NEWS

The Royal Monetary Authority (RMA) recently announced the ‘Minimum Lending Rate’ (MLR) policy effective from 1st August 2016 which replaces the earlier 2012 Base Rate system of the RMA which was blamed for the higher interest rates since its introduction. Base rate is the minimum rates below which banks cannot …

Worries over the multiple roadblocks along the Thimphu -Phuentsholing highway had caused panic among people rushing to the fuel stations in Thimphu. Ministry of Economic Affairs (MoEA) has issued an advisory asking people not to panic and worry about shortage of fuel. The ministry had to even tell petrol pumps …

When the full fury of the monsoon season struck and washed away Sarpang town, cut roads and started threatening Amochu’s embankments the Prime Minister was on a visit to the highlands of Soe and Lingzhi to meet the people there. However, on 23rd July concerned with the situation and in …

During the 6th DPT Meet-the-Press, the Opposition said that the establishment of the Rural Enterprise Development Corporation (REDCL) is a duplication of works and costs of Bhutan Development Bank Ltd (BDBL) and other government agencies. The Opposition further said huge amount of investment is required for establishing REDCL, impacting the …

With two pedestrian deaths in a month in Thimphu, the traffic division of the Royal Bhutan Police is cautioning both motorists and pedestrians to be more cautious and alert. Following the hit and run case in the early hours of June 21 where a 27-year-old man died after being hit …

A High Level Inter Agency Task Force under Chairmanship of the Foreign Minister has been established to study and undertake preparations for ratification of the UN Convention on the Rights of Persons with Disabilities. The High Level Task Force conducted its first meeting on 13th July 2016. The objective will …

The boarding policy of 1995 disallowed schools in urban areas especially in Thimphu and Phuntsholing to have boarding facilities. The policy was conceived with the rational that it will prevent rural-urban migration. Education Minister Lyonpo Norbu Wangchuk said, “The situation is different now as the policy has not been able …

Trashigang –Samdrup Jongkhar highway is in its worst shape, riddled with potholes and ditches with incessant rainfall and numerous blocks without enough excavators to clear the debris. Road users complain that the road widening works has for now, worsened the already old and worn out highway. The fallen trees crumble …

On June 28, a 35- year-old man lodged a complaint with the police stating that the main door lock of his office was broken and robbed during the night. He was robbed of one Sony LCD Screen worth Nu 38,000, one carton containing 540 pieces of Sukhata sunglasses worth Nu …

A second stabbing case was reported to the Thimphu police in a week. On 30 June at around 2:37 pm, Thimphu police received a complaint from the hospital saying that a 19 years old man was brought to the hospital by his friend after being stabbed. The incident took place …