1 TRANSLATION OF THE PROCEEDINGS AND ... - APFA News

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Tashi Delek. I am confident that Bhutan will continue to enjoy peace and prosperity with the blessings of our guardian deities, the enlightened leadership of our beloved King and the continued harmonious relationship between the Royal Government and the people. Selected Monetary and Financial Indicators. Items Description 1999/00 2001 March Percent. 1. Total Assets of the Financial Sector 22678.18 21934.49 -3.28 a. Royal Monetary Authority 9577.27 9608.64 0.33 b. Four Financial Institutions 13100.91 12325.85 -5.92 2. Money Supply a. Quasi money 1/ 5238.88 5738.58 9.54 b. Demand Deposits 2474.76 2879.10 16.34 c. Ngultrum in Circulation 1119.39 1346.36 20.28 3. Domestic Credit 752.12 986.07 31.11 of which Private Sector 1360.04 1912.34 40.61 300 Change
4. Gross International Millions of USD Reserves 292.59 290.00 -0.88 a. Convertible currencies 221.77 202.05 -8.89 millions of Rs. b. Indian Rupees 3164.96 4100.62 29.56 5. Exchange Rate for USD (Period Average) 44.69 46.62 6.83 6. Consumer Price Index (%) 3.61 4.41 Note: 1/ quasi money includes foreign currency deposits & time deposits Selected Monetary and financial indicators 301 In Percent Items Description 1999/00 March 2001 7. Structure of interest Rates a. Deposits i) Savings 5-7 5-7
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I. Inaugural Ceremony TRANSLATION O
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The National Assembly ratified seve
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allot. A brief curriculum vitae of
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Sonam Wangchuk from Zhemgang won th
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Bodo militants in the country pose
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Goendeys in the country continue to
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1. The military capability of the a
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ate is 4.5%, and the balance of pay
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of the Basochhu Hydropower Project
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3. The Department of Education has
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As Gross National Happiness places
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Since people-centred development li
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Recognizing the deep reverence that
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conference. This is an indication o
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safeguard the sovereignty of the co
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They also expressed their profound
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ooklet on the financial report of Y
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Nu.260 million was spent on purchas
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Nu.381 million increase in the budg
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would be incurred. Although the cur
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udget presentation by the Hon’ble
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The fact that the debt service rati
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the territories of Assam and Bengal
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Since many of the plan projects cou
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issue of the Thimphu-Phuntsholing h
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the Department should ensure that t
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Sarpang Dzongkhag. He extended the
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The Speaker underlined the signific
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Kuensel and the Bhutan Broadcasting
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The Hon’ble Minister for Health a
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A Royal Advisory Councillor and the
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The Speaker noted that the governme
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failed to resolve the problem, ther
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serious resentment and animosity be
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The NDFB militants are fighting the
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affected the security of the countr
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The ULFA delegation said that they
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again to find a solution to the pro
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led by the Home Minister and the UL
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epresent a government since they ar
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Bhutanese people. Last December, wi
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ii. Two rounds of Security Coordina
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undergone militia training and serv
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left but to resort to military acti
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shops. In such situations, the loca
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would be better to act in accordanc
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He informed the members that, under
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and working to this end without eve
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security of the nation is of the ut
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however, be in our interest to endo
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agreement signed with the Royal Gov
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there was no longer any conscriptio
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genuine volunteers should be forwar
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the time to make excuses regarding
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militia force, and after returning
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The people’s representatives of T
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They wondered where all the organiz
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faction which does not have camps i
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pressing on this issue, the problem
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informed the house the Lhengyel Zhu
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apprehended and brought to justice.
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The Foreign Minister informed the h
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this regard, the Royal Government w
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who left after committing terrorist
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and the agreement reached by Bhutan
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2. The hon’ble members are aware
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verification provides ample time an
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In his presentation on the issue, t
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deliberately trying to delay the pa
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obbery and destruction of service i
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emain in the country. These people
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The people in the camps in Nepal co
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during the 14 th round, Bhutan had
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abide by the resolutions of the Nat
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However, it is most important that
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effective treatment or vaccine, and
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The Secretary also pointed out that
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supervision and guidance. The Assem
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local Forest Office. This takes abo
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4. To enhance sustainable use of fo
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For conifer species, Nu.40 per tree
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per truckload. Further, in order to
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A Royal Advisory Councillor said th
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workforce were reduced, the Bhutane
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issue. Furthermore, the Cabinet has
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numbering about 60,000 and coming t
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proposing the issue of the expatria
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Penden Cement Plants are Bhutanese.
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the government offices take the nat
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Punakha Chimi those people on whom
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the competence of the Bhutanese in
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are private sector candidates who r
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aspects and those who are unable to
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Jabmi. It would be beneficial if th
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fees for Jabmis would not be approp
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their decisions should be given due
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material inducements to innocent vi
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Another Chimi from Samtse Dzongkhag
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It is the responsibility of the Gup
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The Dorji Lopen of the Central Monk
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The Minister expressed appreciation
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Zhungtshog to direct the Government
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The Minister pointed out that Part
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Among many other provisions, the ac
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flourishes. A strong and clear Chat
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The Minister informed the Assembly
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In Article 12 of Chapter 4 on page
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Therefore, it is being submitted to
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high taxes, and those with low inco
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and in the interest of the poor, it
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Therefore, it is important that PIT
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session. Moreover, a revised copy o
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The rule of law is a basic requirem
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country depend upon the presence of
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The National Assembly has the full
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The Punakha Chimi also commented on
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A lot of good experience has been g
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meat in the country should decrease
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therefore face lots of difficulties
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If two or three Chathrims rather th
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XX. Expression of Appreciation and
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tourists and other non-governmental
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people of different geogs to identi
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gained by the members of the DYT an
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Page 251 and 252: institutes besides centers of Buddh
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Page 257 and 258: those belonging to neighbouring Dzo
Page 259 and 260: secondly due to the concerted effor
Page 261 and 262: of a child, the Hon’ble chairman
Page 263 and 264: order to avoid problems related to
Page 265 and 266: Of the five killed, four were fores
Page 267 and 268: and sorrow at the incident. He said
Page 269 and 270: Among the dead in the recent incide
Page 271 and 272: greatly undermine the friendship an
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Page 279 and 280: 3. Grants a. GoI Program Grants 800
Page 281 and 282: While there was a substantial incre
Page 283 and 284: would continue to monitor the size
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Page 289 and 290: The domestic revenue forecast for t
Page 291 and 292: Customs duties on yarn have been ab
Page 293 and 294: The Royal Government continues to a
Page 295 and 296: The Royal Government is, therefore,
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