The Prime Minister outlined both challenges and opportunities for Bhutan due to GST in India A presentation by the Ministry of Finance for the Bhutan Chamber of Commerce and Industry (BCCI) showed that the government would forego Nu 14 bn in total revenue due to India’s Good and Services Tax …

The 1,200 MW Punatsangchu I and 1,020 MW Punatsangchu II is headed for more delay and cost escalations after a report by the Norwegian Geological Institute (NGI) recommended additional measures to strengthen the sliding right bank of P I, and approved the proposed works for the collapsed roof of the …

Bhutanese businesses and consumers expecting a dramatic drop in the price of GST item goods like cars, electronic and machinery items and most consumer goods from India will not see it happen until Bhutan gives the go ahead to the Indian government. There is an official understanding between the two …

While the Anti Corruption Commission (ACC) report pinpointed the illegal and inflated term loans and Over Draft loans given by a Bhutan Development Bank Limited (BDBL) project officer, Pema Nidup, coming to around Nu 576 mn, questions remain about the system and lack of oversight that allowed this to happen. …

From 2008 onwards the ‘10,000 MW by 2020’ was projected as the solution to all of Bhutan’s economic woes, and the main basis by which Bhutan would become economically self sufficient. The basis being India’s perennial power shortage and the huge expected demand of the future. It was for this …

The Indian government has told a Bhutanese delegation from the Ministry of Finance that Bhutan would have to wait for two months before India can make any special concessions for Bhutan on the new Good and Services Tax (GST), which came into effect from July 1st A senior official said. …

The Ministry of Foreign Affairs (MFA), on 29th June, issued a press release saying that China’s building of a road inside Bhutanese territory is a violation of the 1988 and 1998 written agreements between the two countries to maintain peace and tranquility and the status quo pending a final settlement …

In the recently held Chukha tariff revision talks between Bhutan and India in New Delhi on 22nd June, though both sides agreed that it is time for a revision, there are differences in what could be the final revision. The 1974 agreement on Chukha project outlines that the tariff will …

A Bhutanese government delegation led by the secretary for the Ministry of Economic Affairs, Dasho Yeshi Wangdi along with other relevant officials from the MoEA and Foreign Ministry, had talks with an Indian delegation of a similar composition on 22nd June in New Delhi. The three main items for discussion …

The much publicized legal case between Tandin Bidha and her daughter Dr Shacha Wangmo versus Sonam Phuntsho was considered to be closed in early April 2017. However, the Supreme Court is doing a final review of this last judgment which has given some hope to Tandin Bidha and BNB that …