Friday, September 20, 2013

Bhutan targets to be self reliant by 2020

The much awaited 11th five-year plan (2013-2018) got approved in the Parliament yesterday. The main objective of the plan is to become self-reliant by 2020, whereby all the national development needs shall be met from the domestic revenues. This ambitious target is heavily dependent on the timely completion of ongoing mega hydro-power projects, which targets to achieve 10,000 mega watts by 2020.

Thursday, September 19, 2013

New Government, New Five-Year Plan and New Focus

New government will be focusing on stimulating economic growth, addressing rupee shortage and generating employment for the first year (2013-14) of 11th Five Year Plan. A whopping budget of Nu. 54 billion is kept for the year.