During the Question-and-Answer session at the National Assembly, Member of Parliament (MP) from Kengkhar-Weringla Constituency, Dorji Wangmo questioned the Minister of Finance on the pledge made by the ruling party and opposition party on increasing the rural life insurance from Nu.30,000 to Nu.150,00. According to the MP, the current rural …

The Member of Parliament (MP) from Nanong-Shumar constituency, Yeshey Jamtsho, confronted the Minister of Finance over the banking sector’s interest rate policies. The MP raised concerns that while lending rates have stagnated at approximately 14% over the years, deposit rates have sharply declined, leading to increased profitability for financial institutions …

For the 13th FYP, the government has announced a comprehensive plan to develop and enhance the digital and creative economy, positioning it as a significant economic sector. This initiative focuses on several key areas to ensure growth and sustainability in the industry. The digital and creative economy will leverage a …

A  Bill has proposed significant amendments to the National Assembly Act of 2008, introducing new measures to enhance legislative, representative, and oversight functions. The National Assembly Act 2008 (Amendment) Bill 2024 aims to address evolving political and administrative needs, strengthen parliamentary processes, and ensure greater accountability of government officials. The …

Residents of Shingkhar Gewog in Upper Kheng, under Zhemgang District, find themselves in a relentless battle against tiger attacks, with Wamling, Thrisa, and Shingkhar Chiwogs bearing the brunt of the menace. For nearly two years, the villages have been grappling with frequent tiger incursions, resulting in substantial losses of livestock. …

In an initiative aimed at supporting the survivors of domestic violence and gender-based violence, One Click Services has come up with an inspiring program. Zigyel Tshering, the operational head of One Click Services shared, “We have been robust with the marketing efforts involving meetings with institutions that require extensive cleaning …

The 3rd Made-in-Bhutan Exhibition and Watermelon Festival 2024, organized by the Bhutan Chamber of Commerce & Industry (BCCI) and the Department of Employment and Entrepreneurship (DoEE), is themed “Fostering Entrepreneurship for Economic Self-reliance.” Approximately 34 varieties of products, mostly from the Cottage and Small Industries (CSIs), are participating in the …

Financial Institutions Association of Bhutan (FIAB) has announced an extension of the deferment facility for borrowers, offering much-needed relief amidst ongoing challenges in all the Financial Institutions (FIs). The deferment period is extending up to one year. The borrowers who have previously availed themselves of the deferment option are eligible …

The Changchey Industrial Park in Tsirang was planned under the  pilot “CSI Industrial Park” of the Startup and CSI Development program in 2020 and was scheduled to completed by July 2021. The project is worth approximately Nu 52 million. It was aimed to leverage Tsirang’s rich agricultural produce to boost …

During the launch of Nu 15 billion Economic Stimulus Programme (ESP), the Prime Minister (PM) Dasho Tshering Tobgay announced that the moratorium on housing and construction loans will be lifted by 1 July 2024 and the moratorium on import of vehicles by 18 August 2024.  PM advised, “We ask the …