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His Majesty graced the closing ceremony of Parliament

His Majesty the Druk Gyalpo graced the closing ceremony of the first session of the third Parliament on Thursday. Her Majesty the Gyaltsuen, members of the Royal Family, representatives of the Central Monastic Body, senior government officials, and foreign dignitaries, among others also attended the closing ceremony. The Speaker of …

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RMA transfers record 1.5 bn in profits to govt for 2018

The Royal Monetary Authority has had a good financial year for itself in 2018 as per its annual report released last week. The RMA Governor Dasho Penjore in the annual report said, “On the operational front, the RMA successfully closed its accounts for the 2018, and submitted a net surplus …

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Fourth pay commission instituted

As provided under Article 30 of the Constitution of the Kingdom of Bhutan and as approved by His Majesty the King on the recommendation of the Lhengye Zhungtshog, the Royal Government is pleased to establish a time-bound autonomous pay commission with immediate effect. The taskforce members for the Fourth Pay …

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6 Ambassadors present credentials

On 4th January, 2018 the ambassadors of Azerbaijan, Belgium, Brazil, Republic of Korea, The Netherlands, and Viet Nam to Bhutan, presented their credentials to His Majesty The King at the Tashichhodzong today. They then met the Prime Minister Lyonchhen (Dr) Lotay Tshering. The Ambassadors are Mr. Ashraf Farhad Shikhaliyev, Ambassador …

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Modest growth of 5.1 percent projected for 12th plan

According to the current assessment of the baseline growth forecast, modest growth of 5.4 percent in the medium term and 5.1 percent on an average for the 12th FYP has been projected. Slowdown in growth is projected mainly on account of shifting of commercial operation date of Punatsangchu- I and …

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ACC finds no corruption in ex-PM’s wall case

The Anti Corruption Commission (ACC) will be closing the wall case of the former Prime Minister and current PDP President Dasho Tshering Tobgay. Dasho Tshering Tobgay in his capacity as the Prime Minister had referred the matter to the ACC in March 2018 asking ACC to investigate his compound wall …

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Fiscal deficit could go above Nu 40 bn

The Nu 310 bn 12th plan has a shortfall of Nu 29 bn. However, the Prime Minister, Lyonchhen (Dr) Lotay Tshering said that given that some pledges were not yet in the plan the fiscal deficit could go as high as Nu 40 bn in the 12th plan. Lyonchhen said …

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