The move is driven by Bhutan’s desire to enhance digital and cross-border payments. By Staff Reporter The Royal Monetary Authority (RMA) has partnered with Ripple to use its infrastructure to pilot a central bank digital currency. According to an announcement from Ripple, the move is set to expand the countryโs financial inclusion efforts and extend its commitment to sustainability as it aims to become …
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India, still the number one grant provider
Among others the GoI will also support the construction of Sarpang Dzong for which a budget of Nu/Rs 275 has already been earmarked Compiled by Sonam ChokiThimphu Government of India this week provided a grant of Nu./Rs. 810.22 million towards key development projects in BhutanOn Friday, the Government of India has released an amount of Nu./Rs. 810.22 million to the …
Read More »Trashiyangtse sees reverse migration
By Tshering One of the biggest problems in Bhutan today is coping with rising rural-urban migration, also called Gungtong. The rising rural-urban migration has seen exodus of people from remote Dzongkhags in search of better jobs, wages, and higher standard of living and other facilities like scope for good education, health, transport and housing facilities. One of the reasons cited …
Read More »Drying water sources could force people out: Nangar farmers
The village had no proper drinking since 2010 By Kinley Yonten For the last three years, Dema, 47, had been the same routine every ay. She wakes up early takes a three-hour uphill walk or walk down to the stream to fetch drinking water. This is because Nangar village is increasingly facing water shortage. There is a water tap outside …
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