MoIC Minister declared his conflict of interest and did not participate in cabinet meet on MLCP says MoF Minister The Finance Minister Lyonpo Namgay Tshering said that while it is too early to say whether the Multi Level Car Park project (MLCP) project will fail or do well he said …
Read More »RMA relaxes regulations to pump in billions in liquidity into Financial Institutions
A Ministry of Finance report outlining a short to medium term recovery plan for the economy lists various measures being taken by the Royal Monetary Authority (RMA) to pump in billions in liquidity into Financial Institutions. The end result for this means that there should be more money for banks …
Read More »Prioritized Curriculum to be used as the New Normal Curriculum henceforth
After the closure of schools in the country on March 18, 2020, the Ministry of Education (MoE) implemented adaptive curriculum and assessment instead of conventional school curriculum and assessment. In the case of E-Learning, the assessment will be done as per the adaptive curriculum at the end of the academic …
Read More »Thromde and KCR rejected recommendation to hire an independent consultant to monitor construction of MLCPs whose cost went from Nu 478 mn to Nu 1.168 bn
The question now is if the government should foot a private company’s bill indirectly by giving more concessions The International Finance Corporation (IFC) as the main advisor and facilitator of the Multi Level Car Parks (MLCPs), among its many functions, did two important things. The first is that it researched …
Read More »Survey completed for first ever Bhutan-India rail link from West Bengal to Samtse and construction to start within a year
Will facilitate boulder exports by linking up to Bangladesh The Indian Railways have completed a field survey of the first ever railway line between Bhutan and India which will be a 37.5 km stretch between Mujnai in West Bengal and Neyopaling village under Phuentshopelri Gewog in Samtse. The location is …
Read More »MoEA recommends Private Investment in health care without restrictions
But not privatization of the current free medical services The Ministry of Economic Affairs was tasked by the government as one of the key agencies to come up with various recommendations to help the economy to deal with the COVID-19 impact. The MoEA as part of its recommendations has recommended …
Read More »His Majesty undertakes a 7-day quarantine after a Royal Tour to the South
His Majesty The King arrived in Thimphu on 13th October from Phuentsholing, concluding a Royal Tour of the entire southern region which began on 26th September. In accordance with the COVID protocol for travel from high risk areas, His Majesty took the COVID test before embarking for Thimphu, and will …
Read More »Govt violated FDI rule to allow MLCP FDI partner to pull out, waives off Nu 8 mn in penalty and Thromde asks govt to waive off millions more in Concession Fees
Space being created for 270 vegetable vendors from CFM will accommodate 57% of CFM vendors and push up commercial space from current 20 % to 38 % The two Multi Level Car Parks (MLCPs) run by the KCR Private Limited has been in the news of late over the closure …
Read More »RAA Report alleges irregularities in tendering of MLCPs and parking revenue loss to Thromde
It also says only fraction of all parking fees money in Thimphu collected by two private companies goes to Thimphu Thromde A section of the ‘Performance Audit on Urban Planning and Development in Thimphu Throm,’ report by the Royal Audit Authority (RAA) has pointed to various irregularities and inconsistencies in …
Read More »All Schools in the country to open next year: MoE
Students in the country have missed out on school because of Coronavirus, but the education ministry plans to open schools for the 2021 academic year with a few exceptions. Chief Program Officer and officiating Director General of School Planning and Coordination Division (SPCD), Kinley Gyeltshen said this year students have …
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