HEADLINE STORIES

These are certainly new times and with this bold promise from the DNT camps, it certainly calls for newer measures from other parties as well to up the ante. Through its ‘Mitser Thoblam Chathrim’ or the Citizens’ Dividend Act’ the Druk Nyamrup Tshogpa (DNT) promises to ensure equal shares in …

There are growing concerns that that the government is providing too much concessions and resources to the Education City at a time when the country is facing severe cost saving measures. Also, there is also concern on the viability of the multi-billion Education City project, especially since till date the …

As the Election Commission of Bhutan (ECB) gears toward the 2013 elections stepping-up on electoral education and deploying returning officers as far as New York, the general atmosphere for the sphere of politicos remains apprehensive, especially about voter-turnout. Talks doing the round in the circle of political enthusiasts is that, …

The Royal Monetary Authority Governor, Daw Tenzin focused on the rupee shortage and the credit crunch in the RMA Annual Report released this Monday. The report covers the financial year of July 2011 to June 2012. Referring to the measures taken in light of the rupee and credit crunch the …

Just as Bhutan’s rupee borrowings are about to touch the ceiling there could soon be some major relief as Bhutan will be entitled to get USD 100 mn or Rs 5.5 bn from the Reserve Bank of India for a period of six months. This is under the SAARC currency …

Four Bhutanese citizens have been detained in Kathmandu the capital of Nepal after they were caught by custom officials for carrying banned Rs 1,000 denominations coming to Rs 98,000 and also 3,000 USD. In Nepal, like in Bhutan the carrying of Rs 1,000 note denominations is forbidden and people entering …

The banking sector according to the Royal Monetary Authority (RMA) of Bhutan has seen a decline of 17.7% of their total assets. In the RMA’s annual report released yesterday, it stated that the commercial banks’ reserves declined from Nu15.4bn as of June 2011 to Nu 10.5bn in June 2012, representing …

In what is a major international and regional honor for Bhutan, His Majesty the King has been invited as the Chief Guest for the 64th Republic Day of India, on 26 January 2013. His Majesty the King has accepted the invitation. The invitation by the Indian government and its acceptance …

  The management is optimistic but with little or no commercial takers at all the country’s first IT Park continues to remain vacant The future of the thirteen month old Nu 285mn worth Thimphu TechPark Pvt. Ltd. (TTPL) still looks bleak as it has failed to attract big companies from …

Only 16.8% of stream water sources and 28% of spring water sources are safe for drinking, showing that the majority of drinking water sources in rural Bhutan are a potential source of  diseases if consumed directly. Water resources is visibly not a cause for concern in Bhutan with more than …