HEADLINE STORIES

While the plan is on-going, four land owners have opted not to participate in the land demarcation The demarcation of land at Debsi under Chang gewog has started with the approval of the Ministry of Works and Human Settlement (MoWHS). However, four major land owners have not consented to the …

The Bhutanese had earlier highlighted the role played by the vehicle and fuel imports, government expenditure and Royal Monetary Authority’s reserve management, and the balance of trade as some of the causes of the rupee crisis. The bulk of the report, however, focuses on private consumption and credit growth as …

Food Corporation of Bhutan will instead import vegetables for vendors “There is no vegetable import ban, the story of there being a Ban on the import of vegetables is not true”, said the Agriculture and Forest Minister Lyonpo (Dr.) Pema Gyamtsho. The minister said that the Food Corporation of Bhutan …

One of the major remedies adopted by the Royal Monetary Authority (RMA) to contain the Indian Rupee (INR) crunch is increasing the credit to deposit ratios and also risk weightages dramatically, which in short means that banks in complying with these measures have little or no cash to lend. One …

Bar association (Jabmi Thuentshog) and Bar Council (Jabmi Tshogdey) which were to be formed in 2009 remain only in name. According to sections 2 and 14 of the Jabmi Act of Bhutan 2003, there should be a Jabmi Tshogdey and Jabmi Thuentshog but the Jabmi Act was never implemented till …

The government task force report on the rupee shortage has predicted a grave economic future for Bhutan if the rupee crisis  continues unabated, impacting millennium developmental goals, socio-economic development, external debt servicing, dollar reserves and trade balance. After the Financial Year (FY) 2012-2013, the convertible currency or dollar reserves of …

Druk Mitser Tshogpa has approached Executive Director of Bhutan Media Foundation Lily Wangchuk to be the party president. “The party president will be a woman as we respect women and  emphasize on taking care of our youth,” said a party member of Druk Mitser Tshogpa, Tandin Tshering According to the …

The per capita per day vegetable availability is 139g for every person against the minimum requirement of 200g and domestic production of vegetables is 30,595 MT (metric tons) against the requirement of 54,445 MT. In view of this the Prime Minister announcing that vegetable imports would be stopped from May …

In the backdrop of financial institutions freezing loans due to the rupee crunch, private money lending has become a thriving business in the country though the procedures are illegal. This business is also rampant mostly in gambling dens. There are money lenders thriving on the spending sprees of gamblers, said …

Till now, both the government and the RMA have put the bulk of the blame for the rupee shortage on private consumption, private sector and credit expansion while shirking any blame themselves  The two main causes cited for the rupee crisis by the government and the Royal Monetary Authority (RMA) …