Monthly Archives: December, 0

The Indian rupee has depreciated against the dollar reaching 66 against the dollar as of today. This has entailed several speculations in the local market since the ngultrum is pegged at par with the Indian rupee.

The economic affairs minister, Norbu Wangchuk visited the Mangdechhu Hydroelectric Project on Saturday to assess the situation. Five workers lost their lives after they were buried under the rubble from the landslide at the project’s dam site on Friday.

Hope of seeing those trapped under the landslide, at Mangdechhu Hydroelectric Project dam site in Trongsa, alive is dimming. Five workers are feared trapped under the rubble from the landslide that occurred at 11 AM, today.

The government says it has neither violated the provisions of the Constitution nor has ignored the findings of the Constitutional case in granting exemption of sales and customs duty on imported books.

The Audit Recoveries Account shows that the Department of Trade has not yet collected and deposited inadmissible amounts of more than Nu 112 M from the three LPG dealers.

Although revenue in terms of production and sales has improved, the Dungsam Polymers Limited, that manufactures polythene bags, recorded a significant drop in profit in the second quarter this year.

The Anti-Corruption Commission (ACC) has released the former Revenue and Customs Director, Choyzang Tashi after detaining him for three weeks.

Increased taxes on vehicles, introduction of fuel tax, and banks lowering the amount car buyers can borrow have done little to dissuade people from buying new cars.

The Australian government will be cutting down the number of scholarships beginning the 2016 intake. The Australian Ambassador to Bhutan, Patrick Suckling said the cut is not prescribed only to Bhutan, but is being done globally as Australia is going through a budget deficit.

A 36-year-old Bhutan Power Corporation’s technician was electrocuted while trying to repair an electric transformer in Urug Village under Chhumig Gewog, Bumthang. He was thrown off the electric distribution substation at around 11:50 AM, yesterday.