The ministry of finance has issued a public notification on 24th of December cautioning all importers and exporters against repetitive offense of under-valuation, mis-declaration and non-declaration of the imported and export consignment. “If there is willful violation of the provisions, the ministry can easily detect that and punish the offenders …

One of the renewable sources of energy that could prove to be a boon to far flung parts of Bhutan as well as viable alternative to hydropower energy is solar energy by which, after much deliberation in the national assembly, its potential has been acknowledged by reduction and doing away …

PM presents the State of the economy in the SOTN The State of the Nation report presented by the Prime Minister said supply chain disruptions and increasing commodity prices contributed to high food inflation with another factor being switching of drivers between high and low risk areas.  Soaring prices have …

Within the span of six months (July to December) this year, the Office of Consumer Protection (OCP) under the Ministry of Economic Affairs, penalized 50 business entities and shops for the violation of the Consumer Protection Act of Bhutan, 2012 and Consumer Protection Rules and Regulations, 2015. They were also …

Two questions have been raised by the national council against the ministry of economic affairs regarding the mining activities in the country. This first is will the mining activities and issuance of mining licenses resume or be on halt and what are the plans of the government to pass the …

The National Council questioned the MoEA Minister Lyonpo Loknath Sharma on delays to the 600 MW Kholongchu project as decisions are getting delayed at due to major differences of views and opinions between the Shareholders (DGPC and SJVNL) and a hung Board with 50:50 membership with a Chairman who has …

It may be only a matter of time before the ripple effects of the new, uniquely mutated version of Coronavirus, named B.1.1.529 or ‘Omicron’ is felt in Bhutan after reaching India along with 41 countries.  “It is impossible not to feel the impact of the Omicron in Bhutan, as we …

During the second Qestion and Answer parliamentary session, two questions were raised against the Finance Minister Namgay Tshering on whether it was legal to use the general reserve funds for development of gewogs in Finance minister’s own constituency. The general reserve funds are reserved for meeting unforeseen, unavoidable and unexpected …

The Civil Society Organization (Amendment) Bill of Bhutan 2021, Private Members Bill and three Money Bills, the Customs Duty (Amendment) Bill of Bhutan 2021, Tax (Amendment) Bill of Bhutan 2021, and Goods and Services Tax (Amendment) Bill of Bhutan 2021 were tabled during the first day of sixth session of …

Although hydro power is one of the most important source of revenue in the country, but it constitutes around 73 percent of the national debt, and although government has assured the people that hydro debt is self-liquidating, concerns has been raised on what the government is doing to bring the …