One key aspect of the recent Royal Address in the Parliament was that despite a lot of budget and time spent in the past to address various issues facing the nation, the outcome was not satisfactory. The address in essence brought out the repeated failures of the governance system and …

The Property Tax Bill is a long due up gradation of the land and property taxes stuck since 1992. However, what does not make sense in this bill is the provision to transfer the local land and property taxes collected so far in local government CD accounts into the central …

In the last year of any elected government, they normally stay a mile away from any controversial decisions or legislations that would impact its political prospects. The most controversial of these are tax legislations that increases taxes. However, almost counterintuitively this government has already introduced two major tax legislations that …

Earlier in April this year, the former Dzongda and JDWNRH President, Lhab Dorji, stabbed and assaulted an ACC Director while his family members assaulted an ACC Commissioner in the Supreme Court premises. The incident was a massive security failure and so it is good that following the incident the RBP …

I’m not a banker, but I’m surprised by the patent lack of understanding displayed by FM Lyonpo regarding the lifting of moratorium on CSI and BDBL.   I read recently a notice by the RMA clarifying the underlying reason and rationale for the imposition of the moratorium in the first place.  …

The transformation reforms from its inception has generated much speculation, but His Majesty’s detailed Royal Address to the Parliament not only clarified all confusions but also showed that the reforms are keeping the people at its very center. His Majesty’s impactful words that the people cannot serve the RCSC, RMA, …

NEW YORK – In 1897, the American newspaper magnate William Randolph Hearst sent illustrator Frederic Remington to cover the Cuban War of Independence. When Remington relayed that “there will be no war,” Hearst allegedly cabled back: “You furnish the pictures, and I’ll furnish the war.” It’s an old story with a well-known moral: …

The Ministry of Health which used to share the weekly dashboard with the number of COVID-19 positive cases quietly stopped doing so more than a month ago. There is no longer much advice on avoiding unnecessary mass gatherings, and most indoor meetings are occurring without facemasks. The talk of getting …

On the occasion of the 11th Royal Wedding Anniversary many people shared a picture of His Majesty The King with Her Majesty The Gyaltsuen from last year. The picture was notable as it showed the large amount of weight lost by His Majesty and the visible stress of the pandemic …

NEW YORK – Economists are supposed to be good at understanding risk. Decision-making in the face of uncertainty, after all, is the discipline’s bread and butter. Yet at a time when real-world risks – geopolitical, macroeconomic, financial, public-health, and environmental – are piling up, many economists seem to be at …