The National Assembly rejected Impeachment Procedure Bill and Minister and Equivalent Post Holders’ Entitlement Bill recentlyKuensel

Disagreement between NA and NC complicates legislative procedure

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The National Assembly’s refusal to deliberate the Impeachment Procedure Bill 2019 and the Minister and Equivalent Post Holders’ Entitlement Bill 2019 has raised questions on the fate of the two Bills.
Kuensel

His Majesty The King celebrates Daw Chunyipai Losar in Dewathang

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His Majesty The King celebrated Daw Chunyipai Losar with the Royal Bhutan Army personnel and their families in Dewathang.  Daw Chunyipai Losar is the first day on the 12th month of the Bhutanese Lunar calendar, and celebrated as the start of a new year in Eastern Bhutan.
Construction underway at Jigmeling Industrial Park, Sarpang (Photo: Kezang Deki)Kuensel

High-level roundtable constituted on 21st Century Economic Roadmap

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Chaired by Prime Minister Dr Lotay Tshering, the first meeting of the high-level roundtable on the 21st Century Economic Roadmap held yesterday reviewed the proposed goal and timeline within which the roadmap is to be drawn.  The proposed goal of the economic roadmap is “High Income GNH Society by 2030”, the threshold of which is a GNI per capita of USD 12,375. 
His Majesty The King grants an audience to ICT teachers from across the country in Gelephu yesterdayKuensel

His Majesty in southern Bhutan

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His Majesty The King granted an audience to ICT teachers from across the country who are attending a 12-day coding training which started in Gelephu yesterday.  
Construction underway at Jigmeling Industrial Park, Sarpang (Photo: Kezang Deki)Kuensel

Mining Bill may have limited the state’s rights over minerals  

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The Mines and Minerals Bill 2020 gives the state the prerogative to promote and develop minerals if they are found either on government or private land.  However, a new Section that provides for obtaining written consent from the landowner may have limited the state’s right to extract the mines and minerals from private land to the nation’s economic benefit. 
Construction underway at Jigmeling Industrial Park, Sarpang (Photo: Kezang Deki)Kuensel

Crowdfunding expected to catalyse capital market

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In a span of seven months since the launch of Bhutan Crowdfunding portal, three start-ups were able to raise funds to expand their businesses.  After the Bhutan alternatives and Himalayan Food, One Click Shop, an e-commerce based shopping mart was able to raise Nu 8.5M from about 91 investors, two days ago. 
Khothakpa Gypsum mines in Pemagatshel (file photo)Kuensel

NA flounders in naming monitoring agency

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The Mines and Minerals Bill 2020 provides for an independent regulatory body as a monitoring authority. Today,  the Ministry of Economic Affairs (MoEA) carries out both implementation and monitoring. 
Construction underway at Jigmeling Industrial Park, Sarpang (Photo: Kezang Deki)Kuensel

GST: Protecting domestic products a major concern

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If the Goods and Services Tax (GST) law is passed, protection of the domestic manufacturers and their products is the primary concern among the private sector players. This was raised during the GST consultation and awareness meeting the Phuentsholing business group had with the Finance Minister Namgay Tshering and his team on January 18. 
Construction underway at Jigmeling Industrial Park, Sarpang (Photo: Kezang Deki)Kuensel

Seven percent GST across all board will eliminate 11 BST slabs

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Should the Parliament pass the GST law, tax regime in the country would be digitised and integrated through an on-line platform. During a consultative meeting with the members of the private sector at the Bhutan Chamber of Commerce and Industries (BCCI) office yesterday, Lyonchhen Dr Lotay Tshering said that GST is the way forward to institute a 21st-century tax regime.
Kuensel

Govt. proposes goods and services tax

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In what can be called as a major overhaul to the tax regime, to reinforce the tax administration and to recoup an additional revenue of Nu 3B, the finance minister yesterday proposed goods and services tax Bill (GST), introducing a standard single rate of 7 percent, which would subsume the sales tax and modify the excise system. 
His Majesty The King graced the opening ceremony of the 3rd session of the Third Parliament yesterdayKuensel

Parliament offers gratitude to Their Majesties

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His Majesty The King graced the opening ceremony of the third session of the third Parliament at the Gyalyong Tshogkhang yesterday. 
There are about 42,000 yaks in the country today (File photo)Kuensel

Custodian of northern borders are leaving their homes 

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Every year people from the mountains descend to the plains for warmth and comfort. But for some this is no more a seasonal migration. 
Construction underway at Jigmeling Industrial Park, Sarpang (Photo: Kezang Deki)Kuensel

Delays frustrate applicants at industrial parks

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Lengthy approval procedures, incompetent project appraisal officials at the banks, delay in issuance of environment clearances and land lease certificate are some of the reasons establishment of industries is delayed.