HEADLINE STORIES

As the government finishes its third year and as 2018 looms closer, the Opposition party has shifted itself to a higher gear in both criticizing the government and pointing to shortfalls, including election pledges made in 2013. In the most detailed and arguably the longest press conference till date the …

The Ministry of Finance (MoF) is currently in the process of studying a Revenue or Tax Intelligence System, that once set up will monitor tax evasions and investigate tax frauds. The Department of Revenue and Customs (DRC) under MoF has submitted a proposal to the MoF which is looking at …

On 14th July, His Majesty The King appointed 7 government secretaries as per Article 2.19 of the Constitution, “On the recommendation of the Prime Minister, who shall obtain nominations from the Royal Civil Service Commission on the basis of merit and seniority and in accordance with other relevant rules and regulations.” …

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 …

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 …