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GNH also incurred increased depreciation and finance costs on account of acquisition of livestock carriers in Q4 2018, which impacted the net profit.
According to theCentre for Bhutan Studies and GNH, the conferencewill specifically seek toidentify the characteristicsof Vajrayana Buddhism thatdistinguish it from othermodes of Buddhist practice.Papers have specificallyinvited that address theways in which Vajrayana'sdeeply embodied formsof self-cultivation, rangingfrom visualization practices to strenuous physical yoga,activate dormant capacitiesof mind and body towardsmore altruistic modes ofawareness and well-being.Meanwhile, VajrayanaBuddhism is often referredto as the 'Path of SkillfulMethods' in reference toits diversity of means forrealizing enlightenmentin a single lifetime andBhutan is reportedly theonly country in the worldwhere Vajrayana traditionhas been flourishing since itsinception in the middle ofthe eight century.
So how does the WHR compare with our own GNH survey and the results?
A few years ago, eminent economists, among them Nobel laureate Joseph Stiglitz and development economist Jeffrey Sachs, led the movement towards GNH with the UN General Assembly adopting a resolution calling for a study of the pursuit of happiness and how it can be used to advance the UN Millennium Development Goals.
The GNH rejects the sole use of economic and material wealth as an indicator of development, and instead adopts a more holistic outlook, where spiritual well-being of citizens and communities is given as much importance as their material well-being.
GnH's products are sold primarily by advertising online or by a visit to their showroom through prior to an appointment.
Since 1971, the country has rejected the GDP (Gross Domestic Product) as the means to measure happiness and used in its place the GNH as the index which measures prosperity on the basis of the spiritual, physical, social and environmental health of its citizens.
GNH Agri director Robert Parry, who runs the business with wife Gwen, had no hesitation in handing the week-long trip to "legendary" salesman Dafydd Roberts, 70.
They have said the day will be celebrated on 11 November instead, which coincides with the birth anniversary of the fourth King, Jigme Singye Wangchuk, the person who is actually the founder of the concept of GNH.
In a statement to the bourse, it said the board of directors would ask shareholders for approval to sell its two very large crude carriers, and had conducted "positive communications with major shareholders to inject cash into GNH." It did not elaborate on the size or timing of any cash injection.
Bhutan, in the neighbourhood of India, measures its wellbeing not in terms of its GDP but with its "Gross National Happiness" (GNH) index, the only one of its kind in the world.