Future of domestic air services in Bhutan
The domestic air service in Bhutan is not quite successful. The government had postponed the plans several times on pretext of good preparations. When it came into enforcement, government words turned out to be hoax and hindrances seen thereafter clearly indicated that there had never been enough homework and...
Privatisation vs nationalisation
Privatisation and nationalisation have become a complex subjects for the political parties and politicians. Both the parties, so far legally registered, have no clear vision what they choose to – nationalisation or privatisation. Even the government has no policy whether they promote nationalisation or privatisation. In one of the...
Asian markets fear Federal Reserve’s move
Ripples of US’s growth forecast is felt in Asia. The stock markets in Asia fell Thursday as investors registered dismay at initiative taken by the Federal Reserve to try to invigorate the stalled US recovery. After a prolong debate on Wednesday, the Federal Reserve said it was extending a...
Bhutan’s budget for 2012-13
Bhutan’s Thinley government has presented the national budget for the fiscal year 2012-13 on Wednesday. This is the last budget from Thinley-led government before the second parliamentary elections. Finance Minister Wangdi Norbu presented the budget of Nu 33.4 billion, less than revised budget of last fiscal year. Norbu said,...
Bhutanese Minister blames public for rupee crisis
Bhutanese Finance Minister Wangdi Norbu said cause behind rupee shortage in the country is import exceeding export. In response to questions raised by lawmakers on Tuesday’s session of parliament, Mr Norbu said that rupee crisis of today was not a problem of solvency and thus not a problem to...
Europe’s economic union under threat
It looks the world leaders are looking at Europe for any positive outcomes on economy. Their hopes lie on success of Spanish Bank bailout and keeping Greece into the Euro zone. The uncertainty of European economy has prolonged more than expected. The European leaders had expected, they would tame...