Govt. plans to fast track processing of PSL projects

The government is working on initiating internet facilities for those availing support with their proposal from the Priority Sector Lending (PSL) scheme. This is believed will enhance or fast track processing of the project proposals. During the question and answer session of the National Assembly on Friday, Member of Parliament (MP) from Khar-Yurung constituency Tshering […]

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Multiple strategies in place to tackle youth unemployment

During the Q & A session in National Assembly yesterday, the issue of youth unemployment was deliberated. Bartsham-Shongphu MP Passang Dorji said that there are a huge number of youths unemployed in Bhutan. According to the statistics, 15% of youths are unemployed and 64% of those who pursued higher studies were unemployed. “Last year, there […]

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Moratorium on construction of houses in Dzongkhag towns to be lifted after LAPs

The moratorium on the construction of houses in towns would be lifted after the Dzongkhag Administration completes the Local Area Plans (LAPs), said Economic Affairs Minister when quizzed by the Member of Parliament (MP) from Nganglam constituency in Pemagatshel at the National Assembly session in Thimphu yesterday. Questioning on the status of economic centers’ initiatives […]

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Poor budgeting affects country’s judicial system

Bhutan’s judiciary system has been affected by poor budgeting. This is according to the Annual Report 2019 of the Judiciary of Bhutan that was released this week. Given such constraints, the report states that the judiciary is not able to build adequate infrastructure across the country and develop its human resource capacity through provision of […]

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PIT exemption ceiling to be to Nu 300,000 from Nu 200,000

The government has proposed to increase the Personal Income Tax (PIT) ceiling from Nu 200,000 to Nu 3000,000. Finance Minister Namgay Tshering presented the bill at the National Assembly to amend Income Tax Act 2001 and revised Taxes and levies Act 2016 on Thursday. Lyonpo said that the objective of amending the bill was to […]

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Regional tourists to pay SDF of US$ 16.25 per person

To tackle down the issue of regional tourists, the government has proposed to levy a daily sustainable development fee (SDF) of US$ 16.25 per regional tourist visiting Bhutan. Finance minister Namgay Tshering introduced the bill at the National Assembly on Thursday to amend the tourism levy Act of Bhutan, 2018. Regional leisure tourists will be […]

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15 specialists from Bangladesh to arrive by mid-February

Fifteen specialists from Bangladesh are expected to arrive in the country by mid-February this year. This will address the shortage of medical specialists in the country. Health minister Dechen Wangmo told Business Bhutan that with the current health facility and services there is a shortage of around 60% specialists in the country. However, with the […]

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Industrial Parks to be established by year end

A budget of Nu 1.5bn has been allocated for four industrial parks and these industrial estates would be established by the end of this year. Prime Minister Dr Lotay Tshering while meeting with the officials from the Department of Industry and Gross National Happiness Commission on Tuesday told them to complete the building infrastructure by […]

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