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 …

The controversial Education City project is standing on increasingly shaky legal grounds as a strong and detailed letter from the National Land Commission (NLC) sent on January 9, 2013 has declined to lease or allot the 1,000 acre land for the project. The letter, in a chronological order, states various …

The bill, however, has to pass the National Assembly where each amendment and section will be voted on The National Assembly’s Legislative Committee, after several rounds of consultations and a thorough review of the Right to Information (RTI) bill, has removed most, if not all, restrictive clauses that had initially …

For months now, increasing number of credit and cash starved Bhutanese citizens, businesses and entrepreneurs have only read or heard about the broad generalities of the Nu 5 bn Economic Stimulus Plan (ESP) which is also expected to be approved by the National Assembly, as part of its Supplementary Budget. …