Upon invitation of the Taiwan External Trade Development Council (TAITRA), the Bhutan Chamber of Commerce and Industry (BCCI) has, for the first time participated with 12 exhibitors comprising artisans, designers, women entrepreneurs and incense manufacturers at the Taipei Gift and Stationery Fair from 19-22 April 2012 at Taipei World Trade …
Read More »Daily Archives: 05/12/2012
How private consumption and credit caused the Rupee Crisis
The Bhutanese had earlier highlighted the role played by the vehicle and fuel imports, government expenditure and Royal Monetary Authority’s reserve management, and the balance of trade as some of the causes of the rupee crisis. The bulk of the report, however, focuses on private consumption and credit growth as …
Read More »“There is no vegetable import ban”: Agriculture Minister clarifies
Food Corporation of Bhutan will instead import vegetables for vendors “There is no vegetable import ban, the story of there being a Ban on the import of vegetables is not true”, said the Agriculture and Forest Minister Lyonpo (Dr.) Pema Gyamtsho. The minister said that the Food Corporation of Bhutan …
Read More »Credit Restriction could lead to defaulters
One of the major remedies adopted by the Royal Monetary Authority (RMA) to contain the Indian Rupee (INR) crunch is increasing the credit to deposit ratios and also risk weightages dramatically, which in short means that banks in complying with these measures have little or no cash to lend. One …
Read More »Conflict of interest cited as reason for absence of Jabmi association
Bar association (Jabmi Thuentshog) and Bar Council (Jabmi Tshogdey) which were to be formed in 2009 remain only in name. According to sections 2 and 14 of the Jabmi Act of Bhutan 2003, there should be a Jabmi Tshogdey and Jabmi Thuentshog but the Jabmi Act was never implemented till …
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The Bhutanese Leading the way.