Time and again the Royal Monetary Authority (RMA) has been requesting the public to refrain from dishonoring the INR informal exchange but each time a new problem crops up. This time, the practice of overbilling for goods is creeping into border towns. Overbilling means invoicing in excess of prices or …
Read More »Ten days left for vegetable ban, concerned authorities gearing up
The Prime Minister, Lyonchen Jigmi Y Thinley in recently stated on national television that the government will stop the import of vegetables from 5 May. Ten days remain before the actual halt. However, the decision has invited questions and skepticism from various quarters on its timeliness and feasibility. The month …
Read More »Bhutanese poachers behind killing of Tiger and Leopard
Forest officials track down and apprehend three long-time poachers. The tiger was poached by their Indian counterparts along the Assam-Bhutan border on request while the leopard was killed in Nganglam. Three long-time Bhutanese poachers were apprehended in connection with the illegal transaction of tiger and leopard parts on 26 March. However, what …
Read More »Wholesale cartel makes 216% profit on imported vegetables
A study by Department of Agriculture and Marketing Co-operatives shows that Bhutanese kitchens pay exorbitantly high rates and recommends that FCB take over wholesale of vegetables to bring down prices Next time you visit the Centenary Farmer’s Market in Thimphu make sure that you drive a hard bargain. A study by the Department …
Read More »Non-resident foreigners’ bank accounts in country is money laundering: RMA Governor
He added that closing the accounts was always a priority Earlier this week, the RoyalMonetary Authority(RMA) Governor, duringa meeting with about 150 representatives from the private sector, made it clear that Indian businessmen across the border holding bank accounts in Bhutan was not legal and closing these accounts had remained a priority ever since the central …
Read More »BCCI study shows that government spending is main cause of rupee crisis
A government appointed taskforce compromising of civil servants said that the Private sector and private consumption are the main causes of the rupee crisis. This has led to a severe credit crunch especially for the private sector bringing the Bhutanese economy to a virtual halt. However, a study by …
Read More »Premature campaigning for 2013 on in Punakha, say villagers
An interesting tale with an intricate plot and questionable motives is the campaigning that is going on reportedly in Punakha for the next round of elections prematurely. While sources said that other constituencies too are facing the same situation, Punakha’s three would-be contestants are in really aggressive mode. This …
Read More »RMA partially loosens its grip on rupee payments
The Royal Monetary Authority (RMA), at a meeting with the private sector yesterday, announced a host of changes to its earlier circular on the issuance of Indian rupee (INR). One of the major changes was instructions to the private sector to open a rupee account for every manufacturing industry …
Read More »Five epidemic break outs within four months
Five epidemics have been reported so far this year. The latest on 12 April was at the Nyenzergang Lhakhang at Rubesa, Wangduephodrang, when 30 people attending the ritual were infected with Acute Gastroenteritis (commonly referred to as stomach flu or gastric flu). The disease has been contained since then. The …
Read More »Toxin in kharang and ara possibly related to liver diseases
While reports indicate that aflotoxin can directly cause liver cancer, more studies need to be conducted to confirm that the chronic liver diseases in Bhutan are caused by the toxin. Maize products like ara (alcohol) and kharang (beaten maize) were found to contain Aflotoxin, a deadly chemical which caused the …
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The Bhutanese Leading the way.