Bhutanese community leaders meet and discuss in Perth The USA may have experienced the California Gold Rush in the mid 19th century, but Bhutan is experiencing its very own ‘Australia Rush’ that started as a trickle around a decade ago, but is now a mighty and roaring river. The city …
Read More »RCSC clarifies its new rules
Certain provisions of the Royal Civil Service Commission’s (RCSC) new rules for civil servants called Rules for Administrative Disciplinary Actions (RADA) that limit the ability of civil servants to share information or express themselves has set the cat among the pigeons not only among civil servants, but also media professionals. …
Read More »Committee studying a ‘Clean Wage’ system for Bhutan
As part of the larger reforms a committee in the Ministry of Finance is studying the concept of ‘Clean Wage,’ system that provides a comprehensive pay package free of allowances, both open and hidden. The aim is to bring in transparency, motivate the civil servants and also change their behavior …
Read More »MoF slashes short-term trainings and consultancy budget by Nu 1.4 bn
If the two most wasteful budget heads can be identified under the annual budget head of the government then they would probably be the short term trainings or conferences in luxury hotels in Paro and Punakha where the outcome is usually questionable, and also the endless number of consultants hired …
Read More »MoEA drafts RGOB-GoI MoU for lower fuel prices but issues still remain
The Ministry of Economic Affairs (MoEA) has drafted a Memorandum of Understanding (MoU) for the sale of fuel from India to Bhutan that primarily aims to change the current set up and reduce fuel prices in the process. The aim is to get this MoU signed at the government to …
Read More »How Phajo Nidup duped a land seller in a Nu 170 mn Thimphu deal by paying only Nu 0.8 mn
In yet another instance of duping people over land deals, Phajo Nidup, in mid 2021 had entered into a legal agreement to buy 4 acres of land in Kabesa, Thimphu from local resident, Dawa Zangpo, for Nu 170 million (mn) , but Phajo paid only Nu 800,000 or Nu 0.8 …
Read More »Management Control, Financing and Construction award issues leads to end of Kholongchu JV model
The Minister of Economic Affairs (MoEA) Loknath Sharma recently announced in Parliament that the 600 MW Kholongchu Project would no longer happen under the Joint Venture model of 50:50 ownership between Satluj Jal Vidyut Nigam Limited (SJVNL) and Druk Green Power Corporation (DGPC). The final straw that broke the camel’s …
Read More »Pvt Sector and Banks wrestle over Phase Four Monetary Measures as Govt tries to be a referee
The Royal Monetary Authority (RMA) recently announced the Phase Four Monetary Measures that offers loan deferments between one year to two years and eight types of loan restructuring depending on the risk category. However, in a meeting between the government, Bhutan Chambers of Commerce and Industry (BCCI), heads of Financial …
Read More »Phajo Nidup at center of Nu 657 mn bank fraud & default detained in fraudulent cheque writing case
Though there are several ongoing court cases and even some court verdicts pertaining to around Nu 657 mn in double and triple mortgages with banks and also cheating land buyers in Phuentsholing, Phajo Nidup finally was detained on 13 June 2022 as part of a fraudulent check writing case by …
Read More »Another Phajo Nidup victim poorer by 16.5 mn comes forward
Yet another victim of Phajo Nidup came forward as part of the multiple Phuentsholing land cases that involve the banks too and around Nu 657 mn in double and triple mortgages. This victim’s case pertains to the 5 acres and 33 decimals in Pekarzhing, Phuentsholing that Phajo fraudulently sold to …
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