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Average inflation down at 2.8 percent until May

The country experienced an average inflation of 2.80 percent until May this year. Having experienced an annual inflation of almost five percent in 2017, the price of goods and services between January last year and January this year (year-on-year inflation) saw a sluggish increase of 2.98 percent. The year-on-year inflation …

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ACC implicates six in construction of Gelephu domestic airport

The Anti-Corruption Commission (ACC) has implicated six people in connection to suspected bribery, fraudulent practices and tax evasion amounting to more than Nu 42.767 million (M) in the construction of Gelephu domestic airport in 2011-12. The investigation findings were forwarded to the Office of the Attorney General (OAG) last week …

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Police arrests escaped detainee after four years

Thimphu police re-arrested a 45-year-old man from Khasadrapchu in Thimphu on July 5, more than four years after he escaped from police custody. The man was arrested from Thimphu on December 2, 2013, for an illegal transaction of controlled substances. The suspect who is from Paro, escaped on January 27, …

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JDWNRH to start mammography service

Jigme Dorji Wangchuck National Referral Hospital (JDWNRH) in Thimphu, for the first time, will provide mammography services to women patients. The service is expected to be in operation by the end of this month. Last week, the Japanese government gave seven medical equipment for the national and regional referral hospitals …

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Nu 102M earned in revenue from trademark registration

Revenue from trademark registration with the Department of Intellectual Property (DoIP) crossed Nu 100 Million (M) this year, a press release from DoIP states. According to a press release, the department saw an increase in the revenue collected from Nu 89.12M in 2017 to Nu 102M this year.  “As of …

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MP Dhan Kumar’s journey to National Council

MP Dhan Kumar Sunwa

When Dhan Kumar Sunwar, 31, was declared National council-elect from Tsirang, beating 11 contestants on April 20, his parents broke down with happiness. “For them, I won and for me, the public of Tsirang won by electing me as their representative,” the NC member said. But for the 31 year …

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INR exchange counter opens at P’ling immigration office

Governor Dasho Penjore interacts with the first exchange counter client yesterday

The Royal Monetary Authority (RMA) yesterday opened an Indian Rupee (INR) exchange counter at the immigration office in Phuentsholing. All visitors and tourists from India can avail the exchange facility and convert their INR into Ngultrum. INR denomination up to Rupee 500 will be accepted. Regional director with the RMA …

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REDCL’s non-performing loan reduced to 18%

The Rural Enterprise Development Corporation (REDCL) was able to bring down its ratio of non-performing loan (NPL) to 18.7 percent this year from 27 percent in 2017, surpassing its target of 25 percent. According to the REDCL’s annual report, reducing the NPL was one of the major tasks. This year …

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Great-grandfather alleged of sexually assaulting three children

Unlike many students, who look forward to going home after school, a 13-year-old girl and her two stepsisters in Trashigang dreaded going home. The three children, who study in a school in Trashigang, alleged that their 83-year-old great-grandfather sexually assaulted them. The 13-year-old was taken to the hospital. Sources say …

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Water treatment plant construction misses second deadline

The deadline has been extended to November this year

After missing two deadlines, Samdrupjongkhar thromde has given a time extension of six and half months to the contractor to complete the construction of the ongoing water treatment plant (WTP). A joint venture construction company, Tundi-Tacho, i s executing the works worth Nu 89M. The construction, which started in May …

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