In what may not be music to the years of the credit starved private sector, the government has earlier in this month borrowed around Nu 2.7bn from the banks. Of the total amount, Nu 1.7bn was borrowed through Treasury Bills and more than Nu 1 bn was borrowed from the …
Read More »Why Bhutan can’t ignore the USA’s debt ceiling troubles
When the 2008 Financial crisis crossed American shores and triggered a Global recession not seen since the Great Depression of 1929 the initial reaction in Bhutan was that it would not impact us. However, subsequently the crisis did affect us and to this day the depth and long lasting impact …
Read More »Evolution and stagnation of the Bhutanese media
One of the chapters in Gyambo Sithey’s latest book, “Democracy in Bhutan- the First Five Years,” provides an analysis of the transition of media in Bhutan over the past years. It includes how the media scenario in the country progressed, the impact it had on democratic Bhutan, how the private …
Read More »Cabinet does away with taxes on small rural businesses
The move, however, will take effect only when the Tax Bill is approved by the Parliament The Cabinet, in line with the 100-days pledges, has decided to do away with taxes for small rural businesses. However, before this can be implemented on the ground, the Ministry of Finance will have …
Read More »Government clears road to formation of a Pay Commission
But a Pay Commission is not as simple and easy as recent history shows The Cabinet is in the final stages of forming the Pay Commission with the Ministry of Finance recently nominating the names of members of the much awaited Pay Commission. The Cabinet, in keeping with the Constitution, …
Read More »His Majesty inaugurates RIGSS a premier new think tank for Bhutan
His Majesty the King graced the opening ceremony of the Royal Institute for Governance and Strategic Studies (RIGSS) in Phuentsholing on Thursday. The institute was established as a Royal Initiative of His Majesty the King with the mandate or vision to promote excellence in governance, leadership and strategic studies. His …
Read More »His Majesty talks to graduates
“It’s no longer a question of whether we can do it or whether we can’t. It’s a question of whether we get up and do it. It’s a question of whether we care enough about our future. ” His Majesty the King, while expressing his concerns for the nation also …
Read More »ECB says DPT and PDP had cleared all liabilities in 2012 but RAA says it is yet to get updates from both parties
However, both ECB and RAA agree that the final financial status of all parties will emerge after an upcoming political parties Audit slated to start next week The Chief Election Commissioner Dasho Kunzang Wangdi in a telephonic interview said that both DPT and PDP had cleared all pending financial liabilities …
Read More »An Audit on the first five years
Chapters in the book include an independent enquiry of the pledges claimed to have been fulfilled by the DPT administration, transformation of the media, details of the first constitutional case, the ‘bittersweet’ relation between the two houses of Parliament, CDG and the economy, among other analysis of institutions, events and …
Read More »Govt plans subsidized rice and curry cooker, water boiler along with free 100 units of electricity
The scheme is aimed at rural areas in line with its promises and also to reduce rural drudgery and save the environment The Prime Minister Tshering Tobgay said that the government would not only honour its election promise of free electricity in rural areas, but consider giving subsidized rice cooker, …
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The Bhutanese Leading the way.