The country’s first national elections took place in December 2007 (upper house) and March 2008 (lower house), with the Druk Phuensum Tsogpa (DPT) party winning government. Despite the political changes, the King and royal family retain an important role in Bhutanese society.Bhutan’s second elections (April to July 2013) delivered a peaceful change of government, with the People’s Democratic Party (PDP) gaining a majority. The current reigning monarch is His Majesty, King Jigme Khesar Namgyel Wangchuck, the Fifth King (Dragon King).Decentralisation to local governments has been underway for several decades.The Local Government Act of Bhutan, 2009 provides the most recent statement of the powers and responsibilities of Dzongkhags (of which there are 20), Gewogs (groups of villages, 205 in total), and Thromdes (municipalities, of which there are 4).Cash and jewellery worth Rs 130 crore have been seized and Rs 2,000 crore of undisclosed wealth has been admitted by taxpayers post demonetization, the I-T Department said today, adding that over 30 cases have been referred to ED and CBI for further investigations.The department has carried out "swift investigations" in more than 400 cases since November 8, a CBDT statement said, adding that concerted action is being taken by the department, ED and CBI in detecting malpractices.Bhutan is continuing to consolidate its newly established democracy following its transition to constitutional monarchy in 2008.
Despite its large population and densely populated regions, Indonesia has vast areas of wilderness that support the world's second highest level of biodiversity.
The Boom Bust contracts can be layered, levered and/or compounded to make more complex hedges as well.
Parties who are domiciled in free flowing capital hostile states that have tight capital controls, ex.
"More than Rs 130 crore in cash and jewellery has been seized and approximately Rs 2,000 crore of undisclosed income has been admitted by the taxpayers," it added In a major assault on black money and terror funding, Prime Minister Narendra Modi on November 8 announced demonetization of 5 rupee notes and asked holders of such currencies to deposit it in bank accounts by December end.
It is estimated that over Rs 14 lakh crore of such high value currency notes were in circulation.