HEADLINE STORIES

If banks refuse to play ball the govt has a plan ‘B’ that the banks won’t like The Royal Monetary Authority (RMA) will be meeting with the Financial Institutions Association of Bhutan (FIAB) on 13th July and the main agenda will be on discussing ways to reduce loan interest rates. …

I am pleased to be here today to address the closing ceremony of the 7th Session of the Second Parliament. As we carry out the immensely important duties related to nation building, the members of the National Assembly and the National Council, who together constitute the 72 Members of Parliament …

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 …

On the surface Taktsang is well armored against fire with fire safety equipments like a fire alarm system, an ultra high pressure pump, fire extinguishers and hoses. However, none of them has worked since eight months after its installation in July 2015. In a meeting conducted on 18th October 2013 …

The Royal Audit Authority (RAA) has completed a performance audit to check the Business Income Tax Administration from 2009 to 2013. While noting certain positives, the report highlights several issues and shortcomings that have an impact on revenue assessment and collection of Business Income Tax (BIT). BIT increased over the …

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 …

The Office of the Attorney General (OAG) presented evidence on Monday 27th June against four men on trial at the Chukha District Court accused of smuggling 7 kg of Chinese gold. The accused were to relay the gold in turns from a Chinese national, Dawa, at the border of Haa, …

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 Department of Culture (DoC) and Royal Bhutan Police (RBP) are alerting people about a rise in the number of religious beggars and people asking for donations with fake receipts. They also said that fake religious beggars are going door-to-door asking for money after reciting prayers. An official from DoC …