The Bhutanese Leading the way.
With the government counting on mining as one of the key growth areas of the economy, however, the performance audit on Bhutan’s mining sector by the Royal Audit Authority (RAA) points out some issues in service delivery and delays in processing mining applications. The data provided by Department of Geology …
Read More »RAA points out Nu 1.125 bn in irregularities and losses in its audit of the mining sector from 2008-2012
The Royal Audit Authority (RAA) in it performance audit report on the mining sector has found weak and ineffective monitoring by the government and also certain practices by mining companies which favored promoters and disadvantaged minority shareholders. The report titled, ‘Performance Audit of Tax on Mining and Quarrying Sector,’ covers …
Read More »FM’s report: Pool vehicles to continue, PIT to be amended and changes made in pay revision report
The Finance Minister Lyonpo Namgay Dorji on Monday 17th November 2014 will be sharing the response and the actions of the government on various resolutions on financial matters passed by the National Assembly and National Council. The minister in his report has said that the government carried out a detailed …
Read More »Bhutan celebrates the 59th Birthday of His Majesty the Fourth King
“Long Live Our King” written on a banner and carried by many colourful helium-filled balloons floated high in the clear blue sky. Below were thousands of children, youth and elders looking at the floating balloons, one of the exciting moments, at the celebrations of the 59th Birth Anniversary of His …
Read More »Indian President receives a grand and warm welcome
In a special, unprecedented gesture and a break from protocol, His Majesty The King along with Her Majesty the Gyaltsuen received the Indian President, Pranab Mukherjee at the Paro International Airport. Thousands of Bhutanese citizens and also school children from both villages and towns gathered along the Paro to Thimphu …
Read More »As ACC freezes seven plots in Thimphu more details emerge on the land case
In the clearest sign that the Anti Corruption Commission is looking into allegedly illegal land deals in Thimphu involving former Gup Naku, former National Land Commission (NLC) Director Tshewang Gyeltshen and NLC Disputes Settlement Committee head Karma Jamtsho, the ACC issued two freeze notices on 30th of October freezing seven …
Read More »President of India inaugurates JWPTI
The President of India, Pranab Mukherjee, inaugurated the Jigme Wangchuck Power Training Institute (JWPTI), a government of India assisted project, at Hotel Taj Tashi in Thimphu yesterday. A report from the Ministry of Economic Affairs, Royal Government of Bhutan, states that JWPTI was proposed for capacity building, and for the …
Read More »Ministry of Railways of India looking at feasibility of doing an additional railway route to connect Bhutan
The first-ever railway link connecting India and Bhutan, the Golden Jubilee Railway, was established to commemorate the 50th Anniversary of Pandit Jawaharlal Nehru’s historic visit to Bhutan in 1958. During a press conference in Thimphu yesterday, the Foreign Secretary of India, Sujatha Singh, said that Ministry of Railways is looking …
Read More »Alstom in 2 letters to GoI alleged that BHEL overcharged by up to 30% for P II and Mangdechu
Letters from Alstom and Andritz also complain of being left out of P II and Mangdechu even though they were capable In two letters sent in 2013, one to the then Minister for External Affairs Salman Khurshid, and another to the then Deputy Chairman of the Planning Commission Montek Singh …
Read More »RAA report highlights risk of increasing debt in hydro projects
The Royal Audit Authority (RAA) report on Public Debt Management from 2008-2013 while acknowledging the benefit of the hydro projects in Bhutan has also pointed out several risks posed with the huge debt concentrated in this single economic activity. The report says that the debt structure of last five years …
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