Talking about the potential import deflection and misuse of the tax free nature of smart phone imports the Finance Minister Lekey Dorji said Nu 2.723 billion (bn) worth of smart phones were imported in 2024. Lyonpo said the Ministry of Finance is aware of concerns regarding potential deflection of imports, …
Read More »Bank employee charged with embezzling Nu 7.9 mn heads to Australia from Paro Airport before legal prosecution despite OAG request to MoFAET to block her passport
In November 2023, the BNB Paro Branch found that a teller had embezzled Nu 7.9 million (mn) over a period of time from the daily cash handed over to her for transactions. It was alleged that she created some fake withdrawals to cover up for her withdrawals and she used …
Read More »MoESD’s comprehensive steps for inclusive education for students with disabilities
This paper asked the Ministry of Education and Skills Development (MoESD) on its comprehensive steps to ensure inclusive education for students with disabilities. The MoESD said the government strongly emphasizes expanding access to inclusive education in line with the National Council’s recommendations and the 2019 National Policy for Persons with …
Read More »BPC Commissions Nu 427 mn new GIS Substation that will improve power supply to Phuentsholing and nearby areas
Coinciding with the auspicious Birth Anniversary of His Majesty the King of Bhutan, Bhutan Power Corporation Limited (BPC) successfully commissioned a state-of-the-art 66/33/11 kV Gas Insulated Switchgear (GIS) Substation in Phuentsholing. This significant project, with a capacity of 60 MVA, marks a major advancement in upgrading and replacing the 46-year-old …
Read More »Govt announces USD 100 mn venture capital fund to help startups and entrepreneurs
During the launch of the 21st Century Economic Roadmap the Minister for Industry Commerce and Employment Namgyal Dorji announced that the government plans to launch a USD 100 mn venture capital fund. “In the era of economic growth, the government has planned strategies and since today is an auspicious day …
Read More »OGOP invites private sector, FDI and farmers for industrial scale manufacturing
While Brand Bhutan enjoys a lot of goodwill across the world, Bhutan has not been able to commercially capitalize on it except in tourism and Tashi’s Druk Jam and Pickles products in the region. Bhutan’s fledgling Cottage and Small Industries (CSI) are trying, but the issue is scale, marketing, bottlenecks …
Read More »His Majesty at the Maha Kumbh Mela
His Majesty The King visited Uttar Pradesh, India, from February 3-4, 2025, at the invitation of Prime Minister Narendra Modi to experience the Maha Kumbh Mela in Prayagraj. Accompanied by Uttar Pradesh Chief Minister Yogi Adityanath, His Majesty traveled to Prayagraj and took part in the Maha Kumbh Mela at …
Read More »2,293 Bhutanese with PR as of June 2023
A total of 2,293 Bhutanese has availed themselves of the Permanent Resident (PR) visa status in Australia as of June 2023 starting from July 2011. In a reflection of the Australia Rush over the last few years, there have been more PR visas obtained in the two financial years of …
Read More »Private Sector’s Proposal for private sector engagement in 13th plan
The private sector is spearheading the development of a Proposal on Private Sector Engagement in the 13th Five-Year Plan (FYP). This initiative is aligned with the plan’s vision to adopt a ‘government-facilitated, private sector-led’ growth model, as outlined under the Economic Development Cluster. The ultimate aim is to position the …
Read More »Supreme Court convicts Korphu Gup to imprisonment for embezzlement
The Supreme Court (SC) has fully affirmed the High Court’s (HC) judgment of sentencing Sangay Khandu, Korphu Gup, Trongsa to 1 year, 6-month imprisonment, with option to pay a fine in lieu of imprisonment for embezzling Nu 620,403.08 from the Korphu Gewog Environmental Conservation Committee fund. Key issues involved were …
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The Bhutanese Leading the way.