The service center will also buy farm produce from farmers One of the key points of the PDP’s manifesto that caught the imagination of the people, especially of the rural masses, was a promise of one power tiller per chiwog, two helicopters, a local bank for every gewog, and a …
Read More »A Companies Bill that protects shareholders and sets the business straight
Pointing out the many shenanigans of mining companies in creating subsidiary companies or businesses that took away the profits from the main company and hence minority shareholders, the Royal Audit Authority (RAA) had recommended legal provisions to protect them. The new Companies Bill 2014 is expected to address this lacuna …
Read More »RAA mines report points out service delivery issues in mining sector
With the government counting on mining as one of the key growth areas of the economy, however, the performance audit on Bhutan’s mining sector by the Royal Audit Authority (RAA) points out some issues in service delivery and delays in processing mining applications. The data provided by Department of Geology …
Read More »RAA points out Nu 1.125 bn in irregularities and losses in its audit of the mining sector from 2008-2012
The Royal Audit Authority (RAA) in it performance audit report on the mining sector has found weak and ineffective monitoring by the government and also certain practices by mining companies which favored promoters and disadvantaged minority shareholders. The report titled, ‘Performance Audit of Tax on Mining and Quarrying Sector,’ covers …
Read More »FM’s report: Pool vehicles to continue, PIT to be amended and changes made in pay revision report
The Finance Minister Lyonpo Namgay Dorji on Monday 17th November 2014 will be sharing the response and the actions of the government on various resolutions on financial matters passed by the National Assembly and National Council. The minister in his report has said that the government carried out a detailed …
Read More »DPT claims right to sue, defends its record and says that it is not a seditious party
The party offered to withdraw the case if Dasho Benji offered a public apology In a sign that the Dasho Benji vs DPT defamation case is generating more controversy than intended, the Druk Phuensum Tshogpa (DPT) said that, it was ready to withdraw its case if Dasho Paljor J. Dorji …
Read More »As ACC freezes seven plots in Thimphu more details emerge on the land case
In the clearest sign that the Anti Corruption Commission is looking into allegedly illegal land deals in Thimphu involving former Gup Naku, former National Land Commission (NLC) Director Tshewang Gyeltshen and NLC Disputes Settlement Committee head Karma Jamtsho, the ACC issued two freeze notices on 30th of October freezing seven …
Read More »Alstom in 2 letters to GoI alleged that BHEL overcharged by up to 30% for P II and Mangdechu
Letters from Alstom and Andritz also complain of being left out of P II and Mangdechu even though they were capable In two letters sent in 2013, one to the then Minister for External Affairs Salman Khurshid, and another to the then Deputy Chairman of the Planning Commission Montek Singh …
Read More »Former Gup Naku and Bhutan Telecom CEO Tshewang Gyeltshen detained in connection with land transactions
The detention of former Gup Naku, on 16th October at around 2 am and the detention of Bhutan Telecom CEO Tshewang Gyeltshen early morning on the 18th October are related to land transaction cases involving the two in Thimphu Dzongkhag. Tshewang Gyeltshen who had recently taken over the new CEO …
Read More »India’s President Pranab Mukherjee to visit bhutan in november
The President of India Pranab Mukherjee is scheduled to visit Bhutan on the 7th of November 2014 on a state visit. It has been learnt that it will be a day’s visit and the President will be leaving for India the next day on the 8th of November. Preparations are …
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The Bhutanese Leading the way.