The social media, these days, is often taken as a good barometer of public opinion. In the past few days, the same social media which until recently was used by civil servants and corporate employees to complain, underwent a magical transformation. Social media outlets, especially on Facebook, saw civil servants …
Read More »Draft Economic Stimulus Plan calls for a Nu 5 bn injection into the Economy
The Cabinet sets up a national level task force to finalize the ESP within a week The latest draft Economic Stimulus Plan (ESP) of the PDP government has recommended a Nu 5 bn stimulus plan up from the earlier Nu 3bn ESP pledged by PDP during the campaign process. …
Read More »A closer look at why the RAA declared McKinsey a flop
In 2009, when the government unveiled its decision to hire McKinsey for USD 9.1 mn or Nu 443 mn with the aim of accelerating socio-economic development in Bhutan, there were many critics of the move. Four years later, a Royal Audit Authority (RAA) Report on procurement of consultancy services has …
Read More »A Japanese woman, moved by the Royal visit, leaves more than USD 150,000 in her last will
The fund has been used to set up the Abe Scholarship that will fund two new college students every year Bhutan saw a sharp rise in the number of tourist arrivals in 2012, and the Japanese tourists more than doubled in numbers replacing American tourists as the largest tourist nationality …
Read More »RAA finds deficiencies in Consultancy Services for Hydro projects
The RAA, in its performance report on procurement of consultancy services by the government has pointed out some deficiencies and shortfalls in consultancy services for Hydro projects, which are impacting the construction of Hydro projects. During the period 2007-08 to 2011-12, a total of Nu. 1,804.350 million was spent on …
Read More »Cabinet gives the green signal to Performance Management System
The cabinet in a recent meeting has approved the Performance Management System (PMS) which is expected to roll out in a pilot phase by June 2014 to July 2015 in all government ministries and agencies. It is then expected to be implemented in full from July 2015 till 2018 to …
Read More »Performance Management System aims to reward hard work and pull up slackers
A perennial grouse within the civil service is that irrespective of whether civil servants are hard working or lazy they all get the same treatment when promotions are around the corner. This, civil servants say has lead to a system where some people shoulder the majority of the work load …
Read More »BCCI appeals to govt to reconsider tariff rates saying it will hit consumers and lead to closure of industries
The Ministry of Economic Affairs has formed a task force to study BCCI’s proposal Many residents in Thimphu and other urban areas can be found grumbling and scratching their heads due to a significant jump in their latest electricity bills, as the higher tariff rates approved by the government became …
Read More »Government’s ever increasing consumption of limited resources
The Nu 213bn 11th plan is not only the largest plan for Bhutan, but it also reflects a trend of growing consumption of national resources by the government itself. To illustrate this, of the Nu 213bn 11th plan around Nu 121bn or 57 percent is for current expenditure like salaries, …
Read More »Govt borrows Nu. 2.7 bn from a credit scarce market
In what may not be music to the years of the credit starved private sector, the government has earlier in this month borrowed around Nu 2.7bn from the banks. Of the total amount, Nu 1.7bn was borrowed through Treasury Bills and more than Nu 1 bn was borrowed from the …
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The Bhutanese Leading the way.