Exporters express the need to involve community in mining activities

Exporters who are engaged in the mining sector feel the importance of involving the community in mining activities in the country. This was evident when the Member of Parliament’s economic affairs committee met with the Exporters Association of Bhutan (BEA) and the Association of Bhutanese Industries for suggestion and feedbacks on the Mines and Minerals […]

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FCB procures 50MT of cardamom through buy-back scheme

Food Corporation of Bhutan Limited (FCB) has explored and managed to find customers for more than 50 Metric Ton (MT) of cardamom that was bought from the farmers through buy-back scheme. FCB sold this through intermediates though it did not have much time and scope for better marketing.  The government had directed FCB to procure […]

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RuPay card to be launched during Indian Prime Minister’s visit

RuPay card will be formally launched during the state visit of Indian Prime Minister Narendra Modi to the country this month. RuPay is India’s card scheme created by the National Payments Corporation of India. It was conceived to fulfill Reserve Bank of India’s vision to offer a domestic, open-loop, multilateral system which allows all Indian […]

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PM visits SDF to discuss strengthening of collaboration and explore investment opportunities

Bhutan is one of the Member States that has derived maximum benefits from SDF’s various funding schemes Prime Minister Dr Lotay Tshering visited the SAARC Development Fund (SDF) Secretariat Tuesday to discuss strengthening collaboration with SDF by exploring more investment opportunities. SDF officials led by Chief Executive Officer Dr Sunil Motiwal briefed the Prime Minister […]

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Advance tax payment to ease burden of paying tax one way

Large and medium business and corporate units must deposit their tax advance hereon. The Department of Revenue and Customs has notified that all large and medium business or corporate units must deposit their advance tax by August 31. According to the Ministry of Finance, based on the tax paid in the previous year, large and […]

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Three promoters register with crowdfunding platform

Three promoters have registered with the Bhutan crowdfunding platform so far. Some others have shown interest and are yet to be vet. Bhutan crowdfunding is the first digital platform developed by the Royal Securities Exchange of Bhutan (RSEB). Bhutan crowdfunding aims to provide an alternate financing model for start-ups, new business ventures and cottage and […]

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Market and price slump worry ferro-silicon industries in Pasakha

Since the beginning of the year, Bhutanese ferro-silicon industries have been left worried with the slump in prices and market for ferro-silicon produced at their plants. Demand for ferro-silicon and the raw material to manufacture steel has dropped, affecting the industries in Pasakha, industrialists claim. The price for the product has subsequently decreased since January […]

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