The People’s Democratic Party (PDP) is conducting its second party convention at the National Resource Development Corporation Limited, conference hall. The convention today will be electing a party president and introducing the two appointed candidates, General Secretary, Yogesh Tamang and the Youth Coordinator, Sonam Wangyel. Although, the party has already …

The INR crunch has brought the value of the BTN down by 20%. This means that Nu 100 is equivalent to Rs 80. People are now willing to pay an extra 20% BTN in order to get  supplies at the border towns. There are two factors determining this: one is …

The Changjiji Housing Complex with around 5,000 residents is deemed as a colony prone to youth crime, vandalism and social ills. As measures to curb the problems, the National Housing and Development Corporation (NHDC) will build a children’s park and a community centre at the Changjiji Housing Complex to promote …

The government task force report on the rupee shortage has predicted a grave economic future for Bhutan if the rupee crisis  continues unabated, impacting millennium developmental goals, socio-economic development, external debt servicing, dollar reserves and trade balance. After the Financial Year (FY) 2012-2013, the convertible currency or dollar reserves of …

The Gol (round) building constructed sometime in the 50s stands as Phuentsholing’s landmark. Little children studying in India used to be hysterical when they caught a glimpse of the building while returning for vacation because then they knew they were home. But the building which has 87 units including 21 …

  Post INR-crunch, Indians, especially having vehicles and living in the border towns are milking the cow while they can. With an abundance of Ngultrum in their custody, they pass into Bhutan and buy fuel paying in BTN while many of them hoard diesel and petroleum in jerry cans and containers, take the petroleum products back home and sell them so they …

Bhutanese businessmen who trade across the border are quietly befriending local gang members of Jaigaon and other neighboring Indian towns so that they do not have to face unnecessary hassles while going about their business, especially while importing and exporting materials, according to reliable sources who wanted anonymity for fear …

The Prime Minister’s statement on national television that there will be a ban on vegetable imports from 5 May has now been considerably modified. As per the latest reports, the Royal Monetary Authority (RMA) will be withholding rupee for vegetable imports from 19 May, 2012. In the meantime, the Department …

Time and again the Royal Monetary Authority (RMA) has been requesting the public to refrain from dishonoring the INR informal exchange but each time a new problem crops up. This time, the practice of overbilling for goods is  creeping into border towns. Overbilling means invoicing in excess of prices or …

Karma Dhendup,    Sonam Dorji,   Jamyang Cheda Yesterday in Thimphu, three principals were officially appointed as Dungpas of various Dungkhags . Sonam Dorji, 43, Karma Dhendup, 43, , and Jamyang Cheda, 42 were the three appointees. Sonam Dorji was the principal of Wangdue Lower Secondary School before being appointed …