There was a RMA reaction today in a newspaper to an article by Dasho Karma Ura titled, “THE RUPEE CRISIS MACROECONOMIC CAUSES AND CURES.” It seems RMA officials have not read the article carefully. In what was published so far, which is Part 1 out of presumably more parts, not …

The Punatsangchu Hydroelectric Project Authority (PHPA) managing director (MD), R.N Khazanchi confirmed to The Bhutanese that the November 2016 completion date of the Punatsangchu I would no longer be feasible. This is on account of the sinking of the right slope situated above the dam site by as much as …

Following the country’s current economic situation, particularly the severe Indian Rupee (INR) shortfall, growing public debt and ever increasing current expenditure, the new government has decided to adopt a host of austerity measures, especially concerning the cabinet members, to curb unnecessary and excessive spending. Setting an example, the fourth sitting …

The sixth meeting of SAARC finance ministers is scheduled to be held in Colombo, Sri Lanka on August 30, 2013 preceded by the finance secretaries meet a day in advance. SAARC finance ministers usually meet within the first quarter of every year to take stock of macroeconomic developments and outlook …

The Royal Civil Service Commission, Royal University of Bhutan, Ministry of Education, Ministry of Health, Ministry of Labour and Human Resources, Gross Nation-al Happiness Commission, Bhutan Narcotics Control Agency, Royal Bhutan Police, National Commission for Women and Children and RE-NEW endorsed the proposal to establish Bhutan Board for Certified Counselor …

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 …