The numbers are in, and the data shows that there is a major drop in Bhutanese heading for Australia in 2024 compared to 2023. In January and February 2024, a total of 1,787 Bhutanese got student and dependent visas compared to 3,169 in January and February 2023. However, the 2024 …
Read More »Bhutan’s former Lottery Agent is highest contributor to Indian Political parties
Several illegal online lotteries still operational in Bhutan’s name in India In a surprise revelation, it has been found that the largest donor to Indian political parties is Bhutan’s former Lottery Agent Santiago Martin. Martin’s company Future Gaming and Hotel Services purchased Rupees (Rs) 13.68 billion (bn) of Electoral Bonds …
Read More »32 bn internal debt in Government Bonds and T-Bills
USD Reserves at USD 589 mn When the new government came into office they were left with Nu 22.1 bn in government bonds debt and Nu 9.8 bn in Treasury bill debts, both of which are the highest ever. Both borrowings are from the domestic market and primarily from Financial …
Read More »Addressing a Nu 59 bn shortfall in the 13th plan
The draft 13th plan at the moment is Nu 512 billion (bn) and so far, the plans submitted by the ministries is taking the plan up to Nu 600 bn even. However, this is expected to be rationalized and brought down to a more realistic figure in the coming weeks. …
Read More »Nu 100 bn commitment includes 13th plan support and ESP
Indian Prime Minister Narendra Modi had announce a total grant package of Nu 100 bn for the next five years for Bhutan. This includes Nu 85 bn as support for the Nu 512 bn 13th Plan and Nu 15 bn for the Economic Stimulus Plan (ESP) requested by the current …
Read More »What Modi’s visit means for Bhutan
It is said that the Himalayas and Prime Minister Narendra Modi have always had a special relationship. At a time when younger people look for comfort and security PM Modi at the young age of 17 travelled for two years in the Himalayas taking early morning icy baths , seeking …
Read More »Advanced talks with Tata on 600 MW Kholongchu project
More IG model projects unlikely as Bhutan-India hydro cooperation evolves Negotiations are at an advanced stage for Tata Power to be involved in the 600 MW Kholongchu hydro project. Around two to three rounds of meeting have already been held and it has been agreed in principal that Tata power …
Read More »81% of Bhutan’s air pollution comes from our neighbors
While our air is better than our neighbors it is not as clean as we think it is PM 2.5 contributions from different countries to total PM 2.5 in Thimphu for different seasons Except for the last few days the air quality in the last few weeks have been noticeably …
Read More »63-year-old illiterate man convicted for forging an English signature
His daughter points out several lapses in the forensic evidence and procedure used for his conviction On the 6 March 2024, the Supreme Court passed a verdict convicting a 63-year-old man named Legola to three years in prison in Chamgang jail for forging the English signature of a Kelzang Dolkar …
Read More »When bank employees turn into bank robbers
The earlier trend of bank heists by bank employees in Bhutan was giving unauthorized loans or fattening up loans, but now there is a new shift in the trend with bank employees directly taking money from the accounts of clients or the banks own cash for the day. The first …
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The Bhutanese Leading the way.