Headline Stories

Another New political party comes forward

This will take the total number of political parties to six for the 2013 elections. One of the main organizers of the party, Sonam Tobgay says that the party is a ‘unique one’.   In the recent months there had been speculation of a political party organized primarily by a …

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Pedestrian day rocks a bittersweet symphony

There was very little that could trump the ‘Pedestrian’s day’ initiated in an all altruistic fashion with citizens ‘walking’ to their daily destinations of jobs, schools and businesses. The nation’s premier Lyonchen Jigmi Y. Thinley himself was the torchbearer to the whole ‘save the environment’ initiative. The Prime Minister walked …

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Regional RTI experts recommend Bhutan join the club

The two day awareness seminar for Right to Information (RTI) in capital saw experts from India, Bangladesh, USA and the World Bank advising Bhutan to adopt RTI as an important tool for good governance, transparency, democratization and also to prevent corruption. The experts also said that RTI Law will benefit …

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Jo Stiglitz and UN-DESA say USD reserve management and government deposits in banks exacerbated rupee crisis

The Nobel laureate said that Bhutan’s USD reserves is too high with low yields creating more debt through rupee borrowings and that government deposits in financial institutions fuels credit growth Noble laureate Professor Joseph Stiglitz pointed out weaknesses in Bhutan’s monetary (banking and financial regulation) and fiscal (government expenditure and …

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