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Elections in Bhutan are conducted at national (Parliamentary) and local levels. Suffrage is universal for citizens 18 and over, and under applicable election laws. In national elections, also known as the general elections, political party participation is mainly restricted to the lower house of Parliament, and by extension, to the executive nominated by its majority
The Royal Monetary Authority was established in 1982. The following year, it took on the responsibilities of issuing Bhutanese currency, managing external reserves, and operating foreign exchanges. [2] [3] In 1988, the Authority assumed the role of government banker, holding the bulk of government deposits and providing financing. [2]
The Bhutanese local government elections of 2011 were originally slated for 2008, but were delayed until 2011. Elections began on January 20, 2011, however polls opened in only 3 of 20 districts – Thimphu, Chukha District ( Phuentsholing ), and Samdrup Jongkhar – as part of a staggered election schedule. Polls closed June 27, 2011. [1]
Bhutan has regulated corporations since 1989, most recently under the Companies Act of 2000. These regulations include taxation of corporate income.: pp. 112–3, 120–1 As of 2011, Bhutan's Corporate Income Tax rate was 30 percent on net profits; in addition, the Business Income Tax was another 30 percent on net profits.
The Directorate General of Customs and Excise ( Indonesian: Direktorat Jenderal Bea dan Cukai abbreviated Bea Cukai or DJBC) is an Indonesian government agency under Ministry of Finance that serves the community in the field of customs and excise. The Directorate General of Customs and Excise has the duty to organize the formulation and ...
The Department of Culture was previously known as the Special Commission for Cultural Affairs (SCCA), the Commission was established through a Royal Decree on July 31, 1985, with the mandate to preserve and promote Bhutan's cultural and traditional heritage. The Commission was reconstituted in 1995 as the Solzin Lhentshog with fifteen members.
A network of protected areas have been designated by the government to further conserve the environment. Protected areas in Bhutan are in the form of National Parks, Wildlife Sanctuaries, conservation area and Biological corridors. Five national Parks, four wildlife sanctuaries and a strict nature reserve spreads over various places in Bhutan.
Insignia. The badge of the medal is a medallion with right-profile image of the King, inside an eight-petals stylised flower, itself inside an eight-pointed stylised star, simply hanging from a ribbon. The whole medal is in gold, silver or bronze, according to the rank. The ribbon of the medal is dark orange with lighter orange borders.