To appraise concerns raised in light of limited access to finance the Bhutanese corporate bodies, the economic affairs ministry has developed the Regulations for Issue of Corporate Bonds, 2012 under the Companies Act of 2000. The regulation would also address the lack of securities in the market for the investors …
Read More »Yearly Archives: 2012
Increase in stipends will help solve Nutritional Deficiency in the boarding students
School faculty members are of the opinion that stipends of boarding students need to be increased in the face of the Rupee crisis-induced environment. The faculty made the submission on the premise that in the serious turn that Rupee crunch made in the country, vegetable import had been restricted whereby …
Read More »Reasonable vegetable & food prices – can FCB provide some relief?
This article is written keeping in mind normal market conditions. However, before proceeding further, a farmer (calls himself an educated farmer group called Happy Cooperative) told me that it was an opportunity for them to try and bring focus on their agenda, which is growing our own food. When one …
Read More »Land Bill: Unconstitutional and Dangerous
It is a matter of great concern that the new Land Bill has provisions in it that is not only unconstitutional but also intrudes upon the Land Kidu powers of His Majesty the King. As per the constitution only His Majesty the King has the authority to give Land Kidu …
Read More »Bhutan’s bird diversity rich by one more bird
Bhutan will add one more feather to its bird diversity, and that’s a literal. The discovery of the lone Barn Owl (Tyto Alba) has increased the number to 685 species. The lone Barn Owl was spotted at Zomlithang plantation area in Punakha in the Jigme Dorji National Park. The sighting …
Read More »Government yet to close accounts with DCAL for mitigation works
The Dungsam Cement Authority Ltd (DCAL) which has spent more than Nu 16mn to mitigate damages caused by an artificial lake expects more disturbances at the site. This means more works to contain the situation. The amount spent to contain live-threats from the artificial lake was to be refunded by …
Read More »The BKP will take it ‘slow and steady’
The Bhutan Kuen-Ngyam Party (BKP) which forayed onto the political bandwagon last week has engaged informal discussions with the Election Commission of Bhutan, to ensure its registration as a legitimate political party. Although, the party claims to a have a sizeable number of candidates, registration will only come at an …
Read More »Remarks made were not politically instigated, new parties clarified
The new parties have owned up to having passed politically-charged comments on the ruling party following the Druk Phuensum Tshogpa (DPT) Secretary General’s who said that the new parties who are not officially registered with Election Commission of Bhutan (ECB) have openly criticized government acts and polices. In an interview …
Read More »GoI released INR 5.51bn in one week for Bhutan
The Indian Ambassador Pavan K Varma, on behalf of the Government of India (GoI) handed over to Finance Minister Wangdi Norbu INR 2.5bn meant for the ongoing 10th plan on June 6 along with INR 1.11bn as excise duty refund for goods imported during the year 2009. Earlier this week, …
Read More »PDP on an optimistic path
Despite the increase in the registration fee, the People’s Democratic Party (PDP) continues to register members, and has reached about 250 members. The registration fee has increased to Nu 100 and annual membership to 1200. Even with this, the PDP still has many old members renewing their memberships, including the …
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The Bhutanese Leading the way.