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,...
BCCI seeking legal identity after 31 years
After 31 years of its existence, the Bhutan Chamber of Commerce and Industry (BCCI) felt the need to get a legal certification. The Annual General Meeting of the BCCI this week decided to push the agenda through upcoming parliament session in January to pass law which gives it a...
RMA circulation and economic rights
A recent notice from Royal Monetary Authority (RMA) the national financial institutions regulator, reads that Bhutanese citizens are not permitted to open back account out of the country. Though the RMA did mention it was just a notice of reminder, it came as a result of increasing trend among...
Second hand business-2
ShoeVival is organizing a social campaign called ‘HELP-SHOE BHUTAN. ShoeVival will clean and refurbish the shoes and distribute it amongst the people who cannot afford a decent pair of shoe. The beneficiaries are those living in villages and homeless. The purpose of this campaign are- 1. To provide basic...