The much awaited and discussed Pay Commission report will be presented to the Parliament by the Finance Minister on 29th May 2014. The third session of the second Parliament will be starting on 16th May and Concluding on 20th June 2014. The Pay Commission report among other things had recommended …
Read More »Finance Ministry proposes opening up home loans
The Ministry of Finance, in a meeting with the Royal Monetary Authority (RMA) on 4th April 2014 proposed that housing loans, under certain conditions, be opened up again. The Finance Minister Lyonpo Namgay Dorji said, “In the meeting with the RMA we discussed the possibility of opening up loans to …
Read More »Why Bhutanese Women need Quota in Politics
Looking at both the domestic and international scenario for women in politics and going through some literature by various individuals and institutions. I have come to the conclusion that ‘Women’s Quota’ in Bhutan will be an important and necessary step to ensure minimal representation of women in Parliament. The development …
Read More »Women in Politics meet recommends 20 to 50 percent quota in politics
Most conferences in Bhutan usually see a significant thinning out after lunch. However, ACC Chairperson Dasho Neten Zangmo in her closing remark said the ‘National Consultation-Conference on Women in Politics in Bhutan’ was the only conference of its sort in Bhutan where she saw participants staying well into evening for …
Read More »Citing lack of tenants Singaporean company APG to pull out of its 70% share in the Nu 500 mn Thimphu Tech Park
The Assetz Property Group (APG), which holds 70 percent of the Thimphu Tech Park Limited (TTPL), through a letter dated 10th March 2014 has announced its intention to withdraw from the project. The APG in its letter says, “While APG appreciates the goodwill and support received from the RGoB changes …
Read More »Bhutan’s ‘Apa Kinley’ selected as Secretary General of Colombo Plan
Kinley Dorji, 61, popularly known as ‘Apa Kinley’ beat candidates from many countries to be selected as Bhutan’s first ever Secretary General of the Colombo Plan. The Colombo Plan is the first international developmental organization which Bhutan joined in 1962, and which played an important role in Bhutan’s development process, …
Read More »4 steel industries come together in a ‘strategic alliance’ to catch bigger fish
The alliance is to capitalize on a new excise duty exemption being granted to domestic steel companies supplying to hydro power projects Bhutan’s steel industry, which saw a downward slump since 2008, are now more hopeful as 4 major steel factories will be working together in what they are calling …
Read More »After getting a new CEO, Nu 1.9 bn BOIC will be operational in around 3-4 months
A major part of the government’s Nu 5 bn Economic Stimulus Plan is the Nu 1.9 bn in Revolving Funds, for mainly small and cottage industries and rural businesses, to be implemented by the Business Opportunity and Information Center (BOIC). The BOIC has received a major impetus with the selection …
Read More »Pay Commission proposes a 20 percent hike
The Pay Commission report, according to a reliable source will propose around a 20 percent pay hike for civil servants. The exact details are not yet forth coming but a 20 percent hike is confirmed for Civil servants. This paper has also learnt that the report in line with the …
Read More »Bhutan’s gains from the Third BIMSTEC summit
Apart from a lot of handshakes and diplomatic niceties at the Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC) one main issue is how Bhutan gained at the end of the day. The Prime Minister Lyonchhen Tshering Tobgay said that apart from the summit he was …
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The Bhutanese Leading the way.