Headline Stories

Credit Restriction could lead to defaulters

One of the major remedies adopted by the Royal Monetary Authority (RMA) to contain the Indian Rupee (INR) crunch is increasing the credit to deposit ratios and also risk weightages dramatically, which in short means that banks in complying with these measures have little or no cash to lend. One …

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Private money lenders make hay while the sun shines

In the backdrop of financial institutions freezing loans due to the rupee crunch, private money lending has become a thriving business in the country though the procedures are illegal. This business is also rampant mostly in gambling dens. There are money lenders thriving on the spending sprees of gamblers, said …

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Govt and RMA also responsible for rupee crunch

Till now, both the government and the RMA have put the bulk of the blame for the rupee shortage on private consumption, private sector and credit expansion while shirking any blame themselves  The two main causes cited for the rupee crisis by the government and the Royal Monetary Authority (RMA) …

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Druk Nyamrup Tshogpa: A new party in a new avatar

The party which was till now known as Social Democratic Party has now taken birth with a new name, “Druk Nyamrup Tshogpa,” a people- centered party that values every individual’s voice and choice in pursuit of the country’s development and progress. The party unveiled its logo and ideology on 5th May which was considered to be an auspicious day for the …

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Bhutan’s press freedom index ranking drops by six places

MoIC surprised with the new ranking  The France-based international non-governmental organization, Reporters Without Borders (RWB) which conducts an annual ranking comparing each nation’s state of press freedom, has placed Bhutan at 70th, six places down in the rung from last year’s 64th. This has caused a certain amount of surprise in relevant authorities. Information and …

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