Yearly Archives: 2012

Ministry makes progress for giant pool in unemployment

Around 140 youth were employed this year through entrepreneurship courses conducted by the labor ministry. The ministry through its Entrepreneurship Promotion Division (EPD) conducted training and workshops for a week with all the financial institutes, regional offices and beneficiaries to minimize defaults for the supported entrepreneurs and those in the …

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Entire nation is responsible for INR

Who should be held responsible for the INR shortfall? asked Opposition Leader (OL) Tshering Tobgay to the finance minister at the Q&A session in the National Assembly (NA). The OL said in the last session “When I said there is a problem, the government denied it”. Today, apart from selling …

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ATM eats our money,

Constant complications in the ATM (Automated Teller Machine) money transactions have left customers frustrated with the disorderly machines and the banks. Customers who have encountered such problems have grown annoyingly familiar with the computer generated message on the ATM screens in the event of failed transactions. The message either tells …

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Need for serious rethink on Land Bill 2012

It is clear from a chorus of criticism by Parliamentarians, political parties, local government representatives, civil servants and private employees that the two controversial new changes in the Draft Land Bill 2012 are highly unpopular. One is allowing the cabinet to grant ‘resettlement land’ and the other is changing the …

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Trowa Theater

Trowa Theatre in Changjiji sits on government land. The land, measuring 19,432.56 square feet, was leased to a businessman in 2001 to build an entertainment center. In 2006, the government approved the transfer of the lease to another businessman. And increased lease rent from Nu 2 per sft per annum …

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Government slaps tax hike on non-essential imports

Tax hike on vehicles, fuel, alcohol, furniture, meat, electronics and textile proposed in Tax Bill As part of the fiscal measures to curb the Indian Rupee (INR) shortfall and enhance Bhutan’s balance of payments with India, the government has proposed to increase taxes on imports of non- essential items. Introducing …

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FM presents budget for 2012-13

 Coinciding with the final year of the current elected government, the national budget for financial year (FY) 2012-13 which is also the final budget of the 10th five year plan was presented by finance minister Wangdi Norbu to the National Assembly (NA) yesterday. The total projected budget is estimated to …

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