic focus” states.

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Short-term INR loan reduced to Rs 7B from Rs 28.9B

All short term INR loan to be paid by 2018

INR: By the time the government goes to the poll in 2018, it would have cleared all the short term borrowings, which the previous government borrowed when the shortage of Indian Rupee (INR) was at its highest in the 10th Plan.

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CSI sectors record robust growth

Production and manufacturing sector had the highest growth in the first half of the year 

Economy: The cottage and small-scale industries (CSI) created jobs for 4,939 people during the first six months of 2015, according to the CSI department’s half-yearly report.

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Dungsam’s production capacity nears 70 percent

The company will raise another Nu 1.3B through private placement of shares DCCL: The Dungsam Cement Corporation Limited (DCCL) is recovering from the initial hiccups in plant operations, with the company seeing a sudden surge in its production capacity in the last 14 days.

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Potato prices to drop

Officials ask farmer not to hoard the tuber as price could drop further 

Auction: The Food Corporation of Bhutan Limited (FCBL) in Phuentsholing has seen a substantial decrease in the quantity of potato arriving at its auction yard. Corporation’s officials attributed it to hoarding.

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