PPI records 3.42 percent price rise

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Inflation in the first three quarters of the year, from producers’ perspective has increased by 3.42 percent compared to the first quarter of 2016, according to the producer price index.

Private sector submits six proposals on GST

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The private sector, through the Bhutan Chamber of Commerce and Industry has submitted six concerns to the government on the Goods and Services Tax (GST) that India implemented last month.

GST impact to cost Nu 14B in 12th Plan

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While the Goods and Services Tax (GST) in India will have a revenue implication of Nu 14B in the 12th Plan, the trading sector is to benefit the most. For this to materialise, the retailers have to pass the benefit to consumers and import commodities from the GST registered suppliers in India.

Crypto currency, the financial world’s future

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With evolution in technology and things getting digitised, its relevance to paper currencies is increasingly being applied around the globe. The Crypto Currency world is getting bigger.

CPI records 5 percent Inflation in June

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The price of goods and services increased by almost five percent between June last year and this June, according to the consumer price index. This was 0.72 percentage lower than the year-on-year inflation of May, which stood at 5.65 percent.

GST could boost business for Phuentsholing

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Although the government claims that it is yet to understand the impact of India’s shift to the Goods and Services Tax (GST) regime on Bhutan, the move is expected to impact Phuentsholing differently.

Trade deficit of Nu 10B in the first quarter of 2017

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At a time when commissioning of mega power projects is being deferred, correcting the trade deficit could remain an uphill task because many economic projections has already been made based on the earning from these projects

Govt. still studying the impacts of GST system

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Even as the GST regime in India has already affected many sectors of the Bhutanese economy, the government is yet to thoroughly understand the system before making any move. Some industrialists and traders have received notifications from Indian counterparts that prices of goods would increase after the application of GST.

GST hits Bhutanese industries

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Two weeks after the new Goods and Services Tax (GST) regime that was initiated in India, Bhutanese industries have not been able to export to India due to unclear directions and confusions among the parties of the two countries.

BoBL earns 17 percent increase in profit

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Despite a revenue implication of about Nu 57M from the revised interest rate towards the last quarter of the year, the Bank of Bhutan Limited (BoBL) recorded 17.5 percent increase in profit after tax, last year.

DHI and Co. contribute 30 percent to domestic revenue

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Taxes and dividends from Druk Holding and Investments (DHI) and its subsidiaries contributed more than 30 percent to the total domestic revenue of in the last fiscal year.

Fiscal measures designed to achieve self-reliance

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Finance Minister Namgay Dorji has said that economic self-reliance is a common goal and that the government’s fiscal measures are designed to achieve the same.