Saturday, January 31st, 2015 - 2:31 PM
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Athang connected by farm road

unnamed-1The village of Zawa

Connectivity: More than 17 households of Zawa chiwog have been connected to the Athang gewog center in Wangduephodrang with a farm road inaugurated, yesterday. The cost of constructing the road was Nu 830,000 and was funded through the gewog development grant (GDG). The 2.7 km road was constructed by the Zawa community contract group that is comprised  of village members, and took one month and eight days to complete. The road will connect two villages of Zawa chiwog, Zawa and Yultama and about 17 households. [... Read More]

Thromde to increase community participation to keep Thimphu clean

Waste: The thromde along with the city’s tshogpas will require Thimphu residents to conduct a cleaning campaign of different zones of the city every weekend, starting with Taba residents today. According to a thromde official, Yeshi Wangdi, the objective is to have the community participate in keeping the environment clean because there is minimal community participation when it comes to waste management. At least one person from each household will have to volunteer to clean the surrounding areas of their residence. The volunteers will be [... Read More]

Five students detained for Dharina burglary

They had sold the copper from the stolen wires to two scrap dealers in Dechencholing Crime: Thimphu police have arrested five students of Dechencholing middle secondary school for malicious mischief and larceny, in connection with the theft of electrical wires in Dharina, above Dechencholing, Thimphu. According to the building owner, Karma Jimba, electrical wires and miniature circuit breakers (MCB) worth over Nu 500,000 were stolen from a building that was under construction. Police found that the first break-in happened on January 15, followed by another [... Read More]

Picture story

Royal visit: His Majesty the King granted an audience and tokha to more than 2,000 people yesterday in Thrimshing, Trashigang. A mobile medical unit, which accompanied His Majesty’s entourage also conducted medical check-ups and surgeries in the dungkhag.      

Foreign minister on ‘authorised absence’…

unnamed-7Lyonpo Rinzin Dorje

…now that OAG has registered the lhakhang Karpo case at Haa district court Update: After handing over the foreign ministry to the prime minister, foreign minister Rinzin Dorje went on ‘authorised absence’ starting yesterday, after the Office of the Attorney General (OAG) registered the lhakhang Karpo corruption case at the Haa district court. Lyonchhoen Tshering Tobgay said the foreign minister submitted ‘an application requesting leave of absence until the case is resolved’ to the Prime Minister to attend the lhakhang Karpo case court proceedings. The [... Read More]

Development’s ‘poster child’ still has some way to go

MDG: Even though a few of the Millennium Development Goal (MDG) targets may remain to be achieved after the MDG deadline, Bhutan has already become a ‘poster child’ for development. With less than seven months remaining until the MDG deadline, Bhutan has met “almost all the goals” set by the United Nations, according to the Gross National Happiness Commission (GNHC).  The areas requiring attention are increasing the representation of women in parliament and the national decision making process, and improving skilled birth attendance. “Though Bhutan [... Read More]

The MRP rule – Observed in the breach

One of the casualties of the rupee crunch has been the maximum retail price  Commerce: MRP means maximum retail price.  Big deal!  But what does it really mean? Most shops in the country do not follow the MRP rule.  Some sell goods above the MRP, while others do so below it. An officer with the office of consumer protection said that there is nothing called MRP in the country. One of the reasons for imposing a higher price on certain commodities in some of the [... Read More]

Aussie dollar going down under

A slide in value that does not portend well for Bhutanese in Oz Currency: Much to the annoyance of those Down Under, the Australian dollar, for the first time in about six years, fell below the Nu 50 exchange rate.  As of yesterday, one AUD was Nu 49.20. The AUD has not been below Nu 50 since mid 2009, and was stronger than the US dollar when one AUD reached as high as USD 1.10 staring late 2011, and a good part of 2012.  Banks [... Read More]

Banks, flush with funds, see profits fall

The apparent paradox reflects the economic slowdown in the country FI: While total deposits in all financial institutions has increased by 23 percent, its credit growth of about 11 percent has narrowed the banks’ profit margin, besides accumulating excess money. As a result, net profit for the financial institutions dropped to Nu 0.74B in September last year, when compared to the net profit of Nu 0.85B in September 2013. Bankers said besides seeing a narrow profit margin, banks have excess money of about Nu 19B [... Read More]

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