Economic Initiatives

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Economic Initiatives

Instituted Druk Holdings and Investments

ü  Established in 2007 to achieve the Royal vision of economic self- sufficiency.

ü  Fourth arm of government: the Government’s Commercial Arm

ü  It contributes in generating and increasing country’s revenues substantially.

ü  Creates employment opportunities.

ü  Evaluates company’s performance against set targets with incentives

ü  It is not only to produce and consume but also to hold and manage the existing and future investment of         the Royal Government of Bhutan for long term benefit

ü  DHI manifests Good Governance where integrity, transparency, accountability and responsibility is promoted.

ü  DHI stands out as the organization, the vanguard for prosperity and security

ü  Need to fulfill needs of the people especially under-privileged

Natural Resources Development Cooperation Ltd-Guardian of the nation’s Jewels
  •  In 2007, upon Royal command, the Forestry Development Corporation Ltd was transformed into NRDCL
  • Apart from timber, the reforms brought sand and stones under the wing of NRDCL
  • Mandated to ensure continued supply of stones, sand and timber at affordable price
  •  Symbolizes His Majesty’s mental frame of sustainability and equity with the grant scheme of economic development
  • Through this reform, His Majesty’s vision of a house for every Bhutanese was aligned since everyone can afford
  • His Majesty’s vision was not to focus on the profit but for a service delivery, good management and accountability transparency, accessibility and pricing of raw materials. 
  • Sacred Land Kidu-The Divine Intervention

  • His Majesty commanded to the National Land Commission Secretariat on September 24, 2007 about the land reforms
  • His Majesty aims to uplift poverty, bridge the gap between the haves and have-nots 
  • Done by His Majesty himself under Office of Gyalpoi Zimpon and its regional offices
  • To resolve long standing land issues of excess lands
  • The NLCS carried out the National Cadastral Resurvey from June 2008 till December 2013
  • As of December 11, 2016, His Majesty granted over 132, 177 acres of land to 112,749 people which is one than one acre to one individual

Through Land Kidu:

ü  Provide the ownership of the land

ü  People will prosper in rural areas socially

ü  Breaks the social division of haves and have-nots

ü  It infuses love for community and country

Test Yourself

  1. Explain the significance of sacred land kidu
  2. Explain how does DHI contributes towards the economic development of the country
  3. Analyze the role of NRDCL in developing country’s economy

 

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