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State dominated economy hinders private sectors: World Bank

The state’s dominance of the economy has not only constrained private sector development but also distorted the market, according to the World Bank. A working paper of the World Bank, ‘Bhutan Development Report-A Path to Inclusive and Sustainable Development,’ states that due to Bhutan’s small domestic market, sparse population, and high transportation costs, the risks associated with private investment are comparatively higher.

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Treatment plant inaugurated but not operational 

Officials inspect the manholes at the treatment plant, which would be used to de-sludge the tank at the eco-friendly treatment plant at Hejo, Thimphu yesterday

An eco-friendly wastewater treatment plant inaugurated yesterday at Hejo, Thimphu is yet to be operationalised and could not be demonstrated during the inauguration. This is because Thimphu thromde is yet to connect the wastewater pipelines from the households to the treatment plant, which is constructed near the crematorium.

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Record fatalities from vehicle accidents in 2018

With 942 people involved in motor vehicle accidents, 2018 recorded the most number of accidents in the last seven years and the highets number of deaths in the past 13 years. According to the Annual Info-Comm and Transport Statistical Bulletin 2019 released this week, 135 lost their lives while 807 sustained injuries in accidents.

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26 taxis register for electric vehicles

Charging stations will be installed in six dzongkhags

Two weeks after the communication ministry issued the notification, about 26 Taxi Operating Permit (TOP) holders in Thimphu have registered with the ministry’s Project Management Unit (PMU), to procure electric car to replace their fossil fueled taxis. There are 535 TOP holders in Thimphu.

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Govt. to provide vehicle quota if necessary: PM

Vehicle quota has been attributed as a factor for increasing the number of vehicles in the country (File photo)

Although the government’s pledge to provide vehicle quota to each household was “shot down” by the Election Commission of Bhutan (ECB), Prime Minister Dr Lotay Tshering said that the pledge is still on. Lyonchhen, however, said there were many other important and pressing issues the government needs to look into first and once these completes, the government would review the vehicle quota system and if need be implement it.

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Golden jubilee celebrations wrap up

Golden Jubilee celebrations of Indo-Bhutan relations concluded with a grand finale yesterday in Thimphu

Coinciding with the day the Indo-Bhutan Treaty of 2007 was signed, the celebrations of the 50th anniversary of the establishment of diplomatic ties between Bhutan and India ended yesterday with as much grandeur as it began in January last year.

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Cash transaction still preferred over digital

Although financial institutions offer electronic and other forms of payment services, people still preferred cash transaction, forming 63 percent of transaction volume in 2018. This is despite the value of banknotes and coins in circulation, as a percentage of GDP, has remained constant over the last three years.

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Of the year gone by

The dog’s done the barking and the new dawn is upon us. Looking back, what events and milestones marked 2018? As a small nation, diplomacy reigned supreme. Strong and sustained foreign relations and close interaction with immediate neighbours is the key to Bhutan’s success. Never has this been more relevant …

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Dredging underway to prevent flooding in Sarpang

River dredging works, which began last year at Maokhola and others are expected to prevent seasonal flooding in Sarpang

The Natural Resource Development Corporation Ltd (NRDCL) is dredging two rivers and three streams in Sarpang. The dzongkhag tshogdu, in one of its sittings, decided to allow the corporation to dredge the riverbeds to avoid seasonal stream water and swelling rivers flooding villages and damaging infrastructures. Officials say work started since last year.

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