BBSCL

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 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 Labour and Employment Act 2007, which has been in place for nearly two decades, mandates employers to compensate their employees for any workplace-related accidents. However, despite clear legal provisions, many employers remain unaware of the legal consequences of non-compliance. The Department of Labour received seven compensation-related complaints from employees last year. Workers' compensation refers to a system where employers are...

A long-delayed school infrastructure project in Samtse has finally hit a breaking point. The Tashichhoeling Dungkhag Tender Committee has terminated the contract for the construction of two 200-bed hostels and a dining hall at Peljorling Higher Secondary School. Despite years of delays, multiple extensions, and over Nu 45 M already disbursed, the project remains incomplete. Today, the hostels have become...