Tag Archives: Business

Private money lenders make hay while the sun shines

In the backdrop of financial institutions freezing loans due to the rupee crunch, private money lending has become a thriving business in the country though the procedures are illegal. This business is also rampant mostly in gambling dens. There are money lenders thriving on the spending sprees of gamblers, said …

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RMA partially loosens its grip on rupee payments

  The Royal Monetary Authority (RMA), at a meeting with the private sector yesterday, announced a host of changes to its earlier circular on the issuance of Indian rupee (INR). One of the major changes was instructions to the private sector to open a rupee account for every manufacturing industry …

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Commission Raj in health ministry exposed

The faces of the people involved in the health ministry corruption cases are being revealed now. Of the many to follow in different cases, the first names include a joint director, an accountant and a dentist Of the eleven cases forwarded by the Anti Corruption Commission (ACC) against the Ministry …

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Plans to commercialize dairy farming still on paper

After the formation of a jersey group in this gewog, villagers were told milk would be collected from houses for sale, creating a good economic opportunity. Sixteen households joined the group and each member has a jersey cow or two. The members were given a loan of Nu 50,000 to …

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In Gasa, community forests mean business

The sum of Nu 21, 240 may not sound big these days. But for the members of Genrab Cithuen Community Forest (CF) in Khame gewog, Gasa dzongkhag, it is a fortune, after they earned the amount from the sale of non-wood forest products, the highest generated from any community forest …

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