BBSCL

Farmers of Nimazor village in Tsirang’s Rangthangling Gewog now grow ginger as their main source of livelihood. Most households in the village turned to large-scale ginger cultivation after citrus greening destroyed their orange orchard, which was once their primary source of income. Although a good alternative, marketing the rhizome is a challenge for the farmers. It is harvest season but...

The Department of Geology and Mines is proposing lower royalties on processed mineral exports. The move aims to boost value addition in the mining sector and support economic growth. The proposal is under review and could be tabled in Parliament this summer. Right now, dolomite carries a flat royalty rate of 6.5 per cent whether it's raw, crushed, or powdered....

The Asian Development Bank projected that the country’s economy will grow at 8.5 per cent this year. However, in its outlook report, the ADB says the country needs to strengthen its financial sector to achieve this growth. According to the report, currently, the country’s financial system lacks depth and inclusivity. Limited access to credit, especially for small businesses and rural...

The loan deferment period for hotels is set to end in June. According to the Hotel and Restaurant Association, nearly 70 per cent of hotels are still not in a position to begin repaying their loans. The association is now urging the government to provide Economic Stimulus Programme (ESP) loans to affected hotels and to grant an additional one-year deferment...