Given the huge volume of import from India, opinions differ on the merit of hoarding so many dollars
Currency: Bhutan is rich in hard currency reserve, but poor when it comes to rupee, begging the question why hold on to hard currency when the volume of the country’s trade is the maximum with India?
Relation is most liberal and oldest free trade agreement, say officials from both sides
Commerce: With the ferro silicon industries facing stiff competition from those in China and Vietnam, the government has requested the Indian government to provide preference to Bhutanese ferro silicon.
82 people implicated for bribery in illegal entry and exit of foreign workers
ACC/OAG: The department of immigration suspended 18 more immigration officials from the Phuentsholing regional office for their alleged involvement in bribery and illegal entry and exit of foreign workers in 2013 and 2014.
Heritage: His Majesty the Fourth Druk Gyalpo yesterday inaugurated the Ludrong Memorial Garden, a gift to the people of Bhutan from Her Majesty the Royal Grandmother Kesang Choeden Wangchuck, on her 85th birth anniversary, at Langjophakha, Thimphu.
Delegation: The European Union (EU) is working on releasing 20M (million) euros of the 42M it committed by the end of this year or beginning 2016, cooperation manager, Karine Olislagers, one of the members of the EU delegation, who are in the country, said yesterday.
Last October, the EU tripled its assistance from 14M to 42M euros for Bhutan’s efforts towards poverty reduction, food security and democratisation.