Your SlideShare is downloading. ×
Development Management & Finance National Capital Region Thimphu
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Introducing the official SlideShare app

Stunning, full-screen experience for iPhone and Android

Text the download link to your phone

Standard text messaging rates apply

Development Management & Finance National Capital Region Thimphu

338
views

Published on

The presentation is a part of academic exercise of preparing National Capital Region Plan Thimphu at SPA Bhopal in academic year 2011-12

The presentation is a part of academic exercise of preparing National Capital Region Plan Thimphu at SPA Bhopal in academic year 2011-12

Published in: Economy & Finance, Business

1 Comment
0 Likes
Statistics
Notes
  • Be the first to like this

No Downloads
Views
Total Views
338
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
3
Comments
1
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. National Capital Region ThimphuDevelopment Management and Finance
  • 2. National Capital Region ThimphuDevelopment Management and FinanceAdministration• King (Gyalpo)• Prime minister (Lyonchen)• Ministries (Lhenkhag) Ministers (Lonos)• Departments (Laukhung)• Districts Dzongkhags• Community centers (issue of birth certificates)• Blocks (Gewogs)• Sub Blocks (Chewogs)• King maintains its authority in matters of Land, Army, Welfare funds and Disaster management.Source: Personal conversation with Mr.Sonam Yeshey Faculty Economics Royal Thimphu College
  • 3. National Capital Region ThimphuDevelopment Management and FinanceMinistriesEconomic affairs EducationForeign affairs Agriculture and forestsHome & cultural affairs Information and communicationsHuman settlement and works Labor and employmentFinance Health & culture
  • 4. National Capital Region ThimphuDevelopment Management and FinanceThimphuYear Area1960 2 sqkm1994 18 sqkm1999 26 sqkmThimphu district municipality is 8 yrs in existence1st district plan for Thimphu was adopted in the year 20081st election for mayor happened in February 2011Census every 5 years. Last census in year 2005
  • 5. National Capital Region ThimphuDevelopment Management and FinanceDevelopmentAny development needs to be checked and monitored. Development can lead to positive aswell as negative growth. Role of planner is to facilitate development process by ascertainingall the associated activities before hand.ManagementOnce the development is on course it requires management of resources.Finance• Finance is the spine of development. Development shall not take place in absence offinances. Finance requirements are distinct at during various stages of development.• Financial resources are to be explored and arranged in advance before taking updevelopment work.
  • 6. National Capital Region ThimphuDevelopment Management and FinanceSource: National revenue report 2010 Department of revenue and customs Ministry of finance Bhutan
  • 7. National Capital Region ThimphuDevelopment Management and FinanceSource: National revenue report 2010 Department of revenue and customs Ministry of finance Bhutan
  • 8. National Capital Region ThimphuDevelopment Management and FinanceCost of collectionThe cost of collection incurred for collecting 1 Ngultrum is about 1 Chetrum for direct taxrevenue, 4.3Chetrum for indirect tax revenue, and 0.3 Chetrum for non-tax revenue.Source: National revenue report 2010 Department of revenue and customs Ministry of finance Bhutan
  • 9. National Capital Region ThimphuDevelopment Management and FinanceConcept of GNH Gross National Happiness• Ministry of Home and cultural affairs looks after GNH• The spirit and intent of GNH as articulated in the Bhutan Vision 2020 document is to“maximize the happiness of all Bhutanese and to enable them to achieve their full and innatepotential as human beings.” This is envisaged through the adoption of policies and programsthat operationalizes the four pillars of GNH namely Sustainable socio-economic development Conservation of natural environment Preservation of culture Good governance.• District administration offices of GNH are atThimphu, Phoentshilling, Samdrup Zongkha, and GalephuSource: http://www.gnhc.gov.bt/publications/rep/gpsr.htm Gender pilot study Bhutan 13th may 2011
  • 10. National Capital Region ThimphuDevelopment Management and FinancePublic procurement• Division under ministry of finance headedby chief programme officer.• Rules and regulations of procurement arethrough Public Finance Act.• Corporations can have their ownprocurement laws subject to approvalfrom boards.• District administration through centralgovernment representatives.• Procurement of Cement and bitumen areunder central control.Source: Department of procurements Ministry of finance
  • 11. National Capital Region ThimphuDevelopment Management and FinanceTrade statistics• 90-95% trade with India; other countries are Bangladesh, Nepal, Thailand, Malaysia and Singapore.• Agricultural products are fruits, fruit jams and pulps. In summers vegetables are exported. In wintersthey are imported.• Financial institutions in relationship are World Bank, SNB, and ADB• Handicraft products are also exported. Changzamtok is a weaving centre.Source: Department of procurements Ministry of finance
  • 12. National Capital Region ThimphuDevelopment Management and FinanceFinancial InstitutionsThere are only two commercial banks in Bhutan with branches around the country: The Bank of Bhutan. Bhutan National Bank.These banks have exchange counters at the airport, hotels and the two main cities of Thimphu andPhuentsholing.Bhutan also has other financial institutions to assist and promote the development of the domesticindustries.The Bhutan Development Finance Corporation provides services to small and medium-sized industrial and agricultural producers. Provides microcredits to farmers in agricultural sector. The Royal Insurance Corporation of Bhutan focuses on both life and general insurance andmanages the government Employees Provident Fund.Source: Traders’ manual for least developed countries developed by United Nation’s Economic and social commission for asia andthe pacific
  • 13. National Capital Region ThimphuDevelopment Management and FinanceFDI PolicyIn pursuance of GNH Concept, the Royal Bhutan Government has adopted FDI Policy 2010 toachieve the objectives as set out in the Economic Development Policy 2010.FDI Focus AreasThe FDI shall be encouraged in areas that contribute to the following Development of green and sustainable economy Promotion of socially responsible and ecologically sound industries Promotion of culturally and spiritually sensitive industries Investments in services that promote Brand Bhutan Creation of a knowledge societySource: FDI Policy 2010 Ministry of Economic affairs Royal Bhutan Government Bhutan
  • 14. National Capital Region ThimphuDevelopment Management and FinanceNational Capital Region Planning BoardConstitution of national capital region planning board shall be required to take upadministrative control and developing enforcement functionaries.Following could be the possible composition of the board.i. Mayors of the four districts constituting National capital regionii. Administrative Heads of all the of the 4 districts included in NCRiii. Ministers of Royal government of Bhutan:• Urban development separated out from works & Human settlement, Roads &Highways separated out from Works & human settlement• Information & communications• Power separated out from Trade & Education.iv. Chief Regional planner as member secretarySource: National revenue report 2010 Department of revenue and customs Ministry of finance Bhutan
  • 15. National Capital Region ThimphuDevelopment Management and FinanceFunctions of Planning Committee• To prepare and coordinate implementation of regional plan & Functional plans• To scrutinize project plans so as to check their conformity with regional plan.• To make recommendations deemed necessary for amending or modifying zonal orproject plans.Functions of Planning Board• Responsible for arranging for and overseeing the financing of developmentprojects• Financial administration• Project monitoring and coordination
  • 16. National Capital Region ThimphuDevelopment Management and FinanceResources of finances• Plan contribution from ministry of worksand human settlement• NCPRB fund to be constituted by centralgovernment• International funding organizations suchas World bank, SNB and ADB. Theseorganizations have a long term associationwith the country under UN mandate.
  • 17. T h a n k Y o u