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Most FI’s though will not apply lowered rates on defaulters    With all banks slashing loan interest rates on a variety of products like housing, transport, personal, service, education, manufacturing, agriculture etc, the main question that has emerged is on what will happen to the existing clients and existing loans. …

At 3 pm on Thursday 64 year old Tshering Wangmo went to the kitchen and turned on her tap, but to her shock instead of water she got ‘diesel water’ and frothy bubble coming through the pipe. Soon her kitchen was covered in the fumes from the fuel. Still not …

After getting the banks to reduce loan interest rates the Royal Monetary Authority (RMA) and the government now want to encourage people to save through more attractive deposit rates and also tax free fixed deposits. While the RMA is already working towards a monetary policy of encouraging banks to come …

Private sector welcomes the cuts   Following the Bank of Bhutan’s (BoB) move to slash its loan interest rates  earlier this month, all other banks like Bhutan National Bank (BNB), Tashi Bank (T-Bank), Bhutan Development Bank (BDB) including the National Pension and Provident Fund (NPPF) have also cut interest rates …

On 9th September, when DPT introduced Chencho Nidup as its new North Thimphu candidate to its party members and the media, requests for interviews or questions from the press were strangely declined. This was because behind the scenes Chencho Nidup’s appearance at the event almost did not happen as the …

The voters of North-Thimphu constituency are angrier than ever at politicians, and at laws that tolerate the resignation of elected party candidates before completing their terms. Resignation of a prominent Member of Parliament (MP) from Druk Phunsuem Tshogpa (DPT), Kinga Tshering, of North-Thimphu constituency, has left the people frustrated. They …

Her Majesty the Gyaltsuen, the Ozone Ambassador graced the occasion. Various ministries, agencies and schools participated at the event. The Vienna Convention for the Protection of the Ozone layer is an international treaty that addresses the depletion of Ozone layer by gradually phasing out the use of Ozone Depleting Substances. …

In a first, Bangladesh will be the first country apart from India to invest in a major hydropower mega project in Bhutan, in the form of the 1125 MW Dorjilung project. This comes after India recently and informally agreed to the investment from Bangladesh in Bhutan. India’s assent is important …

Tenzing Lamsang/ Thimphu The People’s Democratic Party (PDP)’s candidate for the vacant North Thimphu constituency is 33 year old former 2013 National Council candidate Tshering. Prior to that he worked for three years with BBS and currently before his selection he was managing his sister’s construction company. In what is …