Saturday, April 19th, 2014 - 2:54 AM

Agreement to hasten hydropower projects

DSC_1142Economic affairs minister Norbu Wangchuk and the Prime Minister signs the performance agreement

Targets: By the end of 2014-2015 fiscal year, 77 percent of works on Punatsangchhu I will be completed, 62 percent of Punatsangchhu II, 55 percent of Mangdechhu, while Dagachhu will be commissioned.

That is, if the economic affairs ministry is able to fulfill the performance agreement, economic affairs minister signed with the prime minister yesterday.

Economic affairs minister Norbu Wangchuk said the targets were taken into consideration under “normal circumstances”.

“The setbacks such as geographical surprises [... Read More]

Unemployment among youth reaches 9.6%

MoHLR: The rate of youth unemployment in the country has increased from 7.3 to 9.6 percent in just one year.

Unemployment rate of female youth has gone up to 9.9 percent this year from 7.2 percent in the 2012-2013 fiscal year and male youth unemployment rate from 7.3 to 9.3 percent in the same period.

There were 3,476 unemployed youth in the country in the last fiscal year, out of which 2,083 were female. The [... Read More]

Picture story

Royal visit: His Majesty the King, accompanied by Her Majesty the Gyaltsuen at the Shivalaya Mandir site in Samtse. The temple is being rebuilt on the royal command as a gift from His Majesty to the people of Samtse to commemorate the Royal Wedding. Their Majesties offered prayers and blessed the Vaastu Kalash (ceremonial vase), which will be installed in the existing temple, [... Read More]

Liquidity paradox

Although banks have excess cash, access to credit continues to be a problem

Credit: While local financial institutions claim to have more than Nu 13B that can be lent, borrowers, especially those in the private sector, find themselves still wanting of credit.

A group of bank chief executives and experts from the financial institutions during a session at the better business summit said when it came to the challenge of accessing credit, it was a [... Read More]

Yonphula airport to undergo overhaul

Reopening of domestic airport could be delayed by a year

Update: The Yonphula domestic airport in Trashigang will see a major overhaul and reopen in 2016, a year later than the Department of Civil Aviation (DCA) estimated earlier.

The overhaul is being carried out to increase safety and compliance with international rules and will cost between USD and 4 M. Works includes the removal of three hills, flattening and resurfacing the runway, possibly also altering [... Read More]


Mean business

A tour operator was fined and his licence cancelled for forging visa for his two clients who had already boarded the flight to the country.

Other tour operators thought the penalty of a mere fine and cancellation of licence too mild for a crime they said could pose threat to the country’s security.

Tourism council officials had already endorsed the tour operator’s visa application, which the immigration officials denied because they learnt the visitors had already boarded [... Read More]

Will electric fence reverse rural-urban migration?

electric-fenceElectric fence improvised with energizer

LG: They may be counting chickens even before the eggs are laid, but local leaders in Trashigang are hopeful that the recent legalization of electric fence would bring some changes in the villages.

Villagers returning to the villages to cultivate fallow lands are the first thing in local officials’ minds. Bidung gup, Dorji Wangchuk attributes crop depredation as one of the many reasons that force the villagers out of the hamlet in search of [... Read More]

Khariphu mine closed

IMG_2167No business here: The road to the mine wears a deserted look

Update: With 13 households refusing to approve clearance for Kuenphen Norden mine at Khariphu to renew its lease, the mine will be closed from today.

The lease term ended yesterday.

Following Thimphu dzongkhag’s investigation in to complaints filed by villagers, the Department of Geology and Mines (DGM) suspended its submission of a note for the renewal of the lease to the economic affairs ministry.

DGM’s mining division had approved the final mines feasibility survey report and [... Read More]

DDC asked to handover land and property to MoE

Ownership: The Dzongkha Development Commission (DDC) has been asked to transfer the thram (ownership) of the land and their office building to the education ministry.

The ministry of education (MoE) wrote to DDC last month regarding the issue. This is the third letter that DDC has received so far.

DDC in their response to MoE’s letter sought two options. DDC wants to function from the same office as they ‘have’ the ownership over land and [... Read More]

Not many buyers at Mongar book fair

on-the-last-day-students-of-Mongar-lower-secondary-school-rush-for-discountSale: Students of Mongar lower secondary school rush for discount on the last day

Fair: The seventh national book fair held in Mongar lower secondary school from March 28 to March 31 did not see many buyers.

The four-day fair had books ranging from fiction to academic, but participants said that because of lesser budget for libraries with schools, only a few thousands of books could be sold.

One of the participants, Jarilal Gurung of Jennifer enterprise in Thimphu, said he had bought books worth of Nu 600,000 but [... Read More]