The officials from Ministry of La-bour and Human Resources say that the youth, “desperate” for jobs, who were registered under the Guaranteed Employment Program (GEP) are not serious about the program and are wasting the time and resources of both employers and job seekers. The ministry added that the youth …
Read More »Monthly Archives: July 2014
NEC’s strategy of rewarding 50% of illegal ‘waste dumping penalty’ to informants proving successful
It has been almost three months since the National Environment Commission (NEC) Secretariat successfully implemented its strategy to reward informants who report to NEC on illegal waste dumping. The informant receives 50% of the penalty amount collected from the offender. Talking to NEC’s Chief Environ-ment Officer, Thinley Dorji, he said …
Read More »SAFTA meet in Bhutan to result in more trade flow
During the 8th SAFTA (South Asia Free Trade Area) Ministerial Council meeting, the SAFTA ministers agreed to set up of the SAARC Development Bank, currency swap arrangement and improving inter-connectivity amongst the SAARC countries on July 24 at Thimphu. There is to be further discussion on this outcome at the …
Read More »First agri-flori exhibition to promote agricultural productivity in the region
The agriculture sector drives the country’s socio-economic development and is the single most important determinant of economic growth and poverty reduction. Reaching the goal of food self-sufficiency and overall food security in the country is a top concern of the Ministry of Agri-culture and Forests. The introduction of new and …
Read More »Special report on Inflation examines inflation trends from 2011 to 2014
An inflation report of the Ministry of Economic Affairs (MoEA prepared re¬cently by the Office for Consumer Protection under MoEA and the National Statistics Bureau titled ‘Report on Price Increases & Inflation Management’ tracks among other things inflation trends in the last four years. It says that headline inflation in …
Read More »Vehicle prices shoot up after after tax revision
With the new vehicle taxation policy that is in effect already, a luxury passenger car now costs upto Nu10 mn and the Indian manufactured passenger cars will cost at least Nu 0.4 mn. The cost of the vehicle will also depend on the current price of the car and the …
Read More »PM meets the Commerce Ministers of SAARC countries
The SAARC Secretary General, Commerce Ministers and Heads of delegation from the SAARC member countries who are attending the Eighth SAFTA Ministerial Council Meeting made a joint call on to Lyonchhen Tshering Tobgay . During the call on which was on 24th July , Lyonchhen and the heads of delegations …
Read More »Transportation fare to increase says RSTA
With the green tax on fuel coming into effect last Thursday, the Road Safety and Transport Authority (RSTA) said that the transportation fare is likely to increase. The Director General of RSTA, Lham Dorji, talking about a hike in bus and taxi fares, said, “We haave already done a bus …
Read More »Five political parties share experiences from their trip to Denmark
During the seminar on lessons learnt by the five political parties on their ten-day study tour to Denmark on June14, the five party representatives, despite their political differences, shared similar experiences, the feeling of being Bhutanese first. One of the panelists, the Druk Chirwang Tshogpa (DCT) President, Lily Wangchhuk, said …
Read More »Banks want RMA to remove new limits that come with opening housing, vehicle and consumer loans
Financial Institutions feel that the tough conditions would restrict credit growth and hit the economy The Financial Institutions Association of Bhutan (FIAB) which met on 18th July to discuss the Royal Monetary Authority (RMA) draft guidelines reopening housing, vehicle and consumer loans has decided to ask the RMA to do …
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The Bhutanese Leading the way.