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Lead Story

Discrepancy deprives LG leaders of PF

No PF deductions were made from the salaries of gups, mangmis and tshogpas
Entitlement: A major discrepancy in the financial system has deprived most of the incumbent local government (LG) members of their retirement benefits.

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Loans to become cheaper

The govt. is of the view that the banks are making a killing
Economy: Loans are set to get cheaper in the coming months. The government is working with the Royal Monetary Authority of Bhutan (RMA) to reduce interest rates to propel private investments.

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Government not fully prepared, nor idle

Amidst a prediction of major seismic activity, lots of preparation and investment have been diverted for disaster preparedness 

Earthquake: The last major seismic activity recorded in Bhutan was some 300 years ago.

Another major seismic event could occur with a magnitude of not less than eight on the Richter scale, experts say.

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