The Bhutanese Leading the way.
With a total outlay of Nu 45.504 bn the 2015-2016 financial year annual budget is the best indicator of the government’s plants on the economy and its various sectors. Of the Nu 45.504 bn the capital expenditure is Nu 23.476 bn which is 25 percent higher than in 2014-2015 annual …
Read More »Draft PPP policy proposes an autonomous Public Private Partnership Agency under MoF
The meet-the-people program is for all Bhutan citizens, not just those who have wealth and power or those who support the People’s Democratic Party (PDP), the Prime Minister Tshering Tobgay emphasized during the question hour session of the National Assembly on 19th May. He also said it’s very important to …
Read More »Tenancy Bill aims to give tenant and house owner equal rights
The joint sitting of the Parliament passed the Tenancy Bill 2014, with a vote of 66 to two with four abstaining. The chairperson of the joint committee, Karma Tenzin, said that the bill will benefit the society because the amendment would give equal rights and benefits to both tenants and …
Read More »Public Debt projected to increase over the years
The total debt projection for the period 2013-2014 and 2017-2018 shows an increasing trend. By the end of the period, the public debt figure is projected to be Nu 258.78 bn. The debt to GDP ratio will be over 120 percent, according to the report of the Royal Audit Authority …
Read More »His Majesty graces the opening of 5th Parliament Session
His Majesty the King graced the opening session of the fifth session of the second Parliament yesterday. His Majesty was accompanied by Her Majesty the Gyaltsuen and Members of the Royal Family. His Majesty and Her Majesty were received in traditional chipdrel ceremony by the Prime Minister, National Council Chairperson, …
Read More »The economy is improving: Economic Affairs Minister
During the 16th Meet-the-Press session, the Minister, Ministry of Economic Affairs, Norbu Wangchuk, said the economy is beginning to show signs of robustness. He said that the government had inherited an empty coffer, made worse by a debt of INR 5.4bn. He further said that they had inherited a growth …
Read More »Blue kewa datshi anyone ?
If the on-going study by the Research and Development Centre (RDC) at Yusipang is successful, Bhutanese farmers, in addition to the current potatoes variety, will be soon able to cultivate one more variety called the Adirondack Blue potatoes. The Adirondack Blue is distinguished by its blue flesh as well as …
Read More »Organic farming to help achieve food security: Agriculture Minister
Some 51% of Bhutan’s land is chemical free and settlements are few. The Minister of Agriculture and Forest, Yeshey Dorji, said “the country can obtain food security by organic farming in future as we did in the past through natural farming.” Speaking at the 16th meet-the-press, the minister pointed out …
Read More »IT Park down but not out
Setting up an IT park is one of three components of the Bhutan Private Sector Development Project, which was initiated by the Royal Government of Bhutan. Its main objective is to support the private sector-led economic growth that is capable of combating youth unemployment and to help to diversify the …
Read More »More wildlife trespassing into human domain
The increasing incidences of wildlife encroaching into human territories and coming in direct confrontation with humans, even in urban areas, is evidence enough that the line of separation between human settlements and animal habitats are closing in. A general reason for the trend is due to the wildlife habitat fragmentation …
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