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,...
Economic prospects of air services in Bhutan
Countries in the Himalayan range have greater advantage to use air services as means of transportation against land transport, thanks to mighty hills and deep valleys. The combined cost for construction of roads and other infrastructure to reach villages would easily equal to investment in air services. No exception,...
Bhutan non-progressive on FDI
When India accepted Bhutan’s invitation to invest in its hydropower, this tiny Himalayan kingdom was overwhelmed and swiftly drafted foreign investment policy in hope that world will see it as land of opportunity for investment. Last year, the government unveiled a new Foreign Direct Investment (FDI) policy which opened...
The taxation politics
This is challenge not only for the smallest opposition in world but also to the country’s judiciary. The government has raised the vehicle import tax, which had to be withdrawn due to court order recently. Last year, the government had raised the import tax through cabinet which received set...