Inauguration of the first Petroleum Oil and Lubricants Service Center

PRESS RELEASE

The Hon’ble Finance Minister Lyonpo Namgay Dorji inaugurated the first Petroleum Oil and Lubricants (POL) Service Center today at Drakten Gewog in Trongsa on 18th November, 2017. The first Service Center is inaugurated in Drakten Gewog because the Gewog already has basic services in place. This Center is a joint initiative of Ministry of Economic Affairs and Farm Machinery Center Limited (FMCL), where Department of Trade provides technical support including facilitating issuance of Fuel in barrels and trade licenses while the FMCL is the implementing agency.

This Center provides the following services:
1. Sale of POL services,
2. Sale of basic agriculture tools, and
3. Repair and sale of farm machineries and spare parts.
The Service Center will save time and cost for the farmers to avail such services in the rural areas by bringing these services to their door steps.

A minimum of 200 liters of fuel will be distributed to the Gewogs to maximize the utilization of the Power Tiller and other services. Any excess will be sold to farmers as per the existing Government’s standards and regulations.
Basic agriculture tools and spare parts will be made available to the people to enhance agricultural activities. Farm machineries and agriculture tools will also be repaired in the Center.

To start with, the LPG will be distributed as mobile services from such Services.

The Government has provided adequate budget for the establishment of such Service Centers in all the Gewogs. Fourteen such Centers, where basic services already available, will be established on immediate basis.
The Government take this opportunity to thank and congratulate all stakeholders including Department of Trade and Regional Trade & Industries Offices of MoEA, FMCL, MoA, Trongsa Dzongkhag and Gewog Administrations who have put in so much efforts to establish this Center.

The POL Service Center in Drakten Gewog will benefit 600 Households.

ANNOUNCEMENT FOR SHORT TERM-TRAINING (7-Nov-2017)

The Ministry of Finance is pleased to inform that the IMF’s Institute for Capacity Development (ICD) is offering a one-week course on Public Investment Management (SA17.19, PIM) at the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) in New Delhi, India. The course will be held from December 4 – 8, 2017.

Therefore, interested candidates who fulfills the eligibility may apply through online using the link given below. The deadline application is 8th November, 2017.

https://www-ins.imf.org/TAS/signon.aspx?pkey=SA17.19E
OR
http://imf.smartcatalogiq.com/en/current/Catalog/India-SAT?type=BA99FBED746E4A89B191E882932443EC&startYear=2017&startMonth=12#tabs

Further details is given in the course description below:
Public Investment Management (PIM)
Course No: SA 17.19
Location: New Delhi, India
Date: December 4 – 8, 2017
Language: English

Target Audience:

Mid- to senior-level officials responsible for managing public investment or development expenditure in ministries of finance.

Qualifications:
Participants are expected to have a degree in economics or equivalent, experience in project appraisals, medium term budgeting, accounting for public investment spending, procurement of large investment projects and project management.

Course Description:
This course, presented by the IMF’s Fiscal Affairs Department, looks at planning large capital spending projects, how to allocate resources to projects which have been properly costed and evaluated, and regular monitoring of investment projects. Data analysis is provided on public investment efficiency scores based on regional, global and emerging market country averages. The assessment tool assesses 15 dimensions relating to planning, allocation and implementation of public investment projects. The PPP Fiscal Risk Assessment Model (P-FRAM) will enable participants to identify fiscal risks, fiscal impact as well as define mitigation and priority actions related to Public-Private Partnerships (PPPs).

Course Objectives:
Upon completion of this course, participants should be able to:
• Understand the PIMA diagnostic tool to improve efficiency of public investment spending.
• Identify weaknesses in their own countries across all 15 dimensions related to the 3 phases of public investment spending.
• Understand the IMF’s tool on PPP’s and see the linkages to PIMAs.
• Use the tool to identify fiscal risks from PPPs in their own countries.
• Benefit from the experience of countries in the region who have undergone a PIMA.
For further information regarding the course and application, you may contact Ms. Shaveta Gulati at +91 11 49281019, email at sgulati@imf.org or Mr. Debraj Chaudhuri at +91 11 49281024, email at dchaudhuri@imf.org.

HR DIVISION