Drukair’s more flights to Hong Kong and Singapore
The national flag carrier of Bhutan, Drukair, announced that it will open up new services to Hongkong and Singapore. The national airline currently operates between five countries- Bhutan, Bangladesh, Thailand, Nepal, and India, flying to the Indian cities Delhi and Kolkata, and making stopovers at key places like Guwahati,...
Arunchal Pradesh wants road through Bhutan
State government of the Indian state of Arunachal Pradesh is likely to ask the Central government to initiate talks with the Bhutan government for construction of a road from West Bengal to the state through Bhutan. State’s PWD Minister Chowna Mein informed the state Assembly on Monday that the...
Ngultrum banned in Assam
Amid rupee crisis in Bhutan, the state government of Assam initiated to ban use of Bhutanese currency in the state According to reports, there has been sharp rise in use of Ngultrum in Assam for business transaction and drafts. The Royal Monetary Authority of Bhutan and Reserve Bank of...
Indian businesses learnt to play with Bhutanese economy
For last one year, Bhutanese economy is not performing well, as expected. The government had not expected that increasing trade imbalance with India might create such a trouble. Despite increase in exports of hydropower, Bhutan’s economy has become so fragile that it has to live at the mercy of...
Indian support to Bhutan reaches Rs18 billion a year
Indian government proposes more than Rs 18 billion support for Bhutan in next fiscal year through budgetary support and foreign ministry. It is an increase of Rs 6.05 billion from last year. Of the total support, Rs 3 billion is on loan. Read the budget document here....
Out of track on mission to self-reliant economy?
Increase in quota for Bhutan to burrow Indian rupee some months back is unlikely to resist the increasing trade deficit of the country with India – thanks to 32 percent increase in imports from India in 2010 compared to the previous year. According to the report of Finance Ministry,...