Last Friday, on 19th May the Reserve Bank of India (RBI) notified the public that it will be withdrawing its INR 2000 notes from circulation as the notes have reached its estimated life span even though it remains as a legal tender. The RBI stated that it will be accepting …
Read More »Many Bhutanese lured to be members of a Ponzi scheme making crypto claims
It claims to have 30,000 members in Bhutan Bhutanese citizens, especially the uneducated ones in villages, are being lured to take part in the Tallwin Life Scheme through the social media and mainly Telegram. Although it claims to make use of crypto, the scheme has reached its popularity among rural …
Read More »RMA extends loan deferral for moderate and low risk sectors till June 2024
Under the Monetary Measures Phase IV announced in June 2022 it was decided that while high risk sectors like tourism hotels and restaurants, airlines, tour operators, ticketing agents and travel agents will get a two-year loan deferral till June 2024 the other moderate and low risk sectors will get a …
Read More »Education Minister says higher pay proposed for teachers
9 Indian STEM teachers paid 50% by Bhutan and 50% by India There has been much controversy over the Ministry of Education and Skills Development’s (MoESD) plans to hire Indian STEM teachers and pay them Nu 140,000. However, the MoESD Minister Jai Bir Rai said that Bhutan is only paying …
Read More »Bhutanese Civil Servants paid higher than Bangladeshi and Nepalese counterparts but lower than Indian ones
Bhutan is facing a high attrition rate from the civil service and the private sector and one major reason cited is pay. This is the main reason the sixth pay commission has been formed to increase the pay of the civil servants. A regional comparison shows that Bhutanese civil servants …
Read More »Bhutan recognizes rights of its disabled as it moves to ratify UNCRPD
The National Assembly will be deliberating on the national interest analysis for ratification of the United Nations Convention on Rights of Persons with Disabilities (CRPD) in the upcoming Ninth Session of the Third Parliament. Currently, there are 173 State Parties to the Convention, and Bhutan is the only SAARC country …
Read More »Their Majesties attended the Coronation of His Majesty King Charles III & Queen Camilla
His Majesty The King and Her Majesty The Gyaltsuen attended the Coronation of His Majesty King Charles III and Queen Camilla of the United Kingdom, in London on 6th May. Royals and heads of States from across the world attended the Coronation. A reception was hosted by King Charles at …
Read More »Vehicles bought as scrap insured for high amounts and allegedly pushed off cliffs to claim millions in accident insurance
On the 5th of October 2021 an Ashok Leyland truck BP-2-B0761 transporting a Liugong 922D Crawler Excavator BP-1-A0349, both insured with Bhutan Insurance Limited (BIL), met with an accident at Lungsegang, Tsirang. The vehicles were registered in the name of Mr. Leki who is a former monk. An insurance claim …
Read More »6th Pay Commission submits report to Cabinet
The Sixth Pay Commission has submitted its pay hike report to the Cabinet. The report has recommended a substantial hike for all civil servants. The pay commission members are tight lipped about the report and the hike percentage proposed but what is known is that the hike will definitely be …
Read More »Nepal’s former Home Minister arrested and ex-Deputy PM on the run in fake ‘Bhutanese refugee’ scam
In what is turning out to be a major scam involving top Nepalese politicians and bureaucrats and a criminal gang, many Nepalese citizens were promised to be sent as ‘Bhutanese refugees’ to settle in USA in exchange for large sums of money. Reports by various Nepalese media outlets like Kathmandu …
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The Bhutanese Leading the way.