The special education loan scheme introduced by the Royal Monetary Authority (RMA) from Monday has attracted almost 1,300 applications within a week and still counting with the three commercial banks, Bhutan National Bank (BNB), Bank of Bhutan (BoB), and Druk Punjab National Bank (DPNB). After much outcry from the public …
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The Finance Minister Namgay Tshering presented the Pay Structure Bill of Bhutan 2022 under which the Pay Structure shall comprise of fixed pay and variable pay. The Fixed pay shall comprise of Monthly Basic Pay (MBP) applied for the calculation of post service benefits and other computations currently pegged to the basic pay, and secondly the Non-Pensionable Monthly …
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The tragic Takti Bus Accident that has led to the death of 6 monks of the Kanglung Shedra on 12 November could have been avoided if the 49-year-old bus driver had heeded the requests by the monks in the bus to slow down. Before Takti, the bus nearly had an …
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On the day that the Tax Bill was introduced in Parliament on 8 November, 2022 the Finance Ministry issued a notification signed by Lyonpo Namgay Tshering saying that the revised Customs Duty, Sales Tax and Green Tax rate will be applicable on imports made on or after 8 November. The …
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In February 2022 the Ministry of Labour and Human Resources (MoLHR) came out with ‘The Regulation for Training Consultancy and Placement Firms (TCPF),’ which allowed the registration of TCPF Consultancies to provide ex-country Technical and Vocational Education Training (TVET) studies (diplomas) in recognized institutions. After the regulation around 16 mainly …
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The Anti Corruption Commission (ACC) has launched its investigation of the Phajo Nidup case running into hundreds of millions of Non Performing Loans, double and triple mortgages and others issues. The ACC recently detained Phajo Nidup, some of his relatives, bank officials, Phuentsholing Thromde officials, and an RSTA official. The …
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The Finance Minister Lyonpo Namgay Tshering presented the Property Tax Bill of Bhutan 2022 today where he said that land tax will no longer be charged based on the area, but based on the value of the land and also the building. He said that the valued based land tax …
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The Finance Minister Namgay Tshering today introduced the Tax Bill 2022 which increased the indirect Customs Duty (CD) for third country imports, Sales Tax (ST) and Green Tax (GT) on an array of items. Lyonpo said the taxes are being introduced as the country’s economy is not in a good …
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In the last few months ever since a series of transformation reforms began in various sectors, there has been some confusion, some fear and apprehension and a degree of uncertainty. However, after His Majesty The King finished his Royal Address to the Parliament on Friday there was not a single …
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Indian team not for the barrage solution proposed by Bhutan for P 1 The Indian Power Secretary Alok Kumar and his team was in Bhutan on an official visit from 29 October to 1 November during which he met with the Prime Minister Dasho Dr Lotay Tshering and had discussions …
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The Bhutanese Leading the way.