RMA to open up Housing, Vehicle and Consumer Loans by mid August

Banks are happy about the move but want the RMA to increase the cap on housing loans After floating the draft guidelines on Housing, Vehicle and Consumer loans last week, the Royal Monetary Authority (RMA) has now announced that it would allow banks to reopen Housing, Vehicle and Consumer loans by mid August 2014. RMA Deputy Governor Pushpa Lal Chhetri More...

by The Bhutanese | Published 4 months ago
By Tashi Deki On Saturday, July 19th, 2014
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Now get ready to pay 5% more on your mobile, internet and landline bills

While most of the focus has been on taxes being levied on vehicles and fuel most people are still unaware of the impending five percent tax on their telecommunication services imposed by the government’s Tax Bill. Though More...

By The Bhutanese On Saturday, July 19th, 2014
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Govt Task Force to fight inflation gets cracking

Claims that 5 percent hike in fuel prices should not lead to rise in prices The government’s Task Force to fight inflation had its first meeting on Thursday chaired by the Minister for Economic Affairs Lyonpo More...

By tb admin On Friday, July 11th, 2014
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RMA shares draft guidelines to open up home loans, car loans and consumer loans

The draft guidelines have been put up on the RMA website for public feedback In what will be welcome news for those eagerly waiting to build or buy their homes the RMA has floated some draft guidelines on its More...

By tb admin On Friday, July 11th, 2014
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Govt decides to lift freeze on vehicle quotas

The Pay Commission report and the Pay Revision report proposals to monetize the quota at Nu 160,000 have been dropped by the govt In what will be music to the ears of more than 3,000 eligible civil servants, the More...

By tb admin On Friday, July 11th, 2014
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Bhutan to get Nu 47 bn for hydropower and Nu 13 bn for 11th plan from India’s 2014-2015 Budget

The goodwill generated during Prime Minister Narendra Modi’s visit and the traditional ties of friendship between Bhutan and India has not been restricted to only kind words about each other. This April 2014 to More...

By tb admin On Friday, July 4th, 2014
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Govt revamping FDI and EDP to make them more pragmatic and kick start the economy

The PDP government is in the process of studying and making some changes to the existing, Economic Development Policy (EDP) 2010 and the Foreign Direct Investment Policy (FDI) 2010 to promote economic activities More...

By tb admin On Friday, July 4th, 2014
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Each Minister given one indicator to push Bhutan to the top 100 position in the global ‘Doing Business Indicators’

A high powered Better Business Council is also being finalized and it will include members from the private sector After coming into power, one of the big economic promises of the government was to improve Bhutan’s More...

By tb admin On Friday, July 4th, 2014
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Govt to mine and export raw minerals for revenue through the State Mining Corporation

One big but brief and barely noticed announcement in the Prime Minister’s state of the nation address was the government’s plan to form a State Mining Corporation (SMC) that would export minerals to India and More...

By tb admin On Tuesday, July 1st, 2014
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NA’s Entitlement Bill may run into NC wall with its newfound ordinary Bill status

The Bill which was portrayed as a money bill earlier has now been found to be an ordinary Bill giving the NC a say while reviewing it in the Winter Session A key moment in the passing of the Parliamentary Entitlement More...