Bhutan Financial News

Stock market today: Shares of NECC (North Eastern Carrying Corporation) has been in uptrend for the last two sessions. In last two sessions, NECC share price has risen from ₹30.15 to ₹32.70 apiece levels on NSE, logging around 8.5 per cent rally in this time.

a balance between anthropogenic emissions…and removals". Residual, “hard to abate" emissions of greenhouse gases were to be balanced by the withdrawal of carbon dioxide already in the atmosphere. The project at Fujairah aims to show one of the ways in which what went up can come down, and the way of the world be righted.

Logistics (I&L) sector in Kolkata will record a 5-year high supply in 2023 as a result of the completion of pent-up projects across the city and its peripheries. Total I&L supply in 2023 is likely to touch 5.2 mn. sq. ft.

FDI) proposals worth about Rs one lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said. The remaining are either pending or withdrawn or rejected by the government. In April 2020, the government came out with a press note under which the Centre made its prior approval mandatory for foreign investments from countries that share land border with India to curb opportunistic takeovers of domestic firms following the Covid-19 pandemic.

People's Democratic Party (PDP) led by former Prime Minister Tshering Tobgay has surged ahead in the first round of Bhutan's parliamentary polls this week, securing overwhelming majority amid efforts by China to expand its presence in the Himalayan nation through resolution of the boundary dispute between the two neighbours. According to the Election Commission of Bhutan, the PDP bagged about 42.5 per cent votes, followed by the Bhutan Tendrel Party (BTP), which finished second with 19.5 per cent votes. The two parties with the highest number of votes will go to the final run-off on January 9.

gender pay gap across sectors in India is well known. But what is liable to raise eyebrows is that even a 'modern' sector like technology, with its sturdy linkages with the global economy and young cohort of workers, suffers from the same malaise. A new Aon PLC report shows that the unadjusted gender pay gap in the tech sector in 2023 is 28-30%, while in junior management, it is 18-20%.

Satellite images have uncovered Bhutan’s undisclosed state-owned  Bitcoin (BTC)  mining operations. 

Singapore-based Bitdeer Technologies Group (NASDAQ: BTDR), a global frontrunner in the cryptocurrency mining industry, has released its unaudited operational metrics for October 2023, showcasing sustained robust performance and strategic advancements. Throughout the month of October, both the hash rate and the electrical capacity remained stable, which was praised by the CEO Linghui Kong. He brought out the fact that the Gedu Datacenter in Bhutan had contributed 3.3EH/s to the overall hash rate as well as 211 Bitcoins, which accounted for more than half of the entire Bitcoin production for the month. The ongoing construction of the Tydal Datacenter in Norway, which is anticipated to be completed in the year 2025, serves as an instance of the company's devotion to the advancement of technology as well as the rise in shareholder value.

James Wallis, Ripple’s vice president for central bank engagements and central bank digital currencies (CBDCs), has highlighted the role of CBDCs in advancing global financial inclusion in a brief video. Wallis clarifies that financial inclusion aims to extend financial services to individuals worldwide, especially those with low incomes and no ties to financial institutions.

India voted in favour of five resolutions relating to the situation in the Middle East, including one that condemned Israeli settlement activities in the Occupied Palestinian Territory, and abstained on one resolution. The Fourth Committee (Special Political and Decolonization) of the UN General Assembly approved six draft resolutions on November 9 all by recorded votes, relating to the situation in the Middle East, including the Palestinian question.

Narendra Modi and External Affairs Minister S Jaishankar. He will also visit Assam and Maharashtra, the ministry said as quoted by PTI. “The King of Bhutan Jigme Khesar Namgyel Wangchuck, accompanied by senior officials of the Royal Government of Bhutan, will be on an official visit to India from November 3 to 10," it said.

Mumbai: The Indian Hotels Co. Ltd which operates the Taj brand of hotels besides SeleQtions, Vivanta and Ginger Hotels, reposted a consolidated net profit of ₹167 crore in the September quarter, up 37% from a year earlier. Its revenue grew 18% to ₹1,481 crore, while consolidated earnings before interest, taxes, depreciation and amortization (ebitda) was up 26% to ₹402 crore.

China increased the deployment of forces and continued infrastructure build-up, including underground storage facilities near Doklam, a second bridge over Pangong Lake and a dual-purpose airport and multiple helipads, along the LAC in 2022 amid border tensions with India, a Pentagon report has said. The Indian and Chinese troops are locked in an over three-year confrontation in certain friction points in eastern Ladakh even as the two sides completed disengagement from several areas following extensive diplomatic and military talks.

NEW DELHI : India may sign a memorandum of understanding (MoU) with its key diplomatic partner Indonesia to sell up to 1 million tonnes (mt) of white rice annually, two government officials said. India’s 20 July ban on non-basmati white rice exports comes even as Indonesia plans to safeguard food security against disruptions caused by the El Nino weather pattern and difficulties with supplies from Vietnam, the current major supplier. Although Indonesia is self-sufficient in rice production, it procures rice through MoUs when there is uncertainty in meeting its domestic demand.

Gupta rejoined ICANN on October 3 as Vice President, government and intergovernmental organisation (IGO) engagement for the APAC region and Stakeholder Engagement South Asia. The organisation said Gupta will primarily oversee ICANN's engagement and participation in IGO and multilateral forums in the region, including meetings and initiatives of the International Telecommunication Union (ITU) and engaging with regional governments on the United Nations Global Digital Compact and the World Summit on the Information Society (WSIS)+20 process.

FTA journey can be divided into three distinct phases. 1975-2004: In this phase, the focus was on reducing tariffs to promote merchandise trade. India embarked on its FTA journey in 1975 by signing the Bangkok Agreement with Bangladesh, Sri Lanka, and S Korea.

archery compound men’s team featuring Abhishek Verma, Ojas Deotale and Prathamesh Jawkar defeated Korea by a score of 235-230 and clinched another gold in the ongoing Asian Games. With this India marked a hattrick of gold medals on Thursday. Congratulating the team, the Sports Authority of India said, “Hattrick for the day.

Abu Dhabi to facilitate cross-border transactions, an official said. The MoU (Memorandum of Understanding) will be signed on development of domestic card scheme of UAE based on India's RuPay debit and credit card stack, the official added. The agreement will be signed in the presence of Commerce and Industry Minister Piyush Goyal, who is leading a business delegation to Abu Dhabi from October 5 to October 6.

tourism sector, Bhutan has planned to reduce the 'expensive' airfares to lower the price for visitors travelling to the country, Bhutan Live reported. According to country's Finance Minister, this step would result in uptick of travellers to the country and increase the number of visitors that visit the nation, as the «expensive» airfare frequently discourages travellers from travelling to Bhutan. Moreover, the government has put in place a number of incentives, such as lowering the Sustainable Development Fee (SDF) from USD200 to USD100 per person, each night. Other plans, include permitting low-cost hotels to accommodate tourists and creating other long-stay incentive programmes. The government is currently taking action to encourage travellers by considering price reductions. “The government is planning with Drukair Corporation and Bhutan Airlines to reduce the airfare for the tourists.

earthquake of magnitude 5.2 on the Richter scale hit Assam and Meghalaya on Monday.

Indian ocean, a top Naval officer asserted that no country's warships or vessels can sail through the region without being noticed by the Indian Navy. «There is no way any country's warships or vessels can pass through the Indian Ocean without getting detected by the Indian Navy's P-8I anti-submarine and surveillance planes,» said a top Navy Officer. While supervising the operations of the «game changer» P-8I aircraft at Nacala Air Station INS Rajali ( Arakkonam Naval Air Station), Captain Ajayendra Kant Singh told ANI, «There is no possibility that any ship or a submarine would pass through the Indian Ocean region without 312 squadrons not knowing about it.» The Commanding Officer of INS 312 squadron, also known as Albatross, said that at any point in time, there is atleast one P-8I aircraft airborne to carry out surveillance of the Indian Ocean and the Bay of Bengal to keep an eye on all activities happening there. P-8I is known as the game changer aircraft for the Indian Navy as it has played a key role in carrying out surveillance in multiple areas of Indian interest from the high altitude areas in the Ladakh sector, revealing the level of Chinese build-up along the Sikkim-Bhutan sector during the Doklam crisis and frequent surveillance of the foreign warships and research vessels all along the Indian Ocean Region. The aircraft is also known as the Guardian of the Indian Ocean Region as it has flown more than 44,000 hours in the last 10 years to carry out surveillance over the Indo-Pacific region.