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 …

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 …

The government task force report on the rupee shortage has predicted a grave economic future for Bhutan if the rupee crisis  continues unabated, impacting millennium developmental goals, socio-economic development, external debt servicing, dollar reserves and trade balance. After the Financial Year (FY) 2012-2013, the convertible currency or dollar reserves of …

Bhutanese club Yedzin FC lost both the matches they played in the ongoing President’s cup in Cambodia. They conceded eight goals against Phnom Penh Crown and could not score even a consolation goal which was disappointing for fans back home. In the first half Bhutan conceded three goals and in …

Druk Mitser Tshogpa has approached Executive Director of Bhutan Media Foundation Lily Wangchuk to be the party president. “The party president will be a woman as we respect women and  emphasize on taking care of our youth,” said a party member of Druk Mitser Tshogpa, Tandin Tshering According to the …

The per capita per day vegetable availability is 139g for every person against the minimum requirement of 200g and domestic production of vegetables is 30,595 MT (metric tons) against the requirement of 54,445 MT. In view of this the Prime Minister announcing that vegetable imports would be stopped from May …

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 …

Spring is a season of opportunities for Bhutanese nomads living in the northern fringes of the country. But the opportunities are hard-earned. Cordyceps (“Yatsagunbub”) collectors don’t have it easy when they go looking for the “fungus-worm” but then they are not ones to give up easily. Preparation is done many …

The Association of Bhutanese Tour Operator (ABTO) launched a low carbon tourism project for sustainable tourism in February this year. It is funded by the European Union (EU) Switch Asia Programme which is the largest international donor and also the strongest global advocate of sustainable development. The EU Switch Asia …

There are 54,821 foreign workers with work permits and at the least 20,000 day workers in Phuentsholing, Gomtu, Samtse, Samdrup Jongkhar and other border areas. With 74,000 expatriates workers there is a rupee outflow of more than Nu 7bn a year. This was stated by the labor minister, Lyonpo Dorji …