Yearly Archives: 2012

RUB and Akita University to sign MoU for exchange programs

A memorandum of understanding (MoU) will be signed between the Royal University of Bhutan (RUB) and Akita University in Japan very soon. This would promote academic and cultural learning, research and global leadership in today’s high-tech and multicultural society. The Registrar of RUB Gajel Lhundup said the signing of MoU …

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Standard guidelines for timber marketing

The community forest management groups (CFMGs) in the country are generating substantial income through timber sales from their Community Forests (CFs). The absence of proper guidelines for timber-marketing however proves a deterrent for many to venture into the same field. The CFMGs can now look forward to better-streamlined timber marketing …

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From Gewogs and Dzongkhags

Jamkhar Gewog Waits for Budget All planned activities for the 10th five year plan have been completed before the June closing. The gewog now awaits budget for development activities for 2012-2013. Jamkhar gewog Gup, Cheku said government might give the budget in July since the budget for 2012 would end …

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RICB puts-up more insurance offerings

The Royal Insurance Corporation of Bhutan (RICBL) is offering additional designed products with complete coverage terms and conditions, including benefits designed to insure its customers. RICBL currently has about 30 schemes and services. With an array of attractive products in its kitty, the RICBL believes their new products will cover …

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Road bill under land pressure

Much like the pot-hole plagued roads in the country, discussions on the road bill was a bumpy session, the bump in question being the discussions on the rights of owners and occupiers of adjoining land. Many MPs and Ministers had their views and thoughts on the section which talked about …

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Part 2- The Rupee Crunch: Reconciling theory with reality

While there are compelling arguments against opening the capital account to the volatilities of global finance, there are institutional frameworks and regulations that can be crafted and certain appropriate segments of the account that can be liberalized to alleviate such distortions. Another useful approach is the assessment of our commendable …

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When the Raven met the Dragon

There has been a flurry of international and national discussions on the purported news of the move towards establishment of diplomatic relations between Bhutan and China. This was based on supposed statements by the Prime Minister of Bhutan, Lyonchhen Jigme Y Thinley and the Premier of China, Wen Jiabo when …

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RICBL suspect false claims from earthquake-insured customers

It has been nine months since the September 18 earthquake last year, and insurance claims still pour-in at the Royal Insurance Corporation of Bhutan Ltd  (RICBL). The insurance office is highly suspicious there could be claims which would not necessarily be from those affected. The RICBL received 404 claims amounting …

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