The Bhutanese Leading the way.
After cash crops, Industries and banks are now affected On the fateful evening of 8th November 2016 Lyonchhen Tshering Tobgay was watching the evening news when the Indian Prime Minister Narendra Modi announced the surprise demonetization move. Lyonchhen immediately got on the phone with the Royal Monetary Authority (RMA) Governor …
Read More »New private money lending rules restrict interest to 15% per annum and amount to Nu 500,000
This is after His Majesty The King had expressed concerns on the impact of private money lending over a year ago The Royal Monetary Authority (RMA) has come out with draft private money lending rules, which, for the first time, not only imposes interest and loan amount restrictions on private …
Read More »New Hope for Diplomatic Enclave landowners
The 104 land owners whose 31.7 acres in Hejo is to be acquired for the long pending Diplomatic Enclave have seen a new ray of hope as the National Land Commission (NLC) is working on a new solution to minimize the loss of land. It is understood that the NLC …
Read More »DHI: A Corporate game changer
One of the most important reforms carried out by His Majesty The King was the formation of the Druk Holding and Investments (DHI) in 2007 under a Royal Charter. At the time of its formation DHI had total assets of around Nu 51 bn but today that has more than …
Read More »The Great Reformer
Great leaders are not born but are made over time, as history has often shown. In December, 2005 when His Majesty The Fourth King announced His Majesty’s abdication it sent a shockwave throughout Bhutan as people wondered what the future held after decades of strong and dynamic leadership of His …
Read More »Land Kidu reforms: Giving a stake
One of the most important reforms instituted by His Majesty The King was a Land Kidu exercise that not only gave land to the landless and many Bhutanese households but also resolved land issues and considerably enhanced land administration. On 24th September 2007, His Majesty Commanded that, “Land issues must …
Read More »Most students find learning English to be more challenging than Dzongkha
Education minister also says no to NC committee proposal to teach History in Dzongkha Prospective employees may already know this, with most job applicants even unable to write a decent application letter in English, but a survey has confirmed that Bhutanese students find English more challenging to learn than Dzongkha. …
Read More »India’s fake currency fears slow INR replacement for Bhutan
According to a senior government source, Bhutan is waiting for the India to exchange around INR 2.5 bn or INR 250 crores of demonetized INR 500 and INR 1000 notes from Bhutan. However, though Bhutan’s Foreign Ministry and its Embassy in Delhi has sent requests to India, the Reserve Bank …
Read More »Thromde moves in to acquire 31 acres from 104 Hejo landowners for Diplomatic Enclave
However, many landowners are ready to move court on the issue The Thimphu Thromde in a public notice issued to 104 landowners in Hejo, Thimphu asked them to come forward and collect their government rate cash compensation for their land, which is now meant to be a Diplomatic enclave. The …
Read More »RBP accused of shoddy investigation in Water Terrorist case
The owners of the five buildings affected by the long term water poisoning of the drinking water to their building and tenants, are not satisfied the with Royal Bhutan Police (RBP) investigation into the issue, saying that the main culprit has been let off. The building owners are Jigme Chogyal, …
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