Govt. plans to fast track processing of PSL projects

The government is working on initiating internet facilities for those availing support with their proposal from the Priority Sector Lending (PSL) scheme. This is believed will enhance or fast track processing of the project proposals. During the question and answer session of the National Assembly on Friday, Member of Parliament (MP) from Khar-Yurung constituency Tshering […]

Multiple strategies in place to tackle youth unemployment

During the Q & A session in National Assembly yesterday, the issue of youth unemployment was deliberated. Bartsham-Shongphu MP Passang Dorji said that there are a huge number of youths unemployed in Bhutan. According to the statistics, 15% of youths are unemployed and 64% of those who pursued higher studies were unemployed. “Last year, there […]

Woman acquitted of statutory rape

A 27-year-old woman who was charged for voluntary manslaughter and statutory rape in 2018 has been acquitted by the court after the lawyer of the defendant proved to the court that the victim was not a minor when they were had sex. The victim had already turned 18 years old. The convict who was then […]

Moratorium on construction of houses in Dzongkhag towns to be lifted after LAPs

The moratorium on the construction of houses in towns would be lifted after the Dzongkhag Administration completes the Local Area Plans (LAPs), said Economic Affairs Minister when quizzed by the Member of Parliament (MP) from Nganglam constituency in Pemagatshel at the National Assembly session in Thimphu yesterday. Questioning on the status of economic centers’ initiatives […]

Government plans to lower interest rate for rural people

The government plans to lower the interest rate for rural people. This was mentioned with regard to those people who are not able to repay Bhutan Development Bank (BDB)’s loans. During the question and answer session of National assembly on Friday, Dewathang Gomdar constituency Member of Parliament (MP) Ugyen Dorji said that BDB was established […]

NA adopts BIMSTEC convention

To cooperate in combating international terrorism, transnational organized crime and illicit drug trafficking, the National Assembly adopted the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Convention. There are seven member states, including Bhutan, Bangladesh, Nepal, India, Sri Lanka, Myanmar and Thailand. The convention is to facilitate and strengthen collaboration and sharing […]

Corono virus: Be prepared

The novel Corona virus scare is real. Medical shops have run out of face masks and even hand sanitizers if reports are to be believed. There are numerous videos on this pandemic doing the rounds on social media-some fake, others authentic and still others hyping it up or just sharing information. Meanwhile, Bhutan needs to […]

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 […]