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Inflation drops to 2 per cent in 2024 – RMA

Inflation drops to 2 per cent in 2024 – RMA

The Royal Monetary Authority's 2024 annual report reveals that inflation in Bhutan has dropped to one of its lowest levels last year since the COVID-19 pandemic. The figure fell to 2 per cent as of August from 5.7 per cent in the same month in 2023. This decline, largely driven by falling fuel prices and slower increases in non-food costs,...

Khorlochhu Hydropower Project takes off with Nu 16.8bn contracts

Khorlochhu Hydropower Project takes off with Nu 16.8bn contracts

The 600-megawatt Khorlochhu Hydro Power Project took a major step forward with the signing of four contracts worth Nu 16.8bn on 10th January. The contracts will cover the construction of a dam and powerhouse. The two main shareholders, Druk Green Power Corporation and Tata Power Company Limited, also held their first general and board meetings in Trashi Yangtse, appointing the...

Dagana’s Narikhachhu irrigation scheme renovation to boost paddy production

Dagana’s Narikhachhu irrigation scheme renovation to boost paddy production

Farmers from Thomgang and Akhochen chiwogs in Khebisa Gewog, Dagana, can look forward to a reliable irrigation water supply for the upcoming paddy transplantation season. This is because Dagana District Administration is renovating the Narikhachhu irrigation scheme. The previous system faced significant challenges, including leakages and disruptions caused by falling boulders, leading to acute water shortages.  Construction of a 57-cubic-meter...

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