The National Council in a surprise move has decided to not accept the new pay hike applicable to MPs until the revenue sources to pay for these are finalized and implemented by the government. This is line with the various recommendations of the National Council to the National Assembly on …

There is no doubt that Bhutan is facing an unprecedented economic crisis caused by the rupee shortage and credit crunch resulting in a shrinking economy and private sector and the strong austerity measures in place. The unemployment rate is also on the increase as companies are either not hiring or …

Ever since Mr Narendra Modi convincingly led the BJP to a spectacular 282 seats victory in the 2014 General Elections, there has been much speculation, guesswork and research done in various foreign capitals around the world on the Prime Minister of the world’s largest democracy and an emerging super power. …

Modi to address a joint sitting of the Parliament, receive an audience with His Majesty the King and His Majesty the Fourth King, and unveil some projects On the eve of the Indian Prime Minister Narendra Modi’s visit and amidst the hectic preparations and scheduling of meetings, Prime Minister Lyonchhen …

One the major reasons that the National Assembly approved high vehicles taxes ranging from 100 percent for small cars to 180 percent for bigger cars was due to the allegedly high number of vehicle ownership and imports. The Tax Bill of the government even went to the extent of putting …

Also small rural businesses to be exempt from Bit and fixed deposit earnings to be no longer charged with Pit For those itching to buy a new vehicle, they  may jump for joy as the government will allow import of vehicles, but their enthusiasm may be dampened after taking a …

In what has almost become a time honoured tradition, a civil service pay hike is usually followed by a pay hike by Druk Holdings and Investment (DHI) companies and Ministry of Finance owned (MoF) corporations. The DHI Chairman Dasho Sangay Khandu said that DHI would be conducting a study to …

The government’s 2014-2015 budget will see the government spending Nu 37.09 bn of which the current expenditure (salary, fuel, stationery etc) will be Nu 21.89 bn and the capital expenditure (construction of roads, schools, hospitals etc) will be Nu 15.20 bn. This would mean 51 percent for capital expenditure and …

And not 40% plus hike as most people had calculated Understanding the pay hike rates in the government’s complicated final Pay Revision report, approved by the Cabinet, did not come easy to many of us. The confusion was made worse by various sources interpreting different hike rates. A separate Pay …

Lyonchhen Tshering Tobgay sent a congratulatory message to India’s new Prime Minister elect Narendra Modi of the Bharatiya Janata Party yesterday evening. The BJP led National Democratic Alliance lead by Narendra Modi won a massive landslide majority in the 2014 general elections winning around 340 seats in total well above …