Pay revision likely to affect price of consumer goods

With the pay revision for public servants,there is speculation that price of consumer goods and house rents will spiral out of control. It is likely that the pay hike would improve the disposable income (income available to be spent or saved as one wishes), while food and house rents would turn out to be the […]

Govt. has no authority to regulate interest rates – Finance Minister

Finance Minister Namgay Tshering maintained that the government has no control over regulating interest rates on loans given by the banks during the Question Hour session at the National Assembly yesterday. The finance minister was responding to the query from Member of Parliament from Athang-Thedtsho Constituency Kinley Wangchuk, who asked the finance minister whether the […]

Gelephu to get weigh bridge before June 20

Gelephu will restart using the old weigh bridge after repairing it before June 20. Experts from Guwahati, Assam are expected to reach Gelephu on June 17. The parts will also reach the site with the experts. Without national experts the repairing works cannot be done. The old weigh bridge will be repaired and used again. […]

Finance Minister quizzed on revenue loss due to fiscal incentives

Responding to a question on revenue foregone owing to fiscal incentives during the Question Hour session of the National Assembly yesterday, the Finance Minister said fiscal incentive is a mechanism to boost private sector growth and has benefitted many companies particularly cottage and small industries, and education, health, and agriculture sectors. Member of Parliament (MP) […]

More than eight acres of maize damaged in Yangnyer gewog

Pests have damaged eight to nine acres of maize plants belonging to about 30 households in Kharza-Leyphu chiwog, Yangnyer gewog in Trashigang. It has been more than a month since the pest suspected to be stem borer has started affecting the corns grown by the villagers. According to the agricultural officials in Trashigang, suspected stem […]

No More IDEC For Import of Private Vehicles – Yeshey Dorji

I became entitled to a Vehicle Quota in 1979. I wanted to buy a TOYOTA Corona sedan. The CIF Phuentsholing price then was Nu.64,000.00. The problem was – I did not have the money. However, the Bank of Bhutan was offering 50% of the cost price as loan which meant that I needed Nu.32,000.00. I […]

Govt. outlines plans to curb mass regional tourists

Levying Sustainable Development Fee, either Nu 3,000 for each tourist or Nu 300 per day per tourist, is one of the possible solutions suggested Foreign Affairs Minister Dr. Tandi Dorji was questioned on the government’s policies and plans to regulate mass regional tourists by Deputy Chairperson of National Council (NC) Jigme Wangchuk during the NC […]