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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,...

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...

GMC to include Bitcoin and other digital assets in strategic reserves

GMC to include Bitcoin and other digital assets in strategic reserves

Gelephu Mindfulness City, GMC, has announced plans to adopt digital assets such as Bitcoin, Ethereum, and Binance Coin in its strategic reserves. According to a GMC social media post, the move makes the Special Administrative Region one of the first jurisdictions globally to officially hold digital assets as reserves. Strategic reserves refer to assets or resources set aside to ensure...

Human negligence fuels rising forest fires in Bhutan, threatening biodiversity and livelihoods

Human negligence fuels rising forest fires in Bhutan, threatening biodiversity and livelihoods

Bhutan loses acres of forest to fire every year, raising concerns about the impact on biodiversity, climate, and the livelihoods of forest-dependent communities. The country witnessed an increasing number of forest fires for three consecutive years. According to the Department of Forests and Park Services, 99 per cent of forest fires are caused by human negligence. Despite countless fire prevention...

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