Introduction This seven-part article analyses the causes and cures of the INR shortage from a macro-economic point of view. It will cover the following topics: (2) purposes of foreign currency reserves, (3) options after running down reserves, (3) first cause of INR shortage: excessive monetary growth, (4) second cause of …

The Bhutanese media scene is currently experiencing a strange paradox. Despite the challenges and odds, it has achieved much since the inception of democracy in 2008, to the point of being a major factor in Bhutanese democracy. Scams have been exposed, wrongs have been righted, broken systems have been fixed, …

To enhance the developmental dimension and the creation of a more secure lending environment, the Royal Monetary Authority (RMA) launched Central Registry System for Secured Transaction (CRST) yesterday morning in Thimphu. “The security on property can become a major element of the investment decision both for domestic and international investment …

Off late most media houses have been speculating on the resignation of the former Prime Minister ex-Lyonchhen Jigmi Y Thinley who is also the DPT President. The media speculation has come about because of the Speaker’s office raising various legal and other doubts ranging from interpretation of the National Assembly …

The newly formed PDP government has the onerous task of incorporating its promises into the 11th Plan document. The new government will find that while many of its promises are in sync with the plan, however, many other promises will have to be incorporated into it. The task for the …

Jose Mourinho’s pursuit of Manchester United striker Wayne Rooney will go right down to deadline day with the Chelsea manager admitting the club will continue their chase “until the last day”. Unsettled striker Rooney has long been rumoured with a move to Chelsea, speculation building that the England international will …

This was concluded at the second cabinet meeting The current security protocol for VVIPs and VIPs, 2013, an eight page document which is believed to have been drafted by the DPT government just before the recent elections is now subject to change. The ministry of home and cultural affairs (MoHCA) …

Chemshing or “rosary bead tree” is a tree species belonging to the genus Zizyphus under the Rhamnaceae family. Zizyphus species generally are hardy species which can tolerate drought and can grow in shallow and dry conditions. There are three chemshing (Zizyphus sp) trees growing in Shaba, Paro. The species has …

Ms. Christina Carlson, UN Resident Coordinator called on Lyonchhen Tshering Tobgay at the Gyalyong Tshogkhang on August 5, 2013. Ms. Carlson and Lyonchhen discussed on the Eleventh Five Year Plan, Wangtse Chhirpel, addressing poverty and enhancing entrepreneurship. Lyonchhen told Ms. Carlson that the 11th FYP was drafted by the previous …

This is with regard to the article titled “DHI does not expect electricity tariffs to increase beyond 15%” which was published on the 27 July 2013 issue of The Bhutanese sent in by DHI. The article is very misleading and it has created more misunderstanding within the minds of the …