During the Question Hour session, the Nanong-Shumar Constituency MP, Yeshey Jamtsho, raised a question regarding the lifting of the loan moratorium. MP pointed, “The ruling government has pledged to increase the loan-to-value (LTV) mortgage ratio for home and apartment purchases or house construction from the current 70 percent to 95 …
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Nu 1 bn has been set aside for the pledge The Prime Minister clarified that the Government’s plan to allocate Nu 1 billion for supporting one child in a family to go abroad is not intended to apply to every household during the 5th Meet the Press Session. This indicates …
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Over the past two days, the National Assembly has been engaged in discussions and decisions regarding the nation’s budget for the upcoming Fiscal Year (FY) 2024-25 and a supplementary budget for the current fiscal year 2023-24. On June 24, the Chairperson of the Economic and Finance Committee (EFC), Rinchen Wangdi, …
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The National Council’s Economic Affairs Committee (FAC) has expressed serious concerns about the underutilization of the capital budget and potential macroeconomic risks in its review of the Budget Appropriation Bill for Fiscal Year (FY) 2024-2025 and the Supplementary Budget Appropriation Bill for FY 2023-2024. An analysis of past trends reveals …
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The improvement of the Haa-Samtse Secondary National Highway is progressing steadily, with completion expected by 2027. Lyonpo Chandra Bdr Gurung, Minister of Infrastructure and Transport during the 9th sitting of National Assembly shared that the improvement of Haa-Samtse secondary National Highway project is being undertaken in phases, with some stretches …
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During the Question-Hour Session of the National Assembly (NA) the Member of Parliament (MP) of Mongar Constituency, Naiten Wangchuk, raised critical questions to the Minister of Agriculture and Livestock,Younten Phuntsho, regarding the 13th Five-Year Plan (FYP). He expressed concerns about the ambitious goal to increase the agriculture sector’s GDP contribution from …
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A popular Bhutanese artist, Tshering Dorji, has found himself embroiled in a copyright dispute over a tribute song he wrote called “Druk Me Yongi Moenlem”. The artist released the song on 17 December 2023 giving every Bhutanese a powerful song that says it speaks our heart, and is a tribute …
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The Member of Parliament (MP) from Nanong-Shumar constituency, Yeshey Jamtsho, confronted the Minister of Finance over the banking sector’s interest rate policies. The MP raised concerns that while lending rates have stagnated at approximately 14% over the years, deposit rates have sharply declined, leading to increased profitability for financial institutions …
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The agreement shall come into force following the ratification of the Air Service Agreement (ASA) by the Parliament. ASA establishes a formal and legal basis for the contracting parties to operate air services. It lays down procedures and other requirements for Bhutanese airlines to follow while operating to Kuwait and …
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As part of its 13th FYP, the report reveals a substantial investment of Nu 10 billion aimed at equipping the population with the essential skills and knowledge required for the modern economy. “This program is aimed at equipping the Bhutanese population with relevant knowledge and skill-sets for 21st-century economic needs.” …
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The Bhutanese Leading the way.