Growing inflation pushes down value of Nu 100 in 2008 to Nu 75 in 2012

In 2012 54.25 percent of inflation was caused by domestic factors and only 45.58 was imported inflation. High Inflation also means high poverty rate and lower growth according to Economists.

Rapidly increasing inflation rate since 2008 till 2012 will negate high economic growth rates and also negatively impact the poverty alleviation achievements of the government.

Inflation from 2008 to 2012 has increase by 39.53 percent meaning that is the amount by…

Land Commission rejects govt proposal to sell Trowa theater land

The National Land Commission’s Dispute Settlement Committee (DSC) has shot down the government’s proposal to sell the Trowa theater land to the tenant Kunley Wangchuk as it is not in keeping with the Land Act 2007.

The committee cited the provisions of Land Act, 2007 which stipulates that ‘under no circumstances shall a government land on lease from the government land…

Chenda Tobgye detained for Bangkok embezzlement case

The Anti Corruption Commission (ACC) detained Chenda Tobgye on 3 March, 2013 in the Thimphu city police station in connection with the ongoing investigation of the Bangkok embezzlement case which first came to the light in late 2010.

The ACC had received the case from the Foreign Ministry in November end 2011.

The government forwarded the cases to ACC as there was a prima facie case of the corruption to be…

ACC submits its Rebuttal after the first hearing

The Anti-Corruption Commission (ACC) during the first hearing in the high court’s full bench said that the Home Minister was found guilty of not abiding by his Majesty’s Kasho of 1987 and was charged for official misconduct of allotting plots to those who were not eligible.

However the legal counsel of the Home Minister, Jamyang Sherub Wangdi refuted and said that the procedures on plot allotment were issued by the…

Indifferent Ministry and careless contractors mess up Nu 30 mn renovation of Pangrizampa Monastery

Monks at the…

Government goes out of its way to bail-out the ‘White Elephant’

Among many other incentives, even the candidates’ process trainings for the two companies are funded by the government while tenancy progress at the tech park hasn’t improved a bit

Save for the existing two at the Thimphu TechPark Private Limited (TTPL), an uncomfortably good period has passed without any other…

MoIC Engineer admits to lapses and overpayment in airport construction

On the first day of hearing at the Construction Development Boards arbitration committee the Ministry of Information and Communication Deputy Executive Engineer, Gyem Dorji admitted that there had been lapses and overpayment in the construction of the Gelephu airport.

As per the Royal Audit Authority report Nu 78.27 mn had been overpaid for surfacing of the airport and the MoIC and the Department of Civil Aviation had been accordingly instructed…

Ex-Civil Aviation DG liable in Audit of domestic airports allows arbitration on RAA report as new DG of CDB

In what some are already calling a case of conflict of interest, the former Director General of the Department of Civil Aviation, Phala Dorji, who is held accountable in the RAA report on domestic airports, has permitted an arbitration on the RAA report. He has done this in his new post as the Director General of Construction Development Board under Ministry of Works and Human…

RAA points to Environmental Mismanagement and Flood threat in Domestic Airports

The RAA report has not only stopped at the massive financial, legal and procedural irregularities in the construction of the airport but has also pointed out the environmental lapses in the construction of Younphula and Bathpalathang airports.

This includes the probability of flooding in the Gelephu and Bathpalathang airports which were not adequately addressed by the Environmental Impact Assessment.

The Report also criticized the fact that the…

BCCI reveals loopholes in current Excise Duty System and suggests a new system

BCCI says the new system will not mean loss of revenue to government and will also enhance the private sectors competitive edge 

The Bhutan chamber of commerce and industry (BCCI) has proposed to bring about a complete change in the current excise tax system and thereby modify the trade agreement with India.

A study on India’s excise duty system and its impact on Bhutan carried out by QED consultancy on behalf…