Boulder export from P’ling still on halt

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Export of boulders from Phuentsholing has not resumed after it was stopped on April 17, following the third lockdown in the town.
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GDP slumps to negative 6.7 in August

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As feared, the economy is at its worse and the Gross Domestic Product (GDP), the conventional yardstick to measure growth, slumped to its lowest in August registering a growth of negative 6.7 percent.
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NPL increased by Nu 12B in first quarter

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The non-performing loans (NPL) ratio to total credit has jumped to 19.5 percent in March from 10.9 percent in December 2019. The total credit, as of April stood at Nu 142.689 billion (B), according to the Royal Monetary Authority’s monthly statistical bulletin for August.
Dzongkhag engineers and technicians work at the dry port construction sitekuensel

Boulder export to resume in Samtse

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Export of boulders (and aggregates) to Bangladesh and India from Samtse is expected to resume this week, according to dredging companies and exporters.
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Digital payments on the rise

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Digital payment transactions have seen a significant jump amid the Covid-19 pandemic, according to the Royal Monetary Authority’s (RMA) report on the Covid-19 impact on Payments in Bhutan.
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Consumer prices rise amid Covid-19

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Consumer prices rose sharply from March to May in the wake of the Covid-19 pandemic, according to the Consumer Price Index (CPI) published recently by the National Statistics Bureau (NSB).    
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What would the 21st Century Economic Roadmap be like?

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The national taskforce on the 21st Century Economic Roadmap is working on two main ambitious economic targets by 2030—a GDP of Nu 1 trillion and a high-income society as per the World Bank’s definition.
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Budget targets 2 percent GDP growth

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Taking into consideration the impact of the Covid-19 pandemic on the economy, the government has set five fiscal policy targets, including containing the GDP growth at a minimum of 2 percent, in the fiscal year (FY) 2020-21.
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Domestic revenue to fall by 14 percent

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The domestic revenue for fiscal year 2020-21 is estimated at Nu 33,189 million (M), which is one of the lowest in the recent past.
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Budget increases by 14 percent amid fall in domestic revenue

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The annual budget for the fiscal year (FY) 2020-21 has reversed the trend of increasing share of current expenditure vis-à-vis the capital expenditure.
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Local economy bounces back in Phuentsholing

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There is normalcy returning to Phuentsholing, the busiest commercial hub in the country.
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Meat import increases by 10 percent

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The import of meat increased to more than 12,102 metric tons (MT) in 2019 from 10,978MT in 2018, an increase of slightly more than 10 percent in one year, according to a recently released Renewable Natural Resources (RNR) annual statistics.
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Nu 27B trade deficit last year, lowest in five years

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Bhutan’s trade deficit last year stood at Nu 27 billion (B), a decrease from Nu 30B and Nu 29.6B in 2018 and 2017 respectively. This is the lowest in five years, according to Bhutan Trade Statistics (BTS) 2019.