HEADLINE STORIES

Government’s austerity measures hits the economy

The cost cutting measures adopted by all government agencies as notified by the finance ministry in the wake of the country’s Indian Rupee (INR) shortfall and liquidity crisis has had a visible impact across the country, particularly in the private sector. In the fiscal year (FY) 2012-2013 budgets, provisions for …

Read More »

First NC candidate from Ramjar is a corporate employee

Ramjar gewog of the Thongkozor village in Trashiyangtse Dzongkhag has its first National Council (NC) candidate for the 2013 elections. Backed by more than two decades of service with the State Trading Corporation of Bhutan Limited (STCBL) Karma Gyeltshen, 44 popular among friends as Dotula retired from his post as …

Read More »

A crisis that may go beyond the Rupee and Credit shortfall

While the current economic situation hasn’t shown any signs of abating, it could give birth to a much more severe financial predicament. With all the banking institutions closing their accounts for the year, banks are finding increased numbers of non-performing and defaulting loans. Commercial banks have already alerted their customers …

Read More »