The Bhutanese Leading the way.
The goodwill generated during Prime Minister Narendra Modi’s visit and the traditional ties of friendship between Bhutan and India has not been restricted to only kind words about each other. This April 2014 to 2015 March annual budget of India has allotted a substantial amount to Bhutan’s 11th plan priorities …
Read More »Govt revamping FDI and EDP to make them more pragmatic and kick start the economy
The PDP government is in the process of studying and making some changes to the existing, Economic Development Policy (EDP) 2010 and the Foreign Direct Investment Policy (FDI) 2010 to promote economic activities and make Bhutan more investment friendly. Minister for Ministry of Economic Affairs (MoEA) Lyonpo Norbu Wangchuk said, …
Read More »Each Minister given one indicator to push Bhutan to the top 100 position in the global ‘Doing Business Indicators’
A high powered Better Business Council is also being finalized and it will include members from the private sector After coming into power, one of the big economic promises of the government was to improve Bhutan’s dismal 141st ranking in 2014 on the World Bank’s Ease of Doing Business ranking …
Read More »Govt to mine and export raw minerals for revenue through the State Mining Corporation
One big but brief and barely noticed announcement in the Prime Minister’s state of the nation address was the government’s plan to form a State Mining Corporation (SMC) that would export minerals to India and Bangladesh. This paper has learnt that, though in the early stages, the Ministry of Economic …
Read More »NA’s Entitlement Bill may run into NC wall with its newfound ordinary Bill status
The Bill which was portrayed as a money bill earlier has now been found to be an ordinary Bill giving the NC a say while reviewing it in the Winter Session A key moment in the passing of the Parliamentary Entitlement (Amendment) Bill in the National Assembly was when the …
Read More »DNT blasts both PDP and DPT for weakening democracy
In a strong statement the Druk Nyamrup Tshogpa (DNT) has condemned both the ruling People’s Democratic Party (PDP) and the Opposition Druk Phuensum Tshogpa (DPT) party over the large pay hike and entitlements given to Politicians during the recent Parliament session. The DNT statement said, “The issue per se is …
Read More »A complaint box against ministers set up in the PMO
The Prime Minister’s office will be establishing a mechanism for the public to lodge complaints against Cabinet Ministers. This will, however, not cover inappropriate acts of other position holders, like Members of Parliament, Government Secretaries and senior civil servants whose complaints if found should continue to be lodged with the …
Read More »NC resolves not to accept hike until government’s revenue stream is clear
The National Council in a surprise move has decided to not accept the new pay hike applicable to MPs until the revenue sources to pay for these are finalized and implemented by the government. This is line with the various recommendations of the National Council to the National Assembly on …
Read More »PM announces nine measures and five jewels to strengthen the Economy
The most important part of the State of the Nation (SOTN) address of the Prime Minister focused on the economy. The PM earlier tweeted “Have decided to cover as many areas as possible in SOTN, but most time will be spent on the economy and economic growth for self-reliance.” The …
Read More »PM to give up Nu 50,000 a month from his salary
The Prime Minister in his state of the nation announced that he would be slashing Nu 50,000 per month from his salary and giving it to a charity at the end of five years.This would come to Nu 600,000 per year and Nu 3 mn in five years. The PM …
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