As part of the larger reforms a committee in the Ministry of Finance is studying the concept of ‘Clean Wage,’ system that provides a comprehensive pay package free of allowances, both open and hidden. The aim is to bring in transparency, motivate the civil servants and also change their behavior …
Read More »MoF slashes short-term trainings and consultancy budget by Nu 1.4 bn
If the two most wasteful budget heads can be identified under the annual budget head of the government then they would probably be the short term trainings or conferences in luxury hotels in Paro and Punakha where the outcome is usually questionable, and also the endless number of consultants hired …
Read More »Lack of rainfall in peak monsoon month hits hydro power and crops
July is supposed to be the peak monsoon season benefitting farmers and our hydro projects, but over the past two weeks, most parts of the country have seen largely dry weather and temperatures being above average in a heatwave. A weather forecast from the National Centre for Hydrology and Meteorology …
Read More »Risk of monkeypox transmission to increase with opening of borders in Bhutan: WHO Representative
With the opening of borders and travel, globally, the risk of monkey pox transmission is likely to increase, and Bhutan is no exception, as there is every chance of importing monkeypox into the country. Even while the world is still fighting the COVID -19 pandemic, there is now the monkeypox …
Read More »Dog bites on the rise in 2022 as JDWNRH records more than 100 dog bite cases per month in Thimphu
6,873 dog bites recorded nationally in 2021 The Emergency Department in Jigme Dorji Wangchuck National Referral Hospital (JDWNRH) has recorded 20 cases of people bitten by stray dogs from 1 to 7 July 2022 in the capital. In the June month alone, more than 100 dog bites have been recorded in …
Read More »MoEA drafts RGOB-GoI MoU for lower fuel prices but issues still remain
The Ministry of Economic Affairs (MoEA) has drafted a Memorandum of Understanding (MoU) for the sale of fuel from India to Bhutan that primarily aims to change the current set up and reduce fuel prices in the process. The aim is to get this MoU signed at the government to …
Read More »How Phajo Nidup duped a land seller in a Nu 170 mn Thimphu deal by paying only Nu 0.8 mn
In yet another instance of duping people over land deals, Phajo Nidup, in mid 2021 had entered into a legal agreement to buy 4 acres of land in Kabesa, Thimphu from local resident, Dawa Zangpo, for Nu 170 million (mn) , but Phajo paid only Nu 800,000 or Nu 0.8 …
Read More »Management Control, Financing and Construction award issues leads to end of Kholongchu JV model
The Minister of Economic Affairs (MoEA) Loknath Sharma recently announced in Parliament that the 600 MW Kholongchu Project would no longer happen under the Joint Venture model of 50:50 ownership between Satluj Jal Vidyut Nigam Limited (SJVNL) and Druk Green Power Corporation (DGPC). The final straw that broke the camel’s …
Read More »Pvt Sector and Banks wrestle over Phase Four Monetary Measures as Govt tries to be a referee
The Royal Monetary Authority (RMA) recently announced the Phase Four Monetary Measures that offers loan deferments between one year to two years and eight types of loan restructuring depending on the risk category. However, in a meeting between the government, Bhutan Chambers of Commerce and Industry (BCCI), heads of Financial …
Read More »Phajo Nidup at center of Nu 657 mn bank fraud & default detained in fraudulent cheque writing case
Though there are several ongoing court cases and even some court verdicts pertaining to around Nu 657 mn in double and triple mortgages with banks and also cheating land buyers in Phuentsholing, Phajo Nidup finally was detained on 13 June 2022 as part of a fraudulent check writing case by …
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The Bhutanese Leading the way.