The Nobel laureate said that Bhutan’s USD reserves is too high with low yields creating more debt through rupee borrowings and that government deposits in financial institutions fuels credit growth Noble laureate Professor Joseph Stiglitz pointed out weaknesses in Bhutan’s monetary (banking and financial regulation) and fiscal (government expenditure and …
Read More »Monthly Archives: May 2012
P/ling ‘Green zone’ leaves land owners and Municipality in a limbo
The Kabreytar gold rush which lured many visionary investors to own land in the area are now in a quagmire with the law which has classified their land as falling under the Green zone. The UGA (urban green area) is a designated area in which there should not be any …
Read More »Candidates remain incognito in fear of making ruling party’s ‘blacklist’
Getting the political parties to come out of their closets was hard enough, now the candidates are flying below the radar so that there is a ‘safe’ time for them to appear publicly The political scene faces a dearth of potential candidates and reasons are many, but no one would …
Read More »Local community cries foul as the multi-million Debsi Bridge comes apart
Despite repeated reminders and allegations of graft by the community, the former Gup and committee have not yet made the accounts public The people of Debsi under Thimphu Dzongkhag contributed millions to construct a motorable bridge in 2007 but five years down the line the community is faced with a …
Read More »Famine looms large on Gozhi in absence of rain
Gozhips in Dagana harvest more than 40 tons of Maize every year. Gozhips will hardly harvest five or six tons of Maize this year. That is easily not… good news. Farmers in the gewog are deeply worried the unusually long hiatus in rainfall is a prelude to an approaching famine …
Read More »Water problem seeps into Gosarling
It’s been more than a year since the people of Tsirang have grappled water crisis. And presently the farm works in Gosarling gewog have come to a near-standstill. “It’s been months that we didn’t do any work in our field because there is no water or rainfall in the village. …
Read More »Porous borders: a boon for goons, bane for the law
To contain illegal trades in the northern and southern ends of the country is a most challenging task for Bhutanese law enforcement authorities. As a result, illegal trading of medicinal plants is up and on the rise. Trans-boundary illegal collection of medicinal plants is rampant in Bhutan although enforcement officials …
Read More »Change in import method will not affect vegetable vendors
The announcement, of the Food Corporation of Bhutan (FCB) as the wholesale agent for all the vegetable vendors was a cause for concern among the vendors who are already worried over the Royal Monetary Authority (RMA)’s decision to stop issuing Indian Rupee from June first week. Lyonchen Jigmi Y. Thinley, …
Read More »Asian delegates meets to discuss on ensuring legal, sustainable and traceable trade of medicinal plants
Delegates from eight Asian Countries came together in a three-day Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) regional workshop last week to discuss about ensuring legal, sustainable and traceable trade in medicinal plants. Speaking to some 30 representatives of scientific and management authorities from …
Read More »PDP not just a show horse, OL
The horse is saddled and the stirrup is set, the People’s Democratic Party (PDP) has tightened its reigns, with acquired skills from the last elections and the party is raring to go. The PDP has started strengthening its institution in two fronts; fund raising and voluntary contributions, and strengthening its …
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The Bhutanese Leading the way.