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...
Ninth session of Bhutanese parliament
The last budget session of the Bhutanese parliament is set to begin in the capital on Friday. The first elected government will present its final budget before going for the election, early next year. This budget will determine the popularity of the current ruling party. The more it can...
Jhapa eyes India-bound Bhutan surplus power
Raju Adhikari JHAPA, May 30: Businessmen and politicians in Jhapa have proposed to the government to import the surplus from the electricity that India buys from Bhutan to provide relief from load-shedding in the district. The businessmen and political leaders, who have already furnished a formal proposal to the...
ESCAP calls for Asia pacific economic growth
The annual session United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has called for action from the governments to promote regional economic integration, trade and energy connectivity. Speakers at the annual session, which concluded Wednesday in Bangkok, pointed out that these three areas as the...