BBSCL

The deadline to apply for loans under the Economic Stimulus Programme, ending tomorrow, will not be extended. However, for the Window I Concessional loans, if funds remain, the Bhutan Development Bank will reopen applications. Same applies to Window-II Reinvigoration Fund, but will be announced by all seven Participating Financial Institutions. The ESP loan which started receiving its application beginning September...

As the tax paying season begins tomorrow, the Department of Revenue and Customs has made some changes in its tax payment services. Over 40 trained private tax agents will assist taxpayers this season. The department has provided specialized training to these private tax agents who are mostly from accounting and auditing firms and unemployed graduates. The initiative will be helpful,...

In an effort to encourage better waste management practices and promote a circular economy, reverse vending machines have been installed at key locations under Gelephu Thromde. This was done as a pilot project to commemorate the National Day celebration last month. These machines turn waste materials into valuable resources, offering financial incentives to the public. The Reverse Vending Machines have...

Despite Bhutan’s goal of boosting the digital economy to contribute USD 300M to GDP by 2029, the IT sector remains ineligible for loans under the Economic Stimulus Programme. The Finance Minister explained that ESP loans are focused on sectors that directly support production and import substitution, categorizing the IT sector as part of the excluded services. As of last month,...