The grant amount for the first time same could be the same as for the 11th plan Even though the 12th plan revenue projections have been badly hit by tens of billions through the delay of the Punatsangchu I and II projects and the Goods and Services Tax (GST), the …
Read More »2,560 MW Sunkosh & 2,640 MW Kuri Gongri project: From the freezer onto the implementation table
For hydro watchers, the November 2014 visit of the Indian President Pranabh Mukherjee, confirmed long standing doubts about the 10,000 MW by 2020 deal between India and Bhutan announced in 2008. Before the ink could even dry on the paper for this 2008 broad 10,000 MW by 2020 agreement the …
Read More »RCSC accepts resignations of Cabinet Secretary, 2 Dzongdas and 2 DGs
All of the above are expected to join PDP in the coming months The Royal Civil Service Commission (RCSC) recently accepted the resignations of five senior executives of the government including the senior-most civil servant- the cabinet secretary Kinzang Wangdi. The Cabinet Secretary’s resignation was formally accepted last week by …
Read More »Six NC members contest for Thrizin while another three vie for Deputy Thrizin
The National Council (NC) elections may have gotten over on 20th April but the campaigning has not stopped with six new NC members openly aspiring for the Thrizin (Chairman) post and another three for the Deputy Thrizin post. The NC elect members from Bumthang, Chukha, Thimphu, Trashigang, Wangduephodrang and Zhemgang …
Read More »Govt has three options for passing the budget during the 11th session
But the problem of widening gap between the five year plan start dates and election dates will only get worse in the long term The government has come up with three options to pass the budget before the upcoming June session of the Parliament. The first is to pass the …
Read More »54.3 % voter turn out makes it highest ever of last three NC polls
For first time higher men turnout due to postal ballot facilities 2 women candidates from Mongar and Punakha Only five incumbents make it of the 12 in the final round The 2018 National Council election saw the highest ever voter turn out at 54.3 percent which would higher than 45.15% …
Read More »Le Meridien got 53% of 2013-2015 Fiscal Incentives out of 126 hotels: MoF data
As per a Ministry of Finance compilation of Fiscal Incentives (FI) in the Hotel Sector, Nu 286 mn was given as incentives for Sales Tax (ST) and Customs Duty(CD) exemption to hotels from 2008 to 2018. Of this the top five companies that are beneficiaries are Bhutan Hotels Pvt Limited …
Read More »Nu 10 bn in Fiscal Incentives in last 10 years
Around half the FIs have gone back to government companies or the government The Finance Ministry has compiled the detailed list of the Fiscal Incentives (FI), including the beneficiary companies from January 2008 to February 2018. The cabinet recently authorized the list to be published in its entirety on the …
Read More »ACC investigation finds BDBL official embezzled Nu 11.76 mn by taking loans in names of unsuspecting farmers
An Anti Corruption Commission (ACC) investigation has found that the Assistant Branch Manager of Bhutan Development Bank Limited (BDBL) branch in Pemagatshel, Phurpa Gyeltshen, embezzled around Nu 11.76 mn from the both the Gelephu and Pemagatshel branches. The embezzlement started as early as 2012 when he was the Product Service …
Read More »DCT looks at merger or deregistration if it does not contest
While parties like the DNT, BKP and even established ones like PDP and DPT have been launching candidates, carrying out party activities and generally staying in the public eye as the 2018 polls approach, the Druk Chirwang Tshogpa (DCT) has been very quite. The reason for this low profile is …
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