Around the table: Members of the Cabinet take questions from reporters at the second meet the press session yesterday
Electricity: The government, during its monthly meeting with the local media yesterday, said it is exploring the possibility of providing 100 units of electricity for free to the rural poor.
It is also studying the possibility of providing partial or full subsidy on electrical appliances such as rice cooker, curry cooker and water boilers to the same section of the population. This means these items would either be provided free of cost or at [... Read More]
But the measures have no targets as has been the case with several circulars issued since 1985
Austerity: All government agencies are ‘required voluntarily’ to come up with their own austerity measures by the end of this month for submission to the government, a finance ministry circular states.
The guidelines, which was issued for strict compliance and enforcement, according to the circular, is in line with the ‘government directives for austerity measures in controlling recurrent [... Read More]
The govt. is committed to reopening the business but no timeline has been given
Lottery: The government reiterated its commitment to restart the Bhutanese lottery business in India, but is yet to specify when it would resume business.
Prime Minister Tshering Tobgay said, at the second meet the press session yesterday, that Bhutan still has an agreement with the government of India that allows the sale of Bhutanese lottery in India.
“Selling lottery in India was [... Read More]
So far, so good, things are more informal and less confrontational for now
Observation: Having been summoned almost an hour earlier, the energy the newspeople carried into the National Assembly conference room was starting to wear away.
The vigour, of course, automatically restored when the men in orange finally walked in. Taking their seats among the media representatives, the prime minister and five ministers readied to take the questions while media representatives set their cameras [... Read More]
Several things about the Bhutanese economy are clear.
One, it is import driven, because it does not produce or produce enough of most of the things it consumes whether it is rice or fossil fuel.
Second, it is facing a shortage of the Indian Rupee (INR) because its rupee earning from hydropower and tourism and industries in the south is less than all the imports made from India. Therefore, it has to borrow rupees from India to [... Read More]
DPT has opted for a businesswoman to contest the vacant Nanong-Shumar seat
By-election: A young businesswoman will represent Druk Phuensum Tshogpa (DPT) in the upcoming by-election of Nanong-Shumar constituency in Pemagatshel, if the election commission clears her nomination.
Dechen Zangmo, a mother of two, is in the process of finalising her registration requirements with the party, and clearing documents in preparation to contest the elections in November, the process for which will start early next [... Read More]
NGOP: A total of 2,404 university graduates will attend the National Graduates Orientation Programme (NGOP) this year. Of the total, 2,070 are fresh graduates and 1,105 are graduates from colleges in Bhutan.
The university graduates will gather at the YDF complex today at 10.30am for a briefing on the orientation program. The graduates have already been divided into 12 different houses according to their registered number and will be held at the YDF complex [... Read More]
NSB: The price of goods and services both imported and local increased by 0.09 percent between July and August, according to the monthly consumer price index (CPI) released by the national statistical bureau.
Overall, inflation slowed down, compared to the previous month, when it recorded a 2.18 percent increase.
The slow down in inflation in August was purely effected by the drastic price changes of cooking gas and kerosene. In July, the subsidy on these [... Read More]
Council endorses recommendations for the government to consider benefits dzongkhags should reap from hydropower
NC: Hydropower, despite being the spine of the country’s economy, has its own share of downside.
National Council’s social and culture affairs committee chairperson Jigme Wangchuk while submitting the impact of hydropower projects’ construction on township development yesterday, discussed Bajothang town in Wangduephodrang.
“It has been identified as a national concern by the Gross National Happiness Commission,” he said. “Bajo town was [... Read More]
A team from seven Canadian companies is in the country on a five-day mission
Commerce: Internationally recognised companies from Canada are looking for business prospects in Bhutan.
Led by the Canadian ambassador, Stewart G Beck, a business delegation team from seven Canadian companies was in the country on a five-day business mission. The delegation was exploring commercial opportunities in sectors like aviation, hydropower projects and infrastructure, and gaining a deeper understanding of the priorities, challenges [... Read More]