The Ministry of Health (MoH) has issued a map with a red line across southern Bhutan from Samtse to Samdrupjongkhar that will be Bhutan’s second line of defence against COVID-19 given the rising risks along Bhutan’s southern borders. The red line demarcates the high risk areas which are the whole …
Read More »Govt considers surcharge on fossil fuels, hiking vehicle registration fee and mineral royalty to meet revenue deficit
The COVID-19 pandemic has led to the government coffers taking a major revenue hit. Under the current economic circumstances, the Ministry of Finance has calculated that of the projected Nu 33.2 bn domestic revenue in 2020-21 Financial year it will meet only 30.4 bn which is a Nu 2.8 bn …
Read More »Unemployment to jump from 2.7% in 2019 to 8.3% in 2020 in best case scenario: MoF
Food Inflation to keep rising The Ministry of Finance in a report to the government has said that even in the best case scenario of an ongoing lockdown the unemployment level in 2020 is expected to be 8.3 percent up from 2.7 percent in 2019. This would translate into 27,500 …
Read More »ACC tells NC it can give view on BIMSTEC SG only after investigation
In response to the National Council asking for the ACC to validate if sections 54, 58 and 63 of the Anti Corruption Act of Bhutan 2011 (ACAB) had been violated in the government nominating Tenzin Lekphell as the next Secretary General of BIMSTEC, the ACC wrote back on 21st September …
Read More »Karmi Tongchoey for late Amir of Kuwait
His Majesty The King offered prayers and a thousand butterlamps for His Highness the Amir of Kuwait, Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah at the Samdrup Jongkhar Rabdey Dratshang on 30 September 2020. His Majesty is on a tour of the east and south of Bhutan, accompanied by His Royal Highness …
Read More »His Majesty The King and His Majesty The Fourth King on Royal Tours in the South
His Majesty the Fourth Druk Gyalpo visits a shop during a visit to Damphu town His Majesty The King and His Majesty The Fourth Druk Gyalpo are both on Royal Tours to different parts of southern Bhutan, to encourage the people and motivate them to remain resilient, as we continue …
Read More »MoEA plans to scrap 50% of all red tape to start a business and will further liberalize FDI
Plans are also in place encourage mines, industries and trade In order to deal with the COVID-19 impact on the economy and enhance economic growth, the Ministry of Economic Affairs (MoEA) will be leading efforts to remove various red tape, regulatory and licensing requirements to make it much faster and …
Read More »Parents of the Paro case and Dena Koirala await justice
The two heinous crimes involving the violent deaths of two minor girls are still under investigation. Parent’s of both the deceased girls await justice while the Royal Bhutan Police (RBP) says they are still investigating the cases. Both the cases have been given high priority by the RBP and they …
Read More »Govt to guarantee collateral free loans upto Nu 30 mn under National Credit Guarantee Scheme
The government launched the National Credit Guarantee Scheme on Monday.which it will guarantee large portions of loans without any collateral. The ones eligible for these collateral free loans will be from the Cottage and Small Industries (CSI) who will not require collateral except 10% equity and startups under this category …
Read More »Private Sector proposes cheaper loans, tax reduction, new tourism policy, cheaper electricity and better coordination
The biggest hit of COVID-19 has been taken by the private sector and so the Private Sector Task Force for COVID-19 which has already played an important role in giving private sector feedback for Phase Two of the relief measures, quite a few of which was accepted and adopted, is …
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