Wednesday, July 23rd, 2014 - 1:36 PM

GoI assistance for 11th plan “extremely positive”

talksAfter talks: Delegates of the two countries walk out of the convention hall yesterday

Talks: The final figures the Indian government will give the country for the 11th plan will be known only during the prime minister’s visit to India towards the end of the month.

During the day long plan talks between officials of the two countries, one of the Bhutanese delegates at the talks, Gross National Happiness Commission secretary Karma Tshiteem said, was in keeping with expressions of support the Indian government made at various levels.

“We [... Read More]

Bhutan, not government will spearhead GNH

The UN-assigned task Bhutan has been entrusted with will go on

Paradigm: Even though the new prime minister will not be directly involved, the mandate given to Bhutan by the global community to work on a new development paradigm post 2015, to promote wellbeing and happiness as a global goal, will continue.

After the high level meeting Bhutan organised last year on April 2 in New York, following the passing of the international happiness day [... Read More]

Educating rural folks on legal provisions

img2A participant in Dagala raises an issue following the legal talk

Five teams of four legal officials each, taking 10 Acts with them began the assignment since August 13

Law: By the end of 2014, rural communities of 1,044 chiwogs under 205 gewogs are expected to be aware of their rights, duties and obligations the country’s laws prescribe.

This, according to Bhutan National Legal Institute director Pema Wangchuk, would be made possible with the dissemination of provisions of laws to rural communities.

Under the initiative of the [... Read More]


Down in the (fuel) dumps

At one point of time, a long queue at fueling stations in the capital meant a hike in prices was imminent.  Motorists lined up and patiently waited for more than half an hour or so, to save a few hundred Ngultrums.

In more recent times, queuing to fuel up has become more of a norm than an exception, but this is not because of an imminent spike.

This is not to say that fuel price, particularly for [... Read More]

10-day workshop on textual scholarship

IMG_7954Dr Dorji Wangchuk kickstarts the session

An exercise aimed at learning to decipher and analyse ideas in Buddhist texts

Religion: About 29 monks, translators, and researchers are working hard round the clock in learning to decipher and critically analyse the ideas in the Buddhist texts.

They will remain at Chuniding resort in Thimphu for 10 days starting Aug 10.

Dr Dorji Wangchuk, a professor with a team of resource persons from Hamburg University’s Asian-Africa institute, Indian and Tibetan studies department, is conducting [... Read More]

B+ and bbb ratings for RICBL

A prestigious financial rating agency has deemed the corporation to be ‘stable and secure’

Insurance: A financial rating agency, AM Best Pacific limited, has marked the Royal Insurance Corporation of Bhutan Limited (RICBL) a B+ in financial strength, and a “bbb” in issuer credit strength recently.

This, in simple terms, means that the organisation is “stable and secure”.

B+ is a “good” descriptor, which means the assigned company, in Best’s opinion, has the ability to meet [... Read More]

New listing rules to elicit private sector participation

The government may need to provide incentives to encourage involvement

RSEBL: The Royal Securities Exchange of Bhutan limited (RSEBL) has drafted new listing rules in a bid to encourage private sector companies to list on the stock exchange.  But the government must as well intervene and support the move, say exchange officials.

The listing rule basically contains principles of governance, disclosure and accountability.

The chief executive officer of the exchange, Dorji Phuntsho, said certain aspects of [... Read More]

DHI and SBI renew shareholders’ agreement

IMG_3083Renewed: SBI and DHI officials exchange the new shareholders agreement

Bhutan’s oldest bank will seek to tap its old collaborator’s vast resources

BoBL: The Druk Holding Investment (DHI) and the State Bank of India (SBI) yesterday signed a new shareholders’ agreement to replace the previous agreement on Bank of Bhutan ltd. (BoBL) between the finance ministry and SBI, which had expired.

The new agreement takes into account the changing business environment and sets the foundation for joint ownership of the bank on commercial principles within [... Read More]

(Potato) harvester on hire in Phobjikha valley

potatoes-digger-Demonstration: Driver Tilku operates the tractor in Phobjikha valley

Not only will it be cheaper than manual labour, it also minimises crop damage

AMC: This season Lengo Dorji, 46, might not have to sweat it out manually, digging up his potato harvest.  That is, if he decides to hire a government farm tractor to do the work on his two-acre potato field in Phobjikha valley.

Lengo Dorji came to know about this option, when the regional agriculture machinery centre in Wangdue demonstrated the harvester to [... Read More]

Dr Graham

Dr-grahamsDr. Graham with Gongsar Ugyen Wangchuck. (Photo: Ian Graham)

A close friend of Gongsar Ugyen Wangchuck 

Seven gold medals were minted for the coronation of the first king. In 1921 Gongsar Ugyen Wangchuck (r.1907-1926) awarded one to Reverend John Anderson Graham (1861-1942) during his visit to the country as a royal guest.

The Scottish minister had trekked from Kalimpong, India to Bhutan to meet the king, “At the invitation of His Highness the Maharaja [His Majesty], Dr. J.A. Graham, C.I.E., of Kalimpong paid a visit to [... Read More]