BBSCL

Bhutan’s electric vehicle taxi initiative has spiralled into confusion, with millions in subsidies unaccounted for and dozens of EV taxis still undelivered. Now, the Prime Minister has stepped in, ordering the Cabinet Secretariat to launch an urgent investigation into the matter. The ambitious “Sustainable Low Emission Urban Transport Systems” project targeted to replace 300 fuelled taxis with electric vehicles by...

In two years, the country will have a pool of experts specialised in enhancing audits. Auditors with the Royal Audit Authority are currently being trained through the Intosai Development Initiative (IDI). IDI has benefited more than 50 per cent of the country's audits so far. IDI, a body under the International Organization of Supreme Audit Institutions (INTOSAI), supports the capacity...

The revenue from Personal Income Tax increased by nearly one billion ngultrum this time. As of March this year, more than 70,000 taxpayers have filed their Personal Income Tax. As of 31st March, the total personal income tax revenue for the income year 2024 amounts to Nu 2.9bn. In 2023, it was Nu 2bn and almost the same amount in...

The inflation has increased since October last year. This is according to the latest Consumer Price Index or CPI. The inflation in February this year reached 3.38 per cent, up from 1.34 per cent in October last year. The inflation is mostly driven by food and non-food items. So, in response to the increasing food inflation, the agriculture and livestock...