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Lead Story

Govt. plans to align Plan period with electoral cycle

Even as the 12th Plan is being finalised, the government is planning to align Five-Year Plan cycles with each government’s term so that the electoral cycle does not affect development activities. In an interview with Kuensel, foreign minister and government spokesperson Dr Tandi Dorji said that development activities should not come to a standstill whenever a government completes its term. “Our economic development Plan should go by the electoral cycle, not by the timely five-year cycle,” he said.

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Winter session of Parliament to commence on January 2

A meeting of National Assembly members held last week decided to delay the winter session until the end of dhana, the inauspicious month in the Bhutanese calendar. Speaker Wangchuk Namgyel said the upcoming winter session of Parliament, which is the first for the National Assembly, would commence on January 2. The inauspicious period, he said, lasts for two months and have to be observed.

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Rupee reserve at INR 20B

The country’s international reserve position as of August this year was at USD 1.1B, of which the rupee reserve forms Rs 20.5B. Convertible currency reserve was at USD 817M. The rupee reserve in the beginning of the year was Rs 23B, the highest in 2018. In the following month of February, it fell to Rs 17B and dipped to Rs 11B in April, which gradually picked up. This is according to the Royal Monetary Authority’s (RMA) recent monthly statistical bulletin.

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