The Thimphu district court’s bench five verdict not only pronounced a Nu 450,000 compensation for Dasho Benji in the defamation case filed against him, but it also caused a political earthquake by saying there is a prima facie case of sedition against the Druk Phuensum Tshogpa (DPT). If the sedition …
Read More »BDBL unauthorized loan enhancement case balloons to Nu 576 mn
The Anti Corruption Commission (ACC) has found that the Bhutan Development Bank Limited (BDBL) project officer, Pema Nidup gave up to Nu 576 mn in unauthorized loan enhancements. An unauthorized loan enhancement is a situation where the relevant committee of the Financial Institution has only allowed a certain amount of …
Read More »Dangchu Gup’s resignation and the LG Pandora’s box
Less than month after receiving Dhar and Kabney from His Majesty The King in the symbolically significant Simtokha Dzong and a few weeks after taking the oath of office, the Dangchu Gup, Sonam Dorji in Wangduephodrang Dzongkhag put up his resignation on 14th November 2016 which was accepted by the …
Read More »URC land reform to benefit farmers and unemployed youth
It would also prevent hoarding of state land by public agencies The National Land Commission (NLC), in a few months time, will be coming up with the User Rights Certificate (URC) land reform which is expected to facilitate the allotment of state lands for agricultural and economic purposes in rural …
Read More »Underage admission leads to humiliation and beatings
One of the worst kept secrets of schools in both Thimphu and across Bhutan is an increasing trend to admit underage students based on family pressure and tacit acceptance by schools. This is in violation of Ministry of Education rules which allows admission only on reaching the age six. One …
Read More »RMA and Banks agree to prioritize lending for Agricultural projects
One of the key aspects of His Majesty’s National day address was on the opportunities for the youth in commercial farming and food processing, and also the benefits to the country and the youth if the banks can enhance credit to this underfunded sector. His Majesty also recognized and acknowledged …
Read More »MoA further up scaling its efforts after Trongsa address
Post His Majesty The King’s 109th National Day address in Trongsa that emphasized on the agricultural sector, the Ministry of Agriculture and the government are coming up with new Agricultural programs and also enhancing its ongoing ones. Lyonchhen Tshering Tobgay said, “The Ministry of Agriculture is closely studying the National …
Read More »Bhutan gets INR 130 mn against requirement of 1.750 bn
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 …
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