THE NATION

What Adoption of the National Digital Identity Bill means

On 7th july 2023 the 67 members present voted in favour of the National Digital Identity bill repealing the two disputed clause and adopted the Bill during the Joint Sitting of the Parliament. MP Tenzin, Chairperson of the Joint Committee presented the Committee’s review and recommendations on the two disputed …

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FM says proposal to allow tax free import of first vehicle to be left to next government

At the 50th Meet the Press, the Finance Minister, Namgay Tshering was questioned on the Tax Reforms. Lyonpo Namgay Tshering said it is inappropriate to include the vehicle quota in the pay revision as it is an entirely different thing.                                                          He said, “It is inappropriate to have vehicle quota combined …

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His Majesty Graces opening of 9th Session of Parliament

His Majesty earlier arrived back after a visit to Qatar and UAE His Majesty The King graced the opening ceremony of the 9th Session of the Third Parliament on 9 June.  Members of The Royal Family, senior government officials and other dignitaries attended the Opening Ceremony. The ceremony was also …

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Reserve position for FY 2023-24 not looking good

The reserve position as reported in the Budget Report for FY 2023-24 stands at USD 689 million  (mn) adequate to cover for 14 months of essential imports. Gross international reserves at the end of FY 2021-22 stood at USD 833 mn, sufficient to cover 15 months of essential imports. However, …

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