HEADLINE STORIES

Bhutan and India have agreed to have equal share to the revenue that the former’s hydropower projects would earn through carbon credits under Clean Development Mechanism (CDM) project of the United Nations Framework Convention on Climate Change (UNFCCC).   CDM allows emission reduction projects in developing countries to earn a …

With Penden Cement Authority Limited (PCAL), the main supplier of cement to hydro projects across the country currently facing a severe supply crunch, it has placed an order for 5,000 MT of cement with ACC in Orissa, a top brand Indian cement company, in addition to the already imported lot. …

While you will pay Nu 2.14 per unit from July 2012 for more than 300 units of power, Bhutan exports power at Nu 1.98 per unit to India. There is also concern that Bhutan’s export tariffs are too low in the context of the rupee crisis.   Next time you …

  The shortage of LPG cylinders occurring currently, according to managers at some stations, is due to the fact that since the Regional Trade and Industries Office (RTIO) took over the issuance of cylinders from private distributors, the office is issuing new connections indiscriminately. The RTIO issues 15 new connections …

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 …

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 …

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 …

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 …

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 …

  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 …