Monthly Archives: May 2012

Jo Stiglitz and UN-DESA say USD reserve management and government deposits in banks exacerbated rupee crisis

The Nobel laureate said that Bhutan’s USD reserves is too high with low yields creating more debt through rupee borrowings and that government deposits in financial institutions fuels credit growth Noble laureate Professor Joseph Stiglitz pointed out weaknesses in Bhutan’s monetary (banking and financial regulation) and fiscal (government expenditure and …

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Water problem seeps into Gosarling

It’s been more than a year since the people of Tsirang have grappled water crisis. And presently the farm works in Gosarling gewog have come to a near-standstill. “It’s been months that we didn’t do any work in our field because there is no water or rainfall in the village. …

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Porous borders: a boon for goons, bane for the law

To contain illegal trades in the northern and southern ends of the country is a most challenging task for Bhutanese law enforcement authorities. As a result, illegal trading of medicinal plants is up and on the rise. Trans-boundary illegal collection of medicinal plants is rampant in Bhutan although enforcement officials …

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Change in import method will not affect vegetable vendors

The announcement, of the Food Corporation of Bhutan (FCB) as the wholesale agent for all the vegetable vendors was a cause for concern among the vendors who are already worried over the Royal Monetary Authority (RMA)’s decision to stop issuing Indian Rupee from June first week. Lyonchen Jigmi Y. Thinley, …

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PDP not just a show horse, OL

The horse is saddled and the stirrup is set, the People’s Democratic Party (PDP) has tightened its reigns, with acquired skills from the last elections and the party is raring to go. The PDP has started strengthening its institution in two fronts; fund raising and voluntary contributions, and strengthening its …

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