The Bhutanese Leading the way.
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 …
Read More »Why Bhutan can’t ignore the USA’s debt ceiling troubles
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 …
Read More »Cabinet does away with taxes on small rural businesses
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 …
Read More »Government clears road to formation of a Pay Commission
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, …
Read More »His Majesty inaugurates RIGSS a premier new think tank for Bhutan
His Majesty the King graced the opening ceremony of the Royal Institute for Governance and Strategic Studies (RIGSS) in Phuentsholing on Thursday. The institute was established as a Royal Initiative of His Majesty the King with the mandate or vision to promote excellence in governance, leadership and strategic studies. His …
Read More »ECB says DPT and PDP had cleared all liabilities in 2012 but RAA says it is yet to get updates from both parties
However, both ECB and RAA agree that the final financial status of all parties will emerge after an upcoming political parties Audit slated to start next week The Chief Election Commissioner Dasho Kunzang Wangdi in a telephonic interview said that both DPT and PDP had cleared all pending financial liabilities …
Read More »Bhutanese Mines found to be dirty, mismanaged and not contributing enough in RAA report – Part 2
In 2008 a RAA Performance Audit report on the mining sector opened the eyes of the country to an out of control mining sector which was violating various norms and laws, destroying the environment and also creating losses for the exchequer. The report was discussed in the Parliament itself and …
Read More »RAA uncovers massive violations in leasing of hundreds of acres of government land-Part 1
A Royal Audit Authority report titled, “Leasing of government land, Government Reserved Forest land and Mines’ found several irregularities, violations and flaws in the leasing of hundreds of acres of government land to communities, government corporations, institutions, private companies and private individuals. The report done from 14th September 2012 to …
Read More »Government’s final RTI Bill moves one step front and two steps back
The RTI Bill finalized by the cabinet this Tuesday got some controversial additions that may make it more difficult to get information for those seeking information and easier for those not wanting to share it. The cabinet also did not remove or change any of the provisions in the draft …
Read More »Provisions in draft RTI Bill that could turn it into a paper tiger
Keeping its promise the PDP government will be introducing a Right to Information (RTI) Bill in the upcoming session of the Parliament. In fact of the first three cabinet meetings two of them had presentations on the draft RTI by the Ministry of Information and Communication (MoIC) officials. The Cabinet …
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