The quality of applications is improving according to NCGS The National Credit Guarantee Scheme (NCGS) has thus far entertained a total of 8,762 clients inclusive of applicants, enquiries and others. The record spans between 5th of October 2020 until 12th March 2021. As of friday, the total approved loans amounts …
Read More »Stationeries to central schools and autonomous schools will continue while freebies and uniforms will be a targeted approach: FM
The Finance Minister Namgay Tshering during a press meet clarified that there were no announcements regarding the discontinuity of stationary support, freebies and uniforms for central schools (CS) and autonomous schools. Lyonpo added, “However, in order to bring in reforms with the existing central school concept, instead of a blanketed …
Read More »Bhutan’s first ever CSI Market hampered by lockdown and lack of customers
It has been two months since the Economic Affairs Minister inaugurated the country’s first ever Cottage and Small Industry (CSI) Market below the Start-up center located at Changzamtog. The Minister had stated that there would be more such market places created in other parts of the country which was launched …
Read More »The future of CSI is not substitution but niche exports
There may be plenty of entrepreneurship trainings, financial accessibility, fiscal measures, but when it comes down to domestic trade and market integration, are we there yet? In keeping with that, The Bhutanese interviewed some experienced business owners, along with startup business owners on their perception of the current market scenario. …
Read More »Mountain Hazelnut impacted by COVID-19 restrictions
COVID-19 and its restrictions impacted the Mountain Hazelnut (MH) venture this time around. Lhaki Woezer, Communication Officer for MH said that the lockdown decision had coincided with the scheduled start of the hazelnut harvest. Reportedly, it is a big event for the team as the entire year is awaited for …
Read More »24 applications worth Nu 65.59 mn approved by National Credit Guarantee Scheme so far
The 1st National Credit Guarantee Committee (NCGC) meeting was conducted virtually during the lockdown period. The NCGC is chaired by Finance Minister as the apex decision making body for the NCGS. As per the first NCGC meet report, 24 applications worth Nu 65.59 mn across sectors of agriculture, production, manufacturing …
Read More »Dagana Dzongkhag hopeful for smooth digital transition
Connectivity still an issue Bhutan which was gradually moving into a new phase of Information and Technology (IT) had to adapt to an unprecedented scenario due to the pandemic. With physical communication limited to telecommunication or the internet, avenues were many but not everyone was brought up in the age …
Read More »Tests to be done 4 to 5 months after mass vaccination to monitor protective immunity effect
The Prime Minister on 28th January evening addressed the nation through the PMO official Facebook page that the mandatory quarantine for those traveling from high risk to low risk areas for now will be continued as it is. As for those coming in from the bordering towns they will have …
Read More »Lockdown 2.0 hits small businesses hard
With the overall business sector seeing an unprecedented situation with lockdowns, various control measures and other policies coming into action due to the COVID-19 pandemic, a lot of business owners are left wondering when and how will things go back in place. With the second lockdown gradually starting to unlock …
Read More »PHPA-1 focuses on stabilization measures while being short on labour
As per the Managing Director of the Punatsangchu-1 Hydroelectric Project Authority, N.C Bansal, all the stabilization works as advised by Design Consultants in the past had been completed both on the right bank and left bank. However, based on the data received from the Monitoring System in place, some additional …
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