OPINION

Did you ever realize that there are more incentives for consumption than saving and producing in Bhutan? Business conglomerates in the country have concocted their own definition and demarcation of private consumption- the primary contributing factor to the crunch. When government studies have pointed at private consumption and credit expansion …

While there are compelling arguments against opening the capital account to the volatilities of global finance, there are institutional frameworks and regulations that can be crafted and certain appropriate segments of the account that can be liberalized to alleviate such distortions. Another useful approach is the assessment of our commendable …

The recent Rupee crunch has emerged as one of the most significant economic phenomenon of our time. In the midst of all the chaos, competing views have been offered without any attempt to bind these arguments coherently. It seems to me that these disparate views are merely an attempt for …

As the Hon’ble Finance Minister introduced the 2012-2013 Budget in the National Council today, one of the very first things he highlighted was how the rupee problem has ‘offered us opportunities to develop our domestic industries especially the agriculture sector.’ He stated, “In that sector, in spite of heavy investments …

The unfortunate June 24 Wangdue Dzong fire could have been easily combated had there been safety measures in place well in advance. For instance, just a few meters of an emergency motor able road around the Dzong could have been a blessing in disguise under such situations. There is no …

Today the National Council passed the Education City Bill with some important amendments. The Bill will therefore, go for joint sitting in the 10th session of Parliament. I respect the decision of the National Council. After I published my article ‘Education City as an Economic Project’ last week, I took time …

Trowa Theatre in Changjiji sits on government land. The land, measuring 19,432.56 square feet, was leased to a businessman in 2001 to build an entertainment center. In 2006, the government approved the transfer of the lease to another businessman. And increased lease rent from Nu 2 per sft per annum …

It’s not a new thing to hear of communication gap between government Ministries, Departments and Agencies. Often information and data equally useful to one government organization but gathered by another is retained for reasons unknown. On the contrary, sharing of such information and data can help save huge expenses on …

This article is written keeping in mind normal market conditions. However, before proceeding further, a farmer (calls himself an educated farmer group called Happy Cooperative) told me that it was an opportunity for them to try and bring focus on their agenda, which is growing our own food. When one …

Whatever actions we initiate are to achieve joy and happiness. One must avoid actions that bring more harm than good. Some actions must even be avoided if benefit and harm are equal. This is repeatedly mentioned in the teachings of the Buddha and in the holy commentaries. The result of …