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Small scale illegal currency exchange thrives down south

The Jaigaon Merchant Association assures that it will look into the issue and report it to the district administration if it continues

INR: Despite exchange counters being opened to solve the disparity between the Indian rupee and ngultrum, illegal buying and selling of rupees in the border town of Jaigaon still thrives.

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Indian traders to avail INR

...from Bhutanese exchange counters Rupee: Royal Monetary Authority’s (RMA) two exchange counters at Phuentsholing will start catering to Indian traders of Jaigaon from next month.

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Will fuel price drop further?

Revisions in Indian excise duty could withheld significant drop

Fuel: The fuel price globally has been sliding since 2014. Yet, after more than 20  fuel price revisions in the country last year, petrol got cheaper only by about Nu 2 and diesel by Nu 5 till date.

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ADB to finance Nyera-Amari projects with USD 320M

Hydropower: The Asian Development Bank (ADB) would finance the 442-megawatt (MW) Nyera-Amari hydropower project with USD 320M. The project will be developed on a multi-tranche financing modality, which is similar to the Dagachhu and Nikachhu projects.

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Bad business for Bumthang hotels this year

Tourists arrivals are expected to further decline as a result of the road widening works

Tourism: Despite the government’s decision to re-schedule road widening works at night for the convenience of travellers, tourist arrivals in Bumthang fell to a record low of 15,482 in 2015 according to the Hotel Association of Bumthang (HAB).

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