BUSINESS

The Chairperson of the National Council (NC) recently posted online the mistakes he found in the Class V Social Studies textbook.  Dasho (Dr) Sonam Kinga pointed out mistakes, such as errors in spellings, facts and grammar in the textbook. “This is unacceptable! We cannot teach children using textbooks containing such …

Farmers are now looking forward to growing diverse fruits as the agriculture ministry is in the process of establishing cold storage facilities in places, like Gelephu in Saprang , Nganglam in Pemagatshel and Gyelposhing and Lingmethang in Mongar and Samdrupjongkhar With such facilities in place, the Agriculture Minister, Yeshey Dorji, …

Waste collection in Thimphu, Bhutan’s largest urban sprawl, is now fully outsourced to private operators with Clean City Services handling the capital’s north zone. ThimphuThromde outsourced the north zone, comprising the Taba areas, to Clean City for Nu 435, 290 a month. Collection in the city’s east and south zones …

Consumers are seeing an increase in commodity prices in many shops, starting from a small paan (doma) shop to major grocery shops. The major worry is that the price hike will spread to all consumer items if the road condition continues to deteriorate due to the bad weather. To this …

The Thimphu police have arrested a 28-year-old man for an attempted case of human trafficking where he planned to send two Bhutanese girls to his contact in Johor, Malaysia. According to police, the suspect served two years 10 months and 17 days in West Admiralty Prison, Singapore (12 April 2013 …

For months there has been talk, especially from the government of a major policy to basically reduce loan interest rates. That policy billed as a ‘National Policy’ by the Royal Monetary Authority was the ‘Minimum Lending Rate’ policy effective from 1st August 2016 which replaces the earlier 2012 Base Rate …

Developing and least developed countries, like Bhutan are the least able to recover quickly when natural disasters strike due to inadequate financial support and a low insurance penetration. The obstacles to recovery efforts are added by growing climate change which causes droughts, floods, melting glaciers, rising sea levels and reduced …

The National Council in its discussions said the government sold USD 197 mn since 2014 to meet rupee requirements. This was soon picked up by the Opposition whose members also raised the issue questioning the government’s claim that the rupee crisis is over. In response, both the Prime Minister and …

The Royal Monetary Authority (RMA) will be auctioning Nu 5.5 bn worth of Treasury Bills on behalf of the Ministry of Finance to mop up some funds from the market. The RMA Governor Dasho Penjore said the RMA is facilitating the auction for the Ministry of Finance. The Finance Minister …

National Council (NC), in its 17th Session, discussed issues pertaining to the minerals and mining sector. The House discussed on the rights and ownership of mineral resources granted under the Constitution of Bhutan, and growing corruption in the sector was also highlighted during the discussion. On the questions put up …