His Majesty The King graced the Graduation Ceremony for the first cohort of Graduates from the Jigme Singye Wangchuck School of Law at Pangbisa, Paro on 25 November 2022. The cohort of 25 graduates of the Class of 2022, who were the first students to be admitted to JSW Law …
Read More »EFC Committee of NA recommends duty vehicles for MPs and reinstates DA and DSA removed in Pay Structure Bill 2022
The Economic and Finance Committee (EFC) of the National Assembly has made major chances to the Pay Structure Reform Bill of Bhutan 2022. The MPs are not entitled till date for a duty vehicle and driver but in section 63 it now says “An appropriate designated vehicle shall be provided …
Read More »Their Majesties in Panbang, Zhemgang
His Majesty The King and Her Majesty The Gyaltsuen, accompanied by Their Royal Highnesses Gyalsey Jigme Namgyel and Gyalsey Ugyen Wangchuck graced the Panbang Tshechu today. The Tshechu, held at Soenamcholing Dratshang since 1997, began this year on November 12th. Coinciding with the Descending Day of Lord Buddha, the Guru …
Read More »NA EFC Committee recommends higher taxes for imported chicken, pork, dairy products and lower tax for tobacco
The Economic and Finance Committee (EFC) of the National Assembly which was tasked with looking after the Tax Bill of Bhutan 2022 has a made a major departure from the government’s tax figures. The government put a 20% Sales Tax (ST) on imported pork and chicken and all processed products …
Read More »Wangduephodrang Dzong Rises Again
Ten years after a fire razed it to the ground, the Wangduephodrang Dzong once again adorns the fabled hill resembling the trunk of a sleeping elephant. The historic Wangduephodrang Dzong, rebuilt to its former glory upon Royal Command, was consecrated today on the auspicious occasion of 11th November. His Majesty …
Read More »ACC Detains Phajo Nidup, Bank and Thromde officials
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 …
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The Bhutanese Leading the way.