BUSINESS

The National Council unanimously ratified the Cape Town Convention on matters specific to Aircraft Equipment called the ‘Aircraft Protocol’ on June 5. Of the 22 members present, 17 voted for the convention while five abstained from voting. Briefing the council on the convention, Information and Communications Minister Nandalal Rai, said …

The Royal Insurance Corporation of Bhutan (RICBL) is offering additional designed products with complete coverage terms and conditions, including benefits designed to insure its customers. RICBL currently has about 30 schemes and services. With an array of attractive products in its kitty, the RICBL believes their new products will cover …

Most employees in vehicle showrooms have been in fear since the Rupee crunch that their jobs are treading the thin line. With sales still stagnated due to the  wait for a confirmed status on the revised vehicle taxes, and the customers put-on wait for banks to lift the suspension on …

The Royal Monetary Authority (RMA) will tie-up with the Reserve Bank of India sometime between the third or fourth quarter of this year, on the cross border connectivity to enable the shared payment network. This plan falls under the Bhutan Financial Switch (BFS) project, which is being done in collaboration …

The representative for Christopher Benninger defended the legality and legitimacy of the Indian-American architect on grounds that the government of Bhutan invited the ‘unregistered foreign consultant’ to design the new Pemagatshel dzong. In an e-mailed response to The Bhutanese, Benninger’s Public Relations Officer (PRO), Ramprasad Akkisetti said they were not …

Majority for a more comprehensive one that comes through consideration and discussion The private member draft RTI bill sponsored and proposed by National Council (NC) member Sangay Khandu failed to garner the required-support to be tabled as an urgent bill in the 10th parliamentary session following discussions in the NC …

Thimphu’s biggest housing complex will be constructed at Gangchay, a forestry land, little away from the Thimphu Gate. This 30 acre land which falls at the periphery of the municipality boundary is a National Housing and Development Corporation’s (NHDC) project; this complex will be larger than the current Changjiji housing …

The 60 km road which is the main road that enables Indo-Bhutan trade and connects Gomtu residents to other part of the region is plagued with giant potholes, but has not been repaired for a while. The Head of the Administrative section under Penden Cement Authority Limited (PCAL) Thinley Tenzin …

In the face of Indian Rupee (INR) shortfall and excessive consumer goods imports, the finance ministry has allocated a fair percentage of the total budget towards the agriculture sector. The maximum budget, as always was allocated for the education sector. The report presented by finance minister Wangdi Norbu to the …

Who should be held responsible for the INR shortfall? asked Opposition Leader (OL) Tshering Tobgay to the finance minister at the Q&A session in the National Assembly (NA). The OL said in the last session “When I said there is a problem, the government denied it”. Today, apart from selling …