The jury is out on whether the economy will benefit from the Rs 5B injection
Analysis: The government’s ambitious plan, to stimulate the economy by injecting Rs 5B in the financial institutions, requires serious forethought, as it would lead to creation of more money in the economy that will not necessarily be financing productive sectors.
Members of the economic stimulus task force had earlier said the money would be targeted to only specific sectors that [... Read More]
Cleansing: Monks conduct lhabsang thruesel on the Bolero pick up truck, Wangduephodrang National Council member, Tashi Dorji, donated to Rada tshogpa.
All rise: University graduates rehearse for the 2nd joint convocation, which will be held at the Royal Thimphu College today
Power tariff hike for industries and Punatsangchhu project building its own staff colony fuelled the apprehension
FIS: Initially it was the fear of industries shutting down that had the country’s financial institutions feeling jittery.
That fear having barely allayed, it is about Bajothang town building occupants leaving in exodus that haunts the financial institutions today.
Almost all financial institutions had provided loans to the many industries and construction of structures at Bajothang township.
During the financial institutions [... Read More]
Changjalu: Police throw a cordon around the area where the body was found yesterday
Crime: Police in Thimphu and Phuentsholing arrested three men, all in their early 20s, for alleged murder of a 48-year-old man from India, who was found dead near a construction site next to the helipad at Changjalu yesterday morning.
From Rajasthan, the deceased was later identified as a chief engineer of Power Grid Corporation of India Ltd.
The Delhi-based company was helping Bhutan Power Corporation in the transmission of power from Punatshangchu project II to [... Read More]
National Council chairperson Dasho Sonam Kinga spoke on ‘transition to democracy spurring development in Bhutan,’ at an Aspen Institute India session on “Democratising Shangri-La,” on November 6 in New Delhi, India. The session, which was moderated by Member of Indian Parliament, Baijayant Panda was co-hosted by The Thimphu Seminars.
Sixth batch of L&T trainees in Hyderabad
The ABSD program is going a long way to solving the unemployment problem
Employment: Unlike technical training graduates, who graduated from institutes at home, getting a job is not as challenging for those, who trained in India.
Take Tshering, for instance, who, despite being unable to continue his studies after high school, managed to get a training opportunity in masonry in Hyderabad, India, for about three months.
The 20-year-old is just a week old at the [... Read More]
Cang Jalu residents, who woke up to the news of a murder, were not surprised. They didn’t expect a body in their backyard, but they knew that safety was becoming an issue in the vicinity.
It is not clear if the Indian national was stabbed to death at the site where his body was found yesterday morning. But as police investigate the heinous crime, residents agree that the area is not safe. Chang Jalu, few years [... Read More]
The head of the Regional Delegation of International Committee of the Red Cross (ICRC) in Delhi Mary Werntz, called on Prime Minister Tshering Tobgay at the Gyalyong Tshogkhang yesterday.
Japanese volunteer machinist returns after 22 years to see his creations still in operation
Profile: It could not have been a better time for his return to Bhutan, 22 years later.
Invited to attend the Japan international cooperation agency’s (JICA) 25th anniversary, the celebration also coincided with harvest season in Bhutan.
As Shinji Kitagawa was driven from the airport to the agriculture machinery centre (AMC) in Paro, he was happy to see the progress in [... Read More]