The Anti Corruption Commission (ACC) has launched its investigation of the Phajo Nidup case running into hundreds of millions of Non Performing Loans, double and triple mortgages and others issues. The ACC recently detained Phajo Nidup, some of his relatives, bank officials, Phuentsholing Thromde officials, and an RSTA official. The …
Read More »India’s GST considerably impacted Bhutanese exports and SOEs are competing with Pvt Sector: EFC Report
The Economic and Finance Committee of the National Assembly presented its review report on the balance of trade in the Parliament today pointing to six major issues. The report was presented by the Chairperson of the Committee, Kinga Penjor, of the Gangzur Minjay constituency. GST Hit The Committee has observed …
Read More »Property taxes to go up as Bill says 0.1% land and building tax based on actual value of land and building
The Finance Minister Lyonpo Namgay Tshering presented the Property Tax Bill of Bhutan 2022 today where he said that land tax will no longer be charged based on the area, but based on the value of the land and also the building. He said that the valued based land tax …
Read More »PM says Govt has requested RMA to allow Australia education loans
On the suspended education loans by the financial institutions (FIs), the Prime Minister said that the government has not stopped the loans and are equally worried about the issues. He asked that whether those in the National Assembly asking the questions on the education loan has read the RMA Act …
Read More »Gyalsung Bill passed in both Houses of Parliament
Today, coinciding with the auspicious 15th Day of the 9th Month of the Bhutanese Calendar, the Chairperson of the National Council of Bhutan received the Royal Kasho from the Golden Throne and read to the Members on the historic Gyalsung Bill of the Kingdom of Bhutan 2022. As per the …
Read More »Civil Liability Bill introduced in NA
The Chairperson of the Human Rights and Foreign Relations Committee, Rinzin Jamtsho introduced the Civil Liability Bill of Bhutan 2022, a private Member’s Bill which was first introduced in the National Council in its 29th Session. Submitting the background on the Bill, the Member stated that the objective of the Bill is to …
Read More »Civil Service Reform Bill introduced today impacts 46 existing laws
The Civil Service Reform Bill of Bhutan 2022 was introduced today in the National Assembly by the Prime Minister Dasho (Dr) Lotay Tshering. The Prime Minister said that the revamping of Civil Services for a right-sized, future-ready, efficient and effective Civil Service that would deliver the status of “Developed Bhutan” …
Read More »Passports are here
The Ministry of Foreign Affairs notified to the general public that the Ministry will resume the issuance of Ordinary Passport from 03 November 2022. In view of the sheer volume of Passport applications received so far (backlog since 20th August 2022) and the need for the backlog to be cleared …
Read More »Chief Operations Officer of RBA on India visit
On the invitation of the Chief of Army Staff (COAS) of the Indian Army, General Manoj Pande, the Chief Operations Officer (COO) of Royal Bhutan Army, Lieutenant General Batoo Tshering was in India for a six- day visit. During the visit the Chief Operations Officer met the Chief of Defence …
Read More »Draft Clean Wage document points out abuses of the TA/DA system
The Draft Clean Wage document sent from the Ministry of Finance to the Ministry of Education has pointed to various abuses of the TA/DA system calling it all unethical practices and gaming of the system and so will suggest reforms to it. The document says that while TA/DA and mileage …
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