During the 50th Meet-the-Press, the Finance Minister Namgay Tshering was questioned on the outflow of convertible currencies and on the liberalization of Foreign Currency Account (FCA). According to the Finance Minister, the depletion of foreign reserve is due to high imports. The Constitution mandates to have a minimum foreign currency …

In the Parliament session, the Finance Minister shared that the country has generated USD 16 mn in the past 8 months since the reopening from 52,000 tourists, with about 32,500 Indian tourists paying INR 1,200 and about 19,000 dollar paying tourists with a little over half of them paying under …

The National Assembly passed the pay revision bill on 26 June with all 42 members voting yes. The Economic and Finance Committee (EFC) chairperson MP Kinga Penjor said that the committee felt that the 12 days annual leave granted by RCSC was not enough. This was supported by the majority …

The 65 stalls set up at the Bhutan Thematic Expo in Changlimithang, Thimphu lightened up the mood for the exhibitors taking part in the expo as it came free of cost. This was made possible with the financial support from the Bhutan Chamber for Commerce & Industry (BCCI) and Department …

The National Assembly adopted the budget bill and the supplementary budget bill for the FY 2023-24. With all 43 members present and all voting in favour. The Chairperson of Economic and Finance Committee (EFC), Kinga Penjor presented the committee’s review report on the National Budget. He submitted that the committee …

Due to expensive airfares, Druk Air and Bhutan Airlines are losing their potential clients as tourists are using Bagdora Airport to come to Bhutan. The majority are Indian tourists but there are also tourists from other countries doing the same. Tour operators agree that Bhutan is losing out on large …

During the Question and Answer session in the parliament, the Minister of Industry, Commerce and Employment Karma Dorji answered the enquiries of Members of Parliament (MP) regarding street vendors. The MP of Mongar Constituency questioned the minister regarding street hawkers who are restricted from doing business at popular religious sites …

During the Question and Answer session in the parliament, the Minister of Industry, Commerce and Employment Karma Dorji was questioned by the MP of Kengkhar-Weringla on the new tourism levy which has affected the tourism sector and the hoteliers asking what support is provided or the government is planning to …

During the Question and Answer session in the parliament, Members of Parliament (MP) questioned the Minister of Finance Namgay Tshering regarding National Credit Guarantee Scheme (NCGS), Rural Life insurance scheme, Daily subsistence allowance (DSA), pension scheme, and youth entrepreneur ship. The MP from Dramedtse-Ngatshang constituency questioned the minister with regards …

The 50% hike for public servants for this pay revision is meant to retain civil servants inside the country. However, there are concerns from the private sector about retaining their staff and increases in rent and prices in the market. Many employees from private sector agree that the 50% pay …