The Bhutanese economy is currently heading into a brick wall and the driver at the seat is using the accelerator instead of the brakes. This is how many, especially in the private sector are describing the series of panic driven and credit crunching measures taken by the Royal Monetary Authority …
Read More »Monthly Archives: May 2012
YOUTH VIOLENCE: MULTI- PARTY APPROACH TO ADDRESSING THE ISSUE- Part 1
Youth related issues in Bhutan have been a major concern for some years now. But the more recent has been that of inhuman and extremely violent acts like stabbing. These acts are not once or twice but the media is reporting these cases every other day putting all of us …
Read More »Economy to grow by 9.8% in 11th plan
The rupee task force report has also plotted the macro-economic (national economy) outlook for the Bhutanese economy. The report claims that in the 11th five year plan (FYP) Bhutan will grow at an average of 9.8% and about 15% by the first year of the 12th plan in 2019-2020. The …
Read More »PDP gets a new General Secretary
Yogesh Tamang from Tsirang, who worked with the RCSC for almost 15 years, became the General Secretary of People’s Democratic Party (PDP) since yesterday. Yogesh Tamang also served in the Ministry of Agriculture for two years and he was working as a private consultant since 2001. He joined the PDP …
Read More »Doubling the tiger population by 2022
A team from the Department of Forest and Park Services will attend the stock taking of the 2010 St. Petersburg Declaration on Tiger Conservation in Delhi from May 14 to 16. This is, in line with the commitments made by Tiger Range Countries (TRCs) at the Tiger Summit held in …
Read More »ABSD Project on track with satisfactory output says Prime Minister
The 7th quarterly joint review of Accelerating Bhutan’s Socio-economic Development (ABSD) was held by the Cabinet and Committee of Secretaries on 11th May 2011. The conference was about the sector performance report, which was generated within the ABSD initiative. he ABSD program helped in generating about 21,000 jobs across five …
Read More »Changjiji to have more amenities
The Changjiji Housing Complex with around 5,000 residents is deemed as a colony prone to youth crime, vandalism and social ills. As measures to curb the problems, the National Housing and Development Corporation (NHDC) will build a children’s park and a community centre at the Changjiji Housing Complex to promote …
Read More »Bhutanese indigenous products a hit at the Gift and Stationary Fair Taipei 2012, Taiwan
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 »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 …
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The Bhutanese Leading the way.