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Archive for the ‘Economy’

Decongesting Thimphu

Soma Online Discount Code March 04, 2010 By: Bridge to Bhutan Category: Economy, News, Sustainable Development

70fb571a18f693c7e706db818a8f5458 Too Much Soma Tunnel Proposal: Technical and possible financial help from Norway

carisoprodol vs baclofen Department of geology and mines (DGM) identified tunnel sites
Travel time within the country could be reduced from days to hours and even minutes if a government plan to build tunnels through mountains connecting major valleys is implemented.
The department of geology and mines (DGM) has already identified three potential sites for tunnels. The first and most probable is a tunnel from Thimphu to either Punakha or Wangduephodrang.
The second is a 12 km tunnel between Bumthang and Mongar bypassing the Thrimshingla pass, which is expected to cut 30 km of travelling distance on the East-West highway. The third is from Khasadrapchu in Thimphu to Shaba in Paro, with a tunnel length of nine kilometers, reducing travel time from 45 to 20 minutes.

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Pre-feasibility studies have already been done by DGM, indicating that they can be done. “The Wangdue/Punakha tunnels can decongest Thimphu and allow people to settle in these two valleys and also reduce the travel distance and time by around 40 km,” said DGM chief geologist, Ugyen Wangda. (more…)

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Is Bhutan’s debt sustainable?

December 13, 2009 By: Bridge to Bhutan Category: Economy, Gross National Happiness, Sustainable Development

Though severely indebted, Bhutan is at a moderate risk of distress

Addicted to Soma 13 December, 2009 – Bhutan is paying Nu 3.8 billion annually to service an outstanding debt of Nu 35b as of October this year, which is five billion less than the cost of the 1020 MW Tala project.

The debt, as a percentage of GDP, is 53 percent with hydropower debt at Nu 21.5b and non-hydropower debt at Nu 13.5b.

The debt figures do not take into account the Rs 5b borrowed this year from India to meet domestic rupee requirements, said Tshewang Norbu of the finance ministry. who made a presentation of the debt situation at a national workshop on strengthening responses to the global financial crisis. (more…)

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Denmark & UNDP grant for Local Governance

December 13, 2009 By: Bridge to Bhutan Category: Economy, Gross National Happiness, Rural Development, Sustainable Development

Carisoprodol Online Overnight 13 December, 2009 – The government of Denmark and UNDP, Thimphu, are supporting the Bhutanese government to maximise people’s participation in developing and managing their own social, economic and environmental well being, and to minimise the negative impacts of a changing environment.

The Danish government committed DKK 70 million (approximately Nu 600m) on November 20 and the UNDP has committed USD 860,000 (Nu 38.7m approx). (more…)

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Children overworked

December 12, 2009 By: Bridge to Bhutan Category: Economy, Rural Development, Sustainable Development, Youth

Child workers work far beyond the time and day limits set by the [Bhutan’s] Labour and Employment Act, according to a study conducted by National Commission for Women and Children (NCWC).

The child labour study, which was conducted by sampling 650 child labourers between 6 and 14 years of age from six dzongkhags – two each from three regions – in the country, found that 37 percent of the children worked between eight and a half hours to 12 hours, and 20 percent worked for more than 12 hours a day. Eighty-nine percent of them started work before 8 am. (more…)

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Bhutan pledged to carbon neutrality

December 12, 2009 By: Bridge to Bhutan Category: Agriculture, Economy, Environment, Gross National Happiness, Sustainable Development

But what is the cost-benefit of a sound environmental policy?

carisoprodol 350 mg 446 12 December, 2009 – As Bhutan showcased its environmental friendly projects at the sidelines of the Copenhagen climate change conference yesterday, it also made a pledge in Thimphu, by signing a declaration, to follow and be guided by a strong sense of conservation ethics and remain a carbon neutral country.

The declaration calls for global attention to Bhutan’s commitment to preserving its rich eco system and in return is asking for support for its mitigation and adaptation measures to adapt to climate change.

“In spite of our status as a small, mountainous developing country, with so many other pressing social and economic development needs and priorities, we feel that there’s no need greater or more important than keeping the planet safe for life to continue,” states the declaration. “Therefore, we commit ourselves to keep absorbing more carbon than we emit and to maintain our country’s status as a net sink for greenhouse gases (GHG).” (more…)

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