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The CSI Report 2013 states that the number of Cottage and Small Industry (CSI) dropped due to the slowdown in the construction sector, earlier in 2012 after the Royal Monetary Authority (RMA) issued directives to freeze construction loans by given by commercial banks. In Bhutan, CSI constitutes 95 % of …

Almost all aspects of the Nu 5 bn Economic Stimulus Plan has been debated whereby Nu 4 bn will be given as loans through Financial Institutions while Nu 1 bn will go into subsidized special support schemes. However, there has been little focus on the anticipated challenges in implementing the …

A 17-year-old minor was raped by a 23-year-old man in the night of March 11 in Haa. The suspect was well known to the victim and her elder sister as he was a daily customer in the elder sister’s bar. The victim had stepped outside the bar to wash dishes …

A major part of the government’s Nu 5 bn Economic Stimulus Plan is the Nu 1.9 bn in Revolving Funds, for mainly small and cottage industries and rural businesses, to be implemented by the Business Opportunity and Information Center (BOIC). The BOIC has received a major impetus with the selection …

“Like in other parts of the world, Chronic Kidney disease is also seen as a growing problem in Bhutan. National statistics tell us that the number of patients diagnosed with Chronic Kidney disease is rising each year,” said the Health Minister Tandin Wangchuk, during the event of World Kidney Day, …

The Pay Commission report, according to a reliable source will propose around a 20 percent pay hike for civil servants. The exact details are not yet forth coming but a 20 percent hike is confirmed for Civil servants. This paper has also learnt that the report in line with the …

Apart from a lot of handshakes and diplomatic niceties at the Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC) one main issue is how Bhutan gained at the end of the day. The Prime Minister Lyonchhen Tshering Tobgay said that apart from the summit he was …

Indian government also grants approval to four JV project agreements The Indian PM Manmohan Singh’s assurance to the Bhutanese PM Lyonchhen Tshering Tobgay of releasing an additional Nu 17.65 bn for the Punatsangchu 1 project will ensure that work can go on in full swing in the project. This is …

This would push the total fund amount to nu 4.7 bn of the nu 5 bn esP Bhutan will be getting an additional Nu 1 bn for the Economic Stimulus Plan by the end of this month. This would take the total ESP fund to Nu 4.7 bn from the …

Government may also launch an investigation on other aspects of the project The Prime Minister Lyonchhen Tshering Tobgay said that the Cabinet had decided to close the Education City project and has instructed the Bhutan Education City board to complete the remaining procedures to wrap up the project. The Lyonchhen, …