The impact of Ngultrum depreciation against the dollar

The Indian rupee (INR) has been depreciating against the US dollar (USD) in recent months and with the Ngultrum (Nu) pegged to the INR, there is a lot of pressure from the exchange rate fluctuations.

Government following up export issues

The Ministry of Economic Affairs (MoEA) is following up with the...

Businesses to seek more relief measures

Most of the businesses would not be able to repay loans...

Loan defaulters could hamper EV project

Defaulting loans, borrowed to buy electric vehicles (EV), has become a  hurdle...

Expansionary fiscal policy pushes debt-to-GDP ratio to 138.8 percent

The country’s outstanding external debt increased to a record high of...

External debt rises to Nu 222.72B  

The country’s external debt rose by 1.3 percent (to Nu 222.72...

Nu 28.48B transacted digitally during the lockdown

In what is one of the few positive impacts of the...

Govt. bond oversubscribed: what does it mean?

The government raised Nu 3 billion (B) through the issuance of...

GDP growth targeted at 5 percent by June 2022

Despite the pandemic, the government is aiming to achieve economic growth...

25 percent of capital budget spent in first half of fiscal year

The country spent Nu 10.6 billion (B) as capital expenditure in...

Six projects under KUEN-Phen Financing starts operation

When times are hard and inflation is spiralling out of control,...

FDI declines by 40 percent 

The country recorded a 40 percent decline in foreign direct investment...

Economy growth neutral in 2021: PM

Economy growth of the country in 2021 would be neutral or...

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