GST’s impact on the economy

With the implementation of Goods and Services Tax (GST) coupled with a digitized economy, the projected revenue increase would be almost 69% at GST rate 7%.  Prime Minister Dr Lotay Tshering said that GST at 5% can achieve neutral revenue while GST rate below 5% is not recommended as the revenue falls below the baseline […]

Crack meters installed to monitor cracks in Kuenga Rabten

Crack meters have been set up to monitor the nature of cracks in Kuenga Rabten in Draagteng Gewog, Trongsa, according to Minister of Economic Affairs Loknath Sharma during the press meet yesterday. The locals of Kuenga Rabten, meanwhile, complained about cracks appearing in the walls and pillars of their homes earlier this year and alleged […]

26 students complete winter weaving course at RTA

Twenty-six school going young girls aged between 9 to 19 years completed the winter weaving course at the Royal Textile Academy (RTA) in Chubachu, Thimphu yesterday. The weaving course started from December 23 last year. During the closing ceremony yesterday, the participants shared their first weaving experiences and were awarded certificates and remuneration for their […]

MoU signed to develop human resources in cultural management

Acknowledging the need of local human resources development in the field of cultural heritage management, research and policy, the Department of Culture and Bhutan Nyo Foundation (BNF), a religious organization founded under Sumtrhang Chojee entered into an understanding to enhance manpower and professional expertise needed for the Department of Culture as an authority overlooking Bhutan’s […]

Govt. to implement National Competition Policy

To give equal opportunities to the private sector and State-Owned Enterprises (SOE), the government would implement a national competition policy, said the Economic Affairs Minister during the National Assembly session last week. This was in response to the question asked on the government’s strategies to prevent SOEs undermining the private sector by Member of Parliament […]