Whenever some natural disaster or even heavy weather hits Bhutan, there are almost always reports of damages to public infrastructure whereby the damage is ascribed almost entirely to the disaster. However, the Royal Audit Authority in its performance audit on Disaster Management from 2010-2015 says more often it has to …

A performance audit report on Disaster Management from 2010-2015 has found several issues like the lack of coordination among agencies,  absence of Dzongkhag Disaster Management Committees, inadequate fire safety measures in Dzongs, lack of central data base on disaster management etc. The Bhutanese in the monthly meet the press asked …

A recent Royal Audit Authority performance audit on Business Income Tax from 2009-13 had pointed out that the overwhelming benefit of Nu 2.688 bn fiscal incentives given from 2010 onwards as part of the Economic Development Policy had mainly benefited 39 high end hotels. It had noted that apart from …

The Royal Monetary Authority (RMA) will be auctioning Nu 5.5 bn worth of Treasury Bills on behalf of the Ministry of Finance to mop up some funds from the market. The RMA Governor Dasho Penjore said the RMA is facilitating the auction for the Ministry of Finance. The Finance Minister …

On 24 June 2012 a national tragedy gripped the nation as Wangdue Dzong burnt down, but a 2010-2015 performance audit on disaster management still found inadequate safety measures in Dzongs and public buildings even after the fire. A Royal Audit Authority (RAA) review of the fire safety measures in Dzongs …

Bhutan over the years has experienced its fair share of natural disasters from earthquakes to floods and fire. All the while there was much pronouncement and promises by both the former and current governments to strengthen disaster management preparation and coordination. However, the Royal Audit Authority in a Performance Audit …

The Royal Civil Service Commission (RCSC) recently sent 21 names of Executive Level 2 and Executive Level 1 officials to the Cabinet. The Cabinet which has received the 21 names is looking into the list and is expected to soon select its choice before sending the final names for official …

The Royal Monetary Authority (RMA) has completed its report on the review of the interest rates and will be presenting it to the RMA board soon. However, according to a senior RMA official the review report is much broader than just focusing on interest rates but also looks at other …

The National Council’s  ‘Foreign Workers and Illegal Immigration in the Country’ report pointed out several issues on illegal immigration, non documentation of certain workers, large numbers of workers and issues faced by the immigration department. The Bhutanese based on the findings of the National Council (NC) report questioned the Home …

Meanwhile RMA is looking at tinkering with base rates and creating a Money Market for more funding options Many, from the ordinary person on the street to the government now feel that Bhutan’s banks pay low rates on deposits and charge too much with much higher loan interest rates. This …