BBSCL

A case of misappropriation of funds involving the Zambala Farmers Group, a Milk Processing Unit in Pema Gatshel is now in Nganglam Dungkhag court. The group’s former employees are accused of misusing sale proceeds of nearly Nu 5 M. They had allegedly made unsubstantiated expenditures and provided a loan, which remained unpaid.  The farmer group filed the case after the...

The Royal Audit Authority has referred four fraud and corruption cases concerning the Thimphu Thromde in the 2023-2024 financial year to the Anti-Corruption Commission (ACC). These cases included unauthorised granting of e-PEMS access to accountants, as well as discrepancies in non-revenue receipts. Additionally, potential misappropriation of funds and deposit of government funds into personal savings accounts, among other issues were...

Delays in fully commissioning the Punatsangchhu-II hydropower project are expected to affect economic growth in 2024. The country’s economy is now projected to grow by five per cent this year, over one percentage point lower than earlier estimates. The finance ministry, in its latest macroeconomic situation report, said that the downward revision was mainly due to the PHPA-II commissioning delay...

Quinoa farmers can now look forward to a better market for the product. Locally known as Ashi Heychum, the crop’s marketability will be improved as food-based entrepreneurs in the country are trained to enhance their skills in value addition and food product development. This means growers can sell their produce in various product forms. This is expected to encourage large-scale...