With banks claiming to have excess cash
ESP: The country’s central bank (Royal Monetary Authority) will jack up the cash reserve ratio (CRR) by two percent, if banks claim that they have excess cash lying idle.
While the financial institutions have excess liquidity of over Nu 13B, some bank officials maintained that the fund from the Economic Stimulus Plan would aggravate the problem of excess liquidity if there were no takers.
With the banks facing liquidity [... Read More]
Electronic appliances like rice cooker, curry cooker and kitchen items worth Nu 570,000 were completely damaged after a electronic shop in Phuentsholing town was gutted by a fire around 2:30am yesterday. It took more than an hour to contain the fire which is suspected to have started from an electric short circuit.
The adjacent shop, a hardware store, also lost goods worth [... Read More]
NPPC in Semtokha all geared for the battle
Pest: There is a high possibility that the Armyworm that swarmed paddy and maize fields in 18 of the 20 dzongkhags last year, could return.
The National Plant Protection Centre in Semtokha receives reports on suspicious Armyworm cases almost every day after it alerted all extension officers to look out for any signs of the invasive pest.
The centre’s senior Plant Protection Officer, Kiran Mahat, said the weather [... Read More]
Policy: Three new information communications technology (ICT) master plans that should lead to better service delivery by the government will be presented to the cabinet for approval today.
The master plans in education, health, and tourism, detail how these sectors will use ICT to increase efficiency.
The plans are the outcome of collaboration with Singapore. A second phase of this collaboration between the Tamasek Foundation and InfoComm Development Authority (IDA) International in Singapore with the [... Read More]
Prime Minister Tshering Tobgay and Samdrupjongkhar Dzongda Goling Tshering sign performance agreement at the dzongkhag headquarters yesterday.
Tourism: To generate income for herders, five tourist campsites were built in 2011 along the Merak –Sakteng ecotourism trail.
The idea was to charge tourists Nu 250 a night who spend the night in the campsites developed at a cost of Nu 7.3M. But four years later, the campsites, an enclosed area with around 12-13 wooden shingle roofed canopies spaced at regular distance, sand floored on a raised stonewalls are overrun by thickets and [... Read More]
Health: Health officials say the fact that the rate of new pulmonary positive tuberculosis cases has remained constant for eight straight years now, there could be undiagnosed cases in the community.
In 2000, 359 TB cases were recorded. Thirteen years since, in 2013, the count had increased to 425 out of which 42 percent were aged between 15 and 24. About five percent were below the age of 14 years.
Of the different types of [... Read More]
Township: The issue of biological corridor (BC) affecting the progress of the Rinchenthang Township in Nganglam, Samdrupjongkhar may be deliberated in the upcoming Parliament session.
The business community of Nganglam raised the issue of how the government could carry out constructions within the corridor while people were not allowed to do so, referring to the construction of a boundary wall that was initiated by the dungkhag two months back.
Currently, however, the construction of the [... Read More]
Parts of the grant would be used to improve energy efficiency and to encourage renewable energy use
Energy: The Norwegian government allocated USD 5.7M for the country to conduct pre-feasibility studies of three new hydropower projects, improve energy efficiency and encourage renewable energy use, recently.
The grant will be used to conduct studies on how best to develop hydropower projects of 104MW Zhongarchhu in Mongar, 153MW Dagachhu-II and 2,800MW Manas, the priority projects under the [... Read More]
Heritage: The renovated Lhuntse dzong was consecrated by His Holiness the Je Khenpo Trulku Jigme Chhoeda on April 12.
The renovation of the 16th century Lhuntse dzong also known as Lhuendrup Rinchentse dzong that began in August 2009 was completed last October. The government of India funded the project, which cost Nu 162m.
There are eight lhakhangs in the dzong for which about Nu 120m was allocated during the 10th Plan. However, project officials said, [... Read More]