The Draft Clean Wage Document of the Ministry of Finance in phase two of the Clean Wage reform recommends exiting all in house drivers from the civil service, remove office cars, do away with the system of of traveling in private cars and claiming mileage. It says this service could …
Read More »His Majesty speaks from the heart
In the last few months ever since a series of transformation reforms began in various sectors, there has been some confusion, some fear and apprehension and a degree of uncertainty. However, after His Majesty The King finished his Royal Address to the Parliament on Friday there was not a single …
Read More »10,000 MW by 2020 given a quiet burial with P I and II as the last projects
Indian team not for the barrage solution proposed by Bhutan for P 1 The Indian Power Secretary Alok Kumar and his team was in Bhutan on an official visit from 29 October to 1 November during which he met with the Prime Minister Dasho Dr Lotay Tshering and had discussions …
Read More »Draft Clean Wage Document proposes Nu 8,000 to Nu 1,000 hike for CS
A leaked copy of a draft Clean Wage Document sent by the Ministry of Finance (MoF) to the Ministry of Education (MoE) in April 2022 gives an idea of what the 5th Pay Commission is working on as part of the Clean Wage reforms for the civil service. A recent …
Read More »Doing away with GNHC is fine but planning and policy vetting should be maintained: Experts
The doing away of the Gross National Happiness Commission (GNHC) and the transfer of its various divisions to the Cabinet, Ministry of Finance and Center of Bhutan and GNH Studies has raised questions on how these agencies will play the key planning, policy vetting and coordination role of the erstwhile …
Read More »RMA open to Nu and INR exchange for Jaigaon but agencies and rules in India create barriers
One of the hotly discussed topics these days both in the social media and media is the deteriorating Ngultrum and INR parity rate in Jaigaon reaching around 7% against the Nu which means Nu 107 is equivalent to around INR 100. There have been constant requests from traders in Jaigaon …
Read More »Around 60,000 passports being flown in next week
In mid August there was a lot of unhappiness as the Passport Office under the Foreign Ministry ran out of passports due to unprecedented demand and started issuing travel documents. It was said then that the passports are expected to come by the end of October 2022 as per the …
Read More »‘I Believe in Building Bridges’ – Ryhaan Giri
In a first, the popular Voice of Nepal singing competition welcomed its first Bhutanese contestant, 22-year-old Ryhaan Giri, who performed barefoot on stage during the blind audition round on 9 September 2022, winning both the hearts and respect of the Nepalese musical judges and the mass audience that follows the …
Read More »Now Druk PNB stops education loans for Australia
The Druk Punjab National Bank (PNB) has stopped giving the special education loans for students aspiring to go to Australia. This comes a few weeks after the Tashi Bank had also stopped the same. T-Bank had to stop its education loan after exceeding the RMA rules that forbids any bank …
Read More »No loans for 6 months if you don’t pay loans within 90 days
The Royal Monetary Authority (RMA) in a recent notification to all Financial Institutions (FI) has laid down strict new guidelines for Non Performing Loans (NPL). An NPL is a loan which has not been paid for 90 days or more. As per the RMA order if anybody enters NPL then …
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The Bhutanese Leading the way.