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 …

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 …

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 …

Indian government also grants approval to four JV project agreements The Indian PM Manmohan Singh’s assurance to the Bhutanese PM Lyonchhen Tshering Tobgay of releasing an additional Nu 17.65 bn for the Punatsangchu 1 project will ensure that work can go on in full swing in the project. This is …

Government may also launch an investigation on other aspects of the project The Prime Minister Lyonchhen Tshering Tobgay said that the Cabinet had decided to close the Education City project and has instructed the Bhutan Education City board to complete the remaining procedures to wrap up the project. The Lyonchhen, …

The Opposition party’s press conference alleging that the government had not done much in 200 days has the government taking out their performance record. The Prime Minister said the Cabinet, in less than seven months, had 27 cabinet meetings while the former government took 10 months to have 27 cabinet …

Responding to allegations from the Opposition party that the government had not yet offered a new strategy to deal with public debt, the Prime Minister said that public debt minus hydropower debt had actually come down under the new government. He said that as of June 30, 2013, the total …

The Cabinet, in a meeting held on February 17, decided to close down the Education City project based on the several legal issues and objections raised by the National Land Commission over the proposed allotment of 1,000 acres of land to the project. The first half of the meeting saw …

After extensive rounds of meeting and negotiation, both Bhutan and India have agreed on Nu 1.740 bn as excise duty refund for 2012 from the Indian government. The formal agreement will be signed on Saturday evening between the Director of Revenue and Customs Bhutan and the Director General of India’s …

The Education City project unknown to most Bhutanese originally was thought up and planned by the Royal Education Council as early as 2007. The newly formed REC underwent a lot of consternation when its mega project idea was not accepted by the new government in 2008. Coincidentally a year later …