Tag Archives: Bhutan

600 MW Kholongchhu JV project headed for closure?

โ€ฆ KHEL faces shareholding, funding issues Kholongchhu Hydro Energy Limited (KHEL), the first-ever joint venture hydropower project in Bhutan formed between Druk Green Power Corporation (DGPC) and India’s Satluj Jal Vidyut Nigam (SJVN)  is on the verge of shutting down due to disagreement among the shareholders and funding issues. The shareholder’s agreement for the development of 600 MegaWatt (MW) was signed …

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Businesses worried over sugar, wheat export restriction

โ€ฆ Export restriction of sugar will last for three-months With India imposing a temporary restriction on sugar exports, home-based confectionaries, bakeries and other businesses are worried about the impact on their businesses. The restrictions will be applicable with effect from June 1 to October 31. The marketing season for sugar in India follows the October to September yearly calendar. Export …

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GoI is actively considering imports of potatoes, areca nut: MoEA Minister

With import restriction lifted for ginger from Bhutan, the Economic Affairs minister states that the Government of India is actively considering imports of potatoes and areca nut. A May 19 notification from Directorate General of Foreign Trade, Ministry of Commerce and Industry states: โ€œImport of fresh ginger, wholly produced in Bhutan, is Free subject to Article-I of Agreement on Trade, …

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MoEA to revise existing entertainment rules, regulations

โ€ฆ Drayangs not eligible to directly operate other entertainment businesses Due to changes in the Drayang entertainment business, the Ministry of Economic Affairs is in the process of revising existing entertainment rules, and regulation. The change will be based on the Media Act of Bhutan (2018). Additionally, the Economic Affairs Minister, Loknath Sharma highlighted that entertainment businesses are not allowed …

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iDesire to offer need-based academic scholarship

โ€ฆ scholarship is offered at Norbu Rigter College As part of iDesireโ€™s Corporate Social Responsibility (CSR), the computer retail store is sponsoring a business degree scholarship at Norbu Rigter College (NRC). The scholarship includes full tuition fees, and boarding fee amounting to Nu 5,08,404. According to iDesire, the recipient of the scholarship will also have a chance to work with …

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DTT to submit documents for registration

โ€ฆ members disprove of short-term election pledges and localized promises Wrapping the party convention, electing its president, and vice-president, and adopting the party charter, Druk Thuendral Tshogpa (DTT) is ready to register as a political party with Election Commission of Bhutan. The party president, Kinga Tshering said the party will submit the documents to ECB by next week. On the …

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Viral message taken out of context: Lyonpo Dr Tandi Dorji

โ€ฆ the government is discussing the difference of fuel prices  Social media is rife with Foreign Minister, Dr Tandi Dorjiโ€™s voice message, subsequently, people are speculating different things. To set the record straight, Lyonpo Dr Tandi Dorji said, the voice message has only gone viral as he talked about surrendering the ruling, and it was not much about the escalating …

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MoEA suggests axing five percent sales tax, green tax on fuels

โ€ฆ if fuel price comes to a threshold rate, the taxes will be re-introduced To offset the soaring fuel prices in the country, the Ministry of Economic Affairs is suggesting the government to axe the five percent sales tax, and five percent green tax on fuels. However, this will have to undergo review at the parliament. The fuel price increased …

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BoB launches collateral-free loan for DSP De-Suups

Thousands of De-Suups will now have access to collateral-free loans for their start-ups, Bank of Bhutan has launched a loan scheme for skilled De-Suups. DSP Start-Up Loan is a cash flow based loan where no collateral is required. Instead of a collateral, a guarantee by another eligible De-Suup applying for the Start-Up loan will be required.  The loan ceiling is …

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Duo undergo trial for suspected trafficking

โ€ฆ 44 women were allegedly trafficked to the Middle East in 2018 and 2019 In the case involving alleged trafficking of 44 women to the Middle East, a duo in their late thirties, Dawa Dema and Karma Thinley from Trongsa is undergoing trial at Thimphu district court. They have allegedly trafficked women to countries in the Middle East, and India. …

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