As Bhutan reimagines its economic future in the 21st century, education is emerging not just as a foundational pillar but as a strategic compound for national transformation. The country’s 21st Century Economic Roadmap places educational services at the heart of its development agenda, envisioning a globally competitive, resilient, and values-driven …
Read More »NC says several provisions of Penal Code needs to change
The Interim Report on the Amendment of the Penal Code of Bhutan 2004 presented by Legislative Committee identifies several issues with the Bhutan Penal Code. Dzongkha-English Harmonization The Penal Code of Bhutan (PCB) was enacted in both Dzongkha and English, While this bilingual approach is intended to uphold inclusivity and …
Read More »NA EAC Report on ESP says more should be allocated to Concessional Credit
The National Assembly’s (NA) Economic and Finance Committee (EFC) has come up with its Report on the Implementation of the Economic Stimulus Program (ESP) of Nu 15 bn. With a total funding envelope of Nu. 15 billion (bn), the ESP aimed to revive the economy through a mix of concessional …
Read More »A progressive Tax Reform
Traditionally, in the eyes of public officials one of the biggest sins a businessman could commit is to drive an expensive car. Another fact is that many public servants favor SOEs over private companies and see the SOE fulfilling a national role, while private companies are regarded as not being …
Read More »US Fiscal Irresponsibility Is Everyone’s Problem
By Paola Subacchi PARIS – As Donald Trump’s “big, beautiful” tax bill heads to the US Senate, investors everywhere are growing increasingly uneasy. On May 16, the credit-rating agency Moody’s downgraded US sovereign debt from its long-held triple-A status to Aa1 – following similar decisions by Standard & Poor’s (in …
Read More »A coming storm
One of the main responsibilities of the Press is to warn the nation and society of any major impending crisis or disaster, before it happens. This paper has been writing for a while about a perfect economic storm that is now within our horizon. The storm is not an imaginary …
Read More »Carbon Pricing Is Advancing Despite Trump
Adair Turner LONDON – Many fear that America’s withdrawal from the Paris climate agreement will undermine the international consensus to reduce greenhouse-gas emissions. Yet just in the last month, there have been two major steps toward widespread carbon pricing where it is needed most. To be sure, carbon pricing is …
Read More »ESP issues
The Economic and Finance Committee of the National Assembly held a high powered hearing on various issues around the Economic Stimulus Plan (ESP). Though this is not the first time that hearings are being held this is the first time that it was done at such a high level with …
Read More »Prepare for the Global Euro
By Hélène Rey International monetary and financial systems may not be immutable, but nor do they change often. That is why the upheaval spurred by US President Donald Trump’s trade and tariff war is so remarkable – and difficult to decipher. To figure out what is going on, it is …
Read More »War Clouds
The brutal terror attack and killing of 26 innocent tourists on 22nd April in Jammu and Kashmir has triggered military conflict and attacks between India and Pakistan. From the wee hours of 7th May till 9th May there were military attacks and exchanges between both sides with the situation only …
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The Bhutanese Leading the way.