The hydropower sector is projected to create more than 50,000 jobs, achieve an installed capacity of 25,000 MW, and contribute 12–15 percent to the national GDP by 2050, as outlined in the 10X Economic Roadmap launched on 4th June. According to the Economic Roadmap, the economic growth will be driven …
Read More »20,932 tourists more than last year until May
In the month of May, the country recorded a total of 29,879 tourist arrivals. This figure includes both regional and international visitors. Compared to the same month in the previous year where 23,547 tourists visited the country, this marks an increase of 6,332 tourists. The numbers have gone up by …
Read More »National Assembly approves GST reduction to 5% with five exemptions
On Friday 12th June, the National Assembly (NA) endorsed a proposal to reduce the Goods and Services Tax (GST) from the originally planned 7% to 5%, following a recommendation by the Economic and Finance Committee (EFC). The decision was passed through a majority vote by a show of hands. South …
Read More »RMA announces post-deferment loan support measures
Deferred Loans as of March 2025 RICBL has highest deferred loans in terms of value but in terms of number of accounts BDBL is on the top Sector Wise Deferred Loan as of March The Royal Monetary Authority (RMA) has announced a set of loan restructuring support measures to take …
Read More »Positive development in P I right bank design likely to hasten dam construction
In a major positive development, the Indian side has agreed to some important design changes and suggestions by the Bhutanese side in terms of the stabilization and rectification measures on the right bank of the 1,200 MW P I project. This development marks a crucial step forward in resolving long-standing …
Read More »MP questions insufficient maternity and paternity leave in corporate and private sectors
The Member of Parliament from the Lamgong Wangchang Constituency, Sonam Tashi, asked the Ministry of Industry Commerce and Employment (MoICE) regarding the insufficient maternity and paternity leave in the corporate and private sectors in the country. He stated that while civil service institutions and DHI-owned companies have introduced progressive policies …
Read More »Over 30,000 Bhutanese subscribe to GNBB
As of 12.20 PM on 30th May, there a total of 24,040 people subscribed to the Gelephu Mindfulness City Nation Building Bond (GNBB) with a value of Nu 2.364 billion (bn). This reached 31,772 people with Nu 3.019 bn on 12.20 pm 2nd June after an extension was given till …
Read More »Nine hydro projects to be commissioned across the country by 2031
The government aims to commission a total installed hydropower capacity of 3,101 MW with a combined design energy output of 13,801 GWh by 2031. This includes several large and small hydropower projects currently under construction across the country, with commissioning timelines ranging from 2025 to 2031. Among the major undertakings …
Read More »Government unveils Performance-Driven Budget for 2025–26
While presenting the Annual Budget for the Fiscal Year 2025–2026, the Finance Minister said the budget was developed with the theme “Accelerating Prosperity and Social Transformation through Enterprise, Innovation, and Efficiency.” The Finance Secretary added that this is a performance-based budget and noted that the fiscal deficit of the 2024-25 …
Read More »New amendments in the GST Act put smart phones and telecom bills under 7% tax
The revised Goods and Services Tax (GST) Amendment Bill is set to take effect from January 1, 2026, and introduces several significant changes to taxation, exemptions, penalties, and the appeals process. These changes were presented by Finance Minister Lyonpo Lekey Dorji during the National Assembly session on May 26. The …
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