During the last Question and Answer session for first session of the fourth parliament, Boomdeling-Jamkhar Constituency MP Wangdi raised concerns about the rising non-performing loans (NPLs), which have reached Nu.19.349 billion, making it difficult for people to obtain loans. Lamgong-Wangchang Constituency MP Sonam Tashi also expressed similar concerns on difficulties …
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The Special Olympics Asia Pacific office made a special visit to Bhutan last month, as a strategic move to reclaim its reach and foster inclusivity for individuals with intellectual disabilities (ID) in the region. This visit underscores the importance of rebuilding and expanding the Special Olympics programs that were severely …
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Prime Minister Dasho Tshering Tobgay has issued an executive order mandating that all official in-country meetings be conducted in the national language, Dzongkha. This measure aims to promote and preserve the national language across governmental operations. The executive order stipulates that if international participants are present at any meeting, translation …
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Over the past two days, the National Assembly has been engaged in discussions and decisions regarding the nation’s budget for the upcoming Fiscal Year (FY) 2024-25 and a supplementary budget for the current fiscal year 2023-24. On June 24, the Chairperson of the Economic and Finance Committee (EFC), Rinchen Wangdi, …
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The National Council’s Economic Affairs Committee (FAC) has expressed serious concerns about the underutilization of the capital budget and potential macroeconomic risks in its review of the Budget Appropriation Bill for Fiscal Year (FY) 2024-2025 and the Supplementary Budget Appropriation Bill for FY 2023-2024. An analysis of past trends reveals …
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The Chairperson of the Economic and Finance Committee (EFC), Rinchen Wangdi, presented the review report on the 13th Five-Year Plan (FYP), which included ten recommendations. These recommendations focused on the resource allocation formula, advocating for uniform criteria across Dzongkhags, Thromdes, and Gewogs. The EFC proposed reducing the weight of the …
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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 …
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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 …
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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 …
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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 …
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The Bhutanese Leading the way.
