A seventh one will finish his term by next month Government offices in Thimphu and around the country are agog with speculation on who would be the next seven governments secretaries, as five of them will be finishing their Constitutional five year term by end of June 2016, a sixth …
Read More »PIT reform to cost Nu 484 mn and 31,692 people to become PIT free
Govt says change is overdue and it can make up for revenue loss The Finance Minister Lyonpo Namgay Dorji said that that the government’s Personal Income Tax reforms will cost the government Nu 484 mn a year. It will also mean that 31,692 people earning less than Nu 200,000 a …
Read More »PM says not worried over 2018 moves by Opposition and DNT
The Prime Minister Lyonchhen Tshering Tobgay, who is also the People’s Democratic Party President, said that he was not worried with the various political developments as 2018 approaches closer. One political development is in reference to the Druk Nyamrup Tshogpa’s (DNT) open offer to Druk Chirwang Tshogpa (DCT) and Bhutan …
Read More »DNT offer still stands while DCT says strong third party would offer alternative
Both DNT and DCT also said that contrary to the BKP President’s denials the idea of three parties uniting was discussed with BKP Brushing aside any controversy and speculation the Druk Nyamrup Tshogpa (DNT) came out once again to say that its offer of uniting the three new parties into …
Read More »Tax Free PIT slab to be raised from Nu 100,000 to 200,000 & education deduction to be tripled
This is to meet the government’s election manifesto Prepare to have additional savings of up to Nu 10,000 a year as this Parliament session will see the government introducing Personal Income Tax changes that will basically mean that the first Nu 200,000 from your annual income will no longer be …
Read More »OL says DPT is the strongest party on the ground for 2018
The Opposition Leader Dr Pema Gyamtsho said that the Opposition party Druk Phuensum Tshogpa (DPT) is the strongest party on the ground for the upcoming 2018 polls. The OL also dismissed rumors that the DPT is dissolving or would not come for the 2018 polls. The Opposition Leader said, “I …
Read More »Govt will make books completely tax free to promote reading culture
The Cabinet has also asked for a report from BICMA on its new Book rules The upcoming session of the Parliament will see the government seeking the Parliament’s clearance to completely do away with all taxes on books. This will mean that, once approved, the current 5 percent sales …
Read More »PM says govt will intervene if SOEs don’t apply maternity leave reforms
While new mothers in the civil service have six months of maternity leave for exclusive breast feeding, many government owned corporate employees are increasingly left wondering about maternity leave for them. These doubts can now be assuaged with the Prime Minister Lyonchhen Tshering Tobgay saying that the government would have …
Read More »The story behind rescinding of the Ada Rachu circular
On 16th February 2016 the Home Ministry sent out a circular to its Dzongkhag cultural officers instructing them to ensure that women only wore Ada Rachu. The issue became a major controversy after it recently came to the attention of the media and outrage soon spread with many people expressing …
Read More »Climate change becomes a talking point in US Presidential race
One of the wonders of the modern world is the Republican Party in the USA and its stand on climate change, as it refuses to believe in it even calling it a hoax. It was the Republican controlled Senate and Congress that prevented President Obama from making the Paris declaration …
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The Bhutanese Leading the way.