A new issue that has cropped up in the Punatsangchu II power house is water seepage from the upstream wall in the powerhouse cavern near two units that were launched on 17th December 2024. The problem is that the seepage from the wall is near the Control System. Sources say …
Read More »
Bhutan’s National Credit Guarantee Scheme (NCGS) was launched in 2020 to provide easier access to loans, backed by government guarantees. While the scheme has helped foster innovation and employment, the growing number of Non-Performing Loans (NPLs) raises concerns about the long-term sustainability of such government-backed programs. Launched in 2020, NCGS …
Read More »
To address regulatory bottlenecks effectively, Ministry of Industry, Commerce, and Employment (MoICE) collaborated with the Voice for Green Change Partnership (V4GCP) Project, funded by the European Union, and the Bhutan Chamber of Commerce and Industry (BCCI). Through stakeholder consultation, issue compilation, committee formation, and rigorous validation processes, about 235 issues …
Read More »
The Economic Stimulus Plan (ESP), designed to provide concessional loans and reinvigoration funds to businesses, has seen mixed results as of December 2024. Under Window-I of the ESP, which offers concessional loans to support sectors such as agriculture, livestock, and small-scale industries, a total of 1,473 applications amounting to Nu …
Read More »
The Japan International Cooperation Agency (JICA) plans to start an inclusive and interactive centre in Thimphu under the JICA Partnership Program scheme with a Japanese partner organization and with a Bhutanese counterpart.One of the potential challenges may be the immediate start of the construction of the project due to the construction regulations in the country right now.The centre mainly aims to …
Read More »
During the Business Interaction on the upcoming Advantage Assam 2.0, which is to be held in February 2025, the Prime Minister Dasho Tshering Tobgay and the Chief Minister of Assam Sri Hemanta Biswa Sarma, talked about Assam and Bhutan’s friendship and the Gelephu Mindfulness City (GMC). During the event, Lyonchhen …
Read More »
As the Nu 96 mn airfare subsidy is launched, the tour operators have a different view on the feasibility and rationality of this execution. “The Ministry is taking steps to help the tourism industry, and we appreciate that, but it was too short of a notice for us, and tourists …
Read More »
The Annual Audit Report (AAR) 2023-24 of the Royal Audit Authority (RAA) was presented to the Parliament, and tabled during the joint sitting of the Second Session of the Fourth Parliament on 10th December 2024. The report provides an overview of the audits conducted from 1st July 2023 to 30th …
Read More »
The Milk Processing Unit (MPU) operated by Zambala Farmers’ Group in Norbugang Gewog in Pemagatshel is under the Royal Audit Authority (RAA)’s scanner, as a case of misuse of sales proceeds amounting to Nu 4.738 million (mn). It was found that the sales proceeds received by various office bearers were …
Read More »
Druk Green Power Corporation (DGPC) was awarded the GNH Business Certificate on 5th December for its efforts to align with the values of Gross National Happiness (GNH). The Prime Minister Dasho Tshering Tobgay presented the certificate to Dasho Chhewang Rinzin, the Managing Director of DGPC, at the Centre for Bhutan …
Read More »
The Bhutanese Leading the way.
