The Bhutanese Leading the way.
The Royal Monetary Authority (RMA) recently came out with a public notification stating that Bhutanese Exporters as per Section 24 of the Foreign Exchange Rules and Regulations (FERR) 2020, have to receive money from residents in India as INR and that too through the banking channel. In this regard the …
Read More »RAA finds Nu 8 mn embezzled from Thimphu Thromde’s revenue and fines account
Case expected to be sent to the ACC for investigation Thimphu Thromde management issues legal action threat to The Bhutanese over the story An ongoing Performance and Compliance Audit Report of the Thimphu Thromde by the Royal Audit Authority (RAA) has show that around Nu 8 million is missing from …
Read More »Ruling and Opposition Parties uneasy with ECB’s new rules on experienced candidates and showing money for pledges but 3 other parties welcome it
The Election Commission of Bhutan (ECB) has come up with new rules that mandate that candidates have to have served in office in the public or private sector with exemplary conduct and performance for five years for the NA and 10 years for the NC. This is in addition to …
Read More »New ECB rules require 5 and 10 years work experience for NA and NC candidates and manifestos should disclose how promises are to be funded
The Election Commission of Bhutan (ECB) has come up with a new set of ‘Rules on Elections Conduct in the Kingdom of Bhutan, 2022’ which has some new changes and additions in election rules. The main change is in the qualifications to be a candidate for the National Assembly and …
Read More »Agriculture and Finance Ministers questioned by ACC over appointment of now convicted CSI Board Director
A Conflict of Interest cloud hangs over the two ministers The Minister for Agriculture and Forests Yeshey Penjor and Finance Minister Lyonpo Namgay Tshering were questioned by the Anti Corruption Commission (ACC) recently over the appointment of the former Board Director of the National Cottage and Small Industries Development Bank …
Read More »Behind the passport fiasco
On Thursday a group of six Bhutanese on a Druk Air flight to Kathmandu carrying the green colored travel documents were not allowed entry into Kathmandu at the Tribhuvan International Airport and were deported back. The six Bhutanese and a seventh one in the same group who had a passport …
Read More »Indian Power Secretary to visit Bhutan to discuss future of Kholongchu and 10,000 MW by 2020
With the 600 MW Kholongchu project being closed down as a Joint Venture project there are now questions over its future. Another matter long due for discussion is on what will happen to the 10,000 MW by 2020 agreement signed between the two countries given that most of the projects …
Read More »Bhutan drafts MoU aimed at cheaper oil price and supply consistency
India’s Petroleum Minister has agreed to have an MoU During the recent visit of the Ministry of Economic Affairs (MoEA) Minister Loknath Sharma to Delhi, he raised the matter of the need for a Memorandum of Understanding (MoU) between the two governments on the supply of fuel to Bhutan with …
Read More »RUB to revamp, phase out and introduce new courses across all 12 Colleges to make Graduates more employable
The Royal University of Bhutan (RUB) is currently in the midst of revamping many courses, doing away with some and getting in new courses in all 10 institutes under it and also the two private colleges affiliated to it. The Vice Chancellor (VC) Nidup Dorji while confirming the above said …
Read More »Govt looks at restricting non-food imports as reserve hits new low
With the country’s foreign reserves getting lower by the month the government is looking at ‘rationalizing imports,’ whereby the imports of certain non-food and non-essential commodities may be restricted. Lyonpo Namgay Tshering of the Ministry of Finance (MoF) said that Bhutan currently has USD 845 million (mn) of foreign currency …
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