A joint report by the Ministry of Economic Affairs and the National Statistical Bureau conclude that civil service pay hike would have a very minimal impact on inflation. It says that aggregate demand is not going to rise so much as to give inflationary pressure in the economy. “ This …

The price of eggs has shot up for the third time in this month alone. The sharp increase in the price is due to the recent high mortality case of poultry in Tsirang commercial farms and the hike in fuel price. Last week, a tray of eggs was sold at …

A new report by the Office of Consumer Protection under the Ministry of Economic Affairs which was drafted on the direction of the MoEA Minister Lyonpo Norbu Wangchuk highlights various recommendations to fight inflation. The report is titled ‘Report on Price Increases and Inflation,’ and was made in collaboration with …

As His Majesty the Fourth King Jigme Singye Wang-chuck is one birthday away from a diamond jubilee next year and as the nation is deal¬ing with a host of issues, it would be a good time for the nation’s politicians to learn some vital lessons from Bhu¬tan’s greatest modern leader. …

Bhutan will be hosting the eight meeting of the South Asian Free Trade Area (SAFTA) ministerial council in Thimphu on 24th July 2014 at the convention center. This will be the first time that Bhutan will be hosting the SAFTA ministerial council (SMC) meeting. Some issues like reduction of sen¬sitive …

The latest incident of an eleven year old boy being pierced by a stray arrow at an archery range in Haa, once again highlights an increasing number of innocent bystanders regularly falling victims to such ‘accidents’. Even though the cases being reported in the media are on the rise, the …

Though economic decisions are never popular in any country, but what can make it palatable is good communication that point out the benefits of such decisions, both in the short term and the long term. The government came up with a controversial Tax Bill in response to the depressed economy, …

Banks are happy about the move but want the RMA to increase the cap on housing loans After floating the draft guidelines on Housing, Vehicle and Consumer loans last week, the Royal Monetary Authority (RMA) has now announced that it would allow banks to reopen Housing, Vehicle and Consumer loans …

While most of the focus has been on taxes being levied on vehicles and fuel most people are still unaware of the impending five percent tax on their telecommunication services imposed by the government’s Tax Bill. Though this is yet to come into effect, telecommunication service providers like Bhutan Telecom …

Claims that 5 percent hike in fuel prices should not lead to rise in prices The government’s Task Force to fight inflation had its first meeting on Thursday chaired by the Minister for Economic Affairs Lyonpo Norbu Wangchuk. The terms of reference of the multi sectoral committee (see box) is …