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Priority Sector Lending goes online 

It took about four months to develop the online system

To increase service delivery efficiency, an online system for Priority Sector Lending (PSL) went live yesterday. It can be accessed online through the economic affairs ministry’s website http://202.144.157.73/PSL/. The online system can however, be accessed after the client avails an application number. Clients need to go to the dzongkhag PSL committee …

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Dasho Neten Zangmo resigns as BKP president

Taking moral responsibility and accountability, Dasho Neten Zangmo has stepped down as the president of Bhutan Kuen-Nyam Party (BKP) following the party’s failure to make it to the general election. She tendered her resignation to the party on September 16, the day after the primary round. However, the party shared her resignation letter on its Facebook page only yesterday.

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Meet the new Cabinet

The cabinet members

The first order of business for the new government would be to get everyone on board, incorporate the pledges of all political parties and work on a common vision for the country, the vision 2045. Prime Minister elect Dr Lotay Tshering said the party has been asking for togetherness and while it has campaigned for change, the government would not do anything and everything just for the sake of change.

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Gosarling farmers lose paddy to rats

Farmer Sonam in her paddy field

First it was wild bores, then monkeys and now rats have started damaging crops in Gosarling’s Phuensumgang chiwog in Tsirang. It has been more than a month since rats infested the fields eating the paddy plant from its stem. One of the severely affected farmers is Tashi Tobgay, 43. He …

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OAG reviews Druk Punjab bank’s embezzlement case

The Office of the Attorney General (OAG) is reviewing the investigation findings on an alleged embezzlement of more than Nu 2.184 M by the former senior vice president of Druk Punjab National Bank Limited’s (DPNBL) Legal Division in Thimphu. OAG’s chief prosecutor Kinley Tenzin confirmed that the Anti-Corruption Commission (ACC) …

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Picture story

Opera De Lausanne, a renowned Swiss opera house with over 140 years of theatre experience performs “La serva padrona” (The Servant Turned Mistress) at the Royal Textile Academy (RTA) plaza in Thimphu yesterday. The performance is a part of the phase 3 inauguration of the RTA.

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Four companies raised Nu 2.77B from commercial papers

Since the introduction of commercial papers in 2017, four incorporated companies have raised Nu 2.77B to meet its short-term financing needs. Commercial paper is a short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories, and meeting short-term liabilities. It is usually issued at a discount rate, …

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Six injured in Bhutan – Kolkata bus accident

After the accident: The Bhutan bound bus at Malda (Photo: facebook)

Six Bhutanese sustained minor injuries when the bus they were travelling in crashed into an Indian truck on the Indian highway, en route to Bhutan from Kolkata. The incident occurred on the morning of November 3 at Malda district. It takes approximately seven hours to reach to Phuentsholing from Malda. …

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JAB president reappointed

The board of the Journalists’ Association of Bhutan (JAB) has reappointed Editor of Kuensel (Dzongkha) Rinzin Wangchuk, as the president for a second three-year term, a press release from JAB states.  His second term began on November 1. Rinzin Wangchuk is the senior most working journalist in the country and …

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