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 …

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 …

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 …

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 …

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 …

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, …

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 …

When the 2008 Financial crisis crossed American shores and triggered a Global recession not seen since the Great Depression of 1929 the initial reaction in Bhutan was that it would not impact us. However, subsequently the crisis did affect us and to this day the depth and long lasting impact …

The move, however, will take effect only when the Tax Bill is approved by the Parliament The Cabinet, in line with the 100-days pledges, has decided to do away with taxes for small rural businesses. However, before this can be implemented on the ground, the Ministry of Finance will have …

But a Pay Commission is not as simple and easy as recent history shows The Cabinet is in the final stages of forming the Pay Commission with the Ministry of Finance recently nominating the names of members of the much awaited Pay Commission. The Cabinet, in keeping with the Constitution, …