PM responds on RUB courses not recognized by RCSC

The PM advised students to think carefully before choosing a course During the question hour session of the National Assembly (NA), the Member of Parliament (MP) from Bartsham-Shongphu constituency, Passang Dorji (PhD) asked the Prime Minister about the few courses of the Royal University of Bhutan (RUB) which are not recognized by the Royal Civil […]

Goods and services 6.47% costlier compared to last year

The Purchasing Power of Ngultrum (PPN) as measured by the CPI is Nu 63 as of October 2021 compared to December 2012 The country’s inflation rate rose by 6.47% in October due to higher food prices when compared to the previous year, as per the Consumer Price Index (CPI), The inflation rate increased after recording […]

Lack of subject matter experts from DRC causing delay in GST project

The government has utilized around Nu 200mn from the total Nu 610mn for the project as of now The lack of experienced staff for the development of the tax system at the Thimphu TechPark Limited (TTPL) and the inability of subject matter experts from the Department of Revenue and Customs (DRC) to provide full-time participation […]

Revised customs duty has positive impact on final price: OCP

Reduction in customs duty, an indirect tax imposed on imports from third-country, to a uniform rate of 10%, was passed in July, 2021 The revised customs duty does indicate a positive impact on the final price of goods when the business environment returns to normalcy. This is according to the rapid analysis report of the […]

Sustaining the CSOs

In a sort of a big relief in the Civil Society Organization (CSO) registration process, the National Assembly members decided that small-scale CSOs will be allowed to legally operate upon obtaining written permission from the CSO Authority as per its rules and regulations. The recommendation that small-scale CSOs do not need to formally register was […]

Omicron could unravel tourism comeback

Bhutan received its first tourist in August this year Tour operators’ struggle to make a gradual comeback after being in a limbo for almost two years could be unraveled by the emergence of the highly mutated Omicron variant of Covid-19, which has already made landfall in India. The hospitality sector has been in shambles following […]

Many Bhutanese anxious as Australia delays reopening of borders

Australians returning from southern Africa must complete two weeks of hotel quarantine, according to the Australian authorities The Australian government’s decision to postpone the reopening of its border to international students and skilled foreign workers, following the emergence of the Omicron variant of Covid-19, has caused anxiety among many of the 300 Bhutanese planning to […]

Buy-back scheme continues to burden government coffer: Agriculture Minister

The government lost around Nu 46mn this year in the buy-back scheme The buy-back scheme of the agriculture and forests ministry, which was put in place as a relief measure during the Covid-19 pandemic, has cost the government Nu 46mn this year.   “The government is incurring a huge loss to support a scheme that is […]

Economic Affairs Minister responds on broadening and diversifying trade routes

When introducing the Preferential Trade Agreement (PTA) between Bhutan and Bangladesh to the members of the National Council (NC) on Thursday, Economic Affairs Minister Loknath Sharma was questioned on the measures the government is taking to explore other trade route options, besides the ones in India. Deputy Chairperson of NC’s Economic Affairs Committee Jigme Wangchuk […]